Report : Asia Pacific Plant Tissue Culture Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Instruments, Media & Reagents, and Consumables), Application (Plant Research, Agriculture, Forestry & Technical Grade, and Others), and End Users (Greenhouse, Field, and Laboratory)
At 9.7% CAGR, the Asia Pacific Plant Tissue Culture Market is speculated to be worth US$ 260.06 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific plant tissue culture market was valued at US$ 148.96 million in 2022 and is expected to reach US$ 260.06 million by 2028, registering a CAGR of 9.7% from 2022 to 2028. Mounting demand for transgenic plants and increasing demand floriculture are the critical factors attributed to the Asia Pacific plant tissue culture market expansion.
Research studies on automation technology and equipment of test-tube plantlets have been carried out in various developing countries. In manual propagation, the plantlet is grasped and cut at the node point between the cotyledon and stem, which is hardly located and can be easily damaged by the gripper. Using an agricultural intelligent robot to replace manual operation will significantly improve the efficiency and quality of the propagation of plantlets. With the use of robots, the chances of contamination are less as compared to manual propagation. The cost of labour is increasing annually. The cost of a robotic machine will decrease in near future due to the rapid development of electronic and mechanical technology. Therefore, the laboratories are introducing robots so that the procedures are carried out properly and are cost-effective. The high-throughput screening of recombinant protein expression is advantageous during early process development because it identifies optimal expression constructs and process conditions. Simple screening platforms based on microtiter plates are available for microbes and animal cells, but this was not possible for plants until the development of plant cell packs (PCPs), also known as “cookies,” which provide a versatile and scalable screening tool for recombinant protein production. This will help in developing the plantlets according to the need of the researchers. Due to the use of robotics in plant tissue culture laboratories the Asia Pacific plant tissue culture market is expected to grow. This is expected to drive the Asia Pacific plant tissue culture market during the forecast period.
On the contrary, high rate of tissue culture hurdles the growth of Asia Pacific plant tissue culture market.
Based on type, the Asia Pacific plant tissue culture market is categorized into instruments, media & reagents, and consumables. The instruments segment held 58.0% market share in 2022, amassing US$ 86.38 million. It is projected to garner US$ 145.67 million by 2028 to expand at 9.1% CAGR during 2022–2028. Further, the instrument segment is categorized into incubators, centrifuges, microscopes, sterilizers, and others. Similarly, media & reagents are categorized into murashige and skoog media, linsmaier and skoog media, and others.
Based on application, the Asia Pacific plant tissue culture market is categorized into plant research, agriculture, forestry & technical grade, and others. The agriculture segment held 60.2% market share in 2022, amassing US$ 89.63 million. It is projected to garner US$ 155.95 million by 2028 to expand at 9.7% CAGR during 2022–2028.
Based on end users, the Asia Pacific plant tissue culture market is categorized into greenhouse, field, and laboratory. The field segment held 62.3% market share in 2022, amassing US$ 65.72 million. It is projected to garner US$ 113.30 million by 2028 to expand at 9.5% CAGR during 2022–2028.
Based on country, the Asia Pacific plant tissue culture market has been categorized into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 36.4% market share in 2022. It was assessed at US$ 54.30 million in 2022 and is likely to hit US$ 95.96 million by 2028, exhibiting a CAGR of 10.0% during the forecast period.
Key players dominating the Asia Pacific plant tissue culture market are Thomas Scientific LLC; Sigma-Aldrich Co LLC; HiMedia Laboratories Pvt Ltd; Caisson Labs Inc.; Alpha Laboratories Ltd.; Becton, Dickinson and Co.; and AI Wathba Marionnet LLC., among others.
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