Global Agrigenomics Market Overview, Size, Share and Trends 2020-2021
Summary – A new market study, “Global
Agrigenomics Market - 2019-2026”
has been featured on WiseGuyReports.
Agriculture
genomics is an application of genomics in agriculture to improve the productivity
and sustainability in crop production. Genomics can reduce the trails
associated with scientific research, which could in turn improve the quality
and quantity in crop yield. Various agrigenomics processes adopted by the
researchers and academia includes plant genotyping, genetic engineering, gene
expression analysis, GMO testing and detection, and genome sequencing. Food
Security is major threat and traditional methods of plant and animal production
will not meet the demand from world’s population. Growing adoption of genomic
driven breeding and through analysis through next generation sequencing
technologies is revolutionizing the agriculture industry. The additional
benefits associated with agrigenomics includes reduced breeding cycles, greater
selection intensity, improved accuracy=y and increased rate of genetic gain in
plants.
The global
agrigenomics market valued USD XX million in 2018 and expected to grow at a
CAGR of XX% to reach a market value of USD XX million by 2026.
Also Read : https://www.openpr.com/news/2095435/agrigenomics-market-2020-global-industry-manufacturers
Market
Dynamics:
Change in
environmental & soil condition over the last few years has imposed unique
challenges over agriculture industry. To address the global demand for food,
agricultural researchers, farmers, breeders are adopting genomics or DNA
science to optimize production. Genomics, bioinformatics and genome editing are
the key technologies used by the research organizations. These research
organizations are majorly focused on producing sustainable crop/seed technology
suitable for future generations. Soil scientists are utilizing next generation
sequencing for the development of complete characterization of soil microbial
communities to allow better prediction of soil health. The seed lines produced
through usage of gene modification possess unique ability to increase farm productivity
through minimum input. The additional properties associated with these modified
crops includes drought tolerance, and disease resistance. Furthermore, growing
commercial production of agricultural crops and establishments of commercial
farms is expected to increase the adoption rate of agrigenomics during the
forecast period.
However,
stringent government regulation imposed over the production of genetically
modified crops are hindering the growth of global Agrigenomics market.
Segment
Analysis
Global
agrigenomics market is segmented on the basis of process into microarray
analysis, sequencing, genotyping, bioinformatics and others.
Next
generation sequencing techniques has been growing at a stagnant pace owing to
growing demand for sequencer possessing ability to sequence large number of
samples at a lower cost. The next-generation sequencer is being used a tool for
assembly of crop reference genomes, Transcriptome sequencing for the study of
gene expression and whole genome molecular maker development. Typical plant
breeding programs based on phenotyping and growing awareness among the
communities regarding genetic background of agrotraits led to increased demand
towards genotype-based selection. Agricultural researchers are increasingly
adopting next-generation sequencing technology as an essential research and
development tool in plant and animal genomics. Currently Illumina, Thermo
Fisher Scientific, Pacific Biosciences, BGI and many other companies are
currently providing Next-generation sequencing for agricultural practices.
Geographical
Presentation
By region,
the global agrigenomics market is segmented into North America, South America,
Europe, Asia-Pacific, Middle-east and America.
North America
dominate the global agrigenomics market owing high presence of agricultural
industries and growing investment by the key manufacturers in agrigenomics.
However, Asia-Pacific is expected to grow at a higher pace owing to high
presence of research and development institutes and growing initiates by major
crop companies for the development of genetically modified crops. Increase in
funding from the government organization for plant genome research in
agricultural organizations and research institutes is further expected to boost
the market during the forecast period. China public funding for agricultural
research reached more than USD 10 billion supporting more than 1100
agricultural research institutes.
Competitive
Analysis
This market
is predicted to foresee technological advancements in sequencing and gene
mutations owing to ongoing research activities and it is expected to boost
growth of agrogenomics during the forecast period. Some of the key players in
the global agrigenomics market includes LC Sciences, LLC., AgriGenome Labs Pvt.
Ltd, and ArrayGen Technologies Pvt. Ltd.
Agrigenomics
market is witnessing significant investments form venture capitalists into
startups. For instance, in March 2019, Spero ventures invested USD 3 million in
Gencove, one of the leading player in low-pass genome sequencing platform for
the development of new applications for agricultural markets. In January 2015,
Affimetrix launched Axiom Porcine Genotyping Assay with more than 600,000
markers in plant and Genome Conference as part of agrigenomics portfolio
expansion.
Why Purchase
the Report?
• Visualize
the composition of the global agrigenomics market in terms of various processes
and end users highlighting the key commercial assets and players.
• Identify
commercial opportunities in global agrigenomics market by analyzing trends and
co-development deals.
• Excel data
sheet with thousands of data points of global agrigenomics market - level 4/5
segmentation.
• PDF report
with the most relevant analysis cogently put together after exhaustive
qualitative interviews and in-depth market study.
• Product
mapping in excel for the key product of all major market players
Target
Audience
• Industry
Investors/Investment Bankers
• Emerging
Companies
• Research
Laboratories
•
Manufacturers
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