PLANT TISSUE ANALYSIS MARKET ANALYSIS

Global plant tissue analysis market is estimated to be valued at US$ 228.2 million in 2023 and is expected to exhibit a CAGR of 4.7% during the forecast period (2023-2030). Increasing approval of plant-based vaccines by the regulatory authorities is expected to assist in the growth of the market over the forecast period. For instance, in 2022, Medicago, the Quebec-based pharmaceutical company, announced that it had received approval for the first plant-based COVID-19 vaccine for use in adults aged 18 to 64, from Health Canada, the Department of the Government of Canada responsible for Canada’s national health policy

Analysts’ Views on Global Plant Tissue Analysis Market:

The plant tissue analysis market's growth is expected to increase over the forecast period. This is due to the increasing demand for RNA vaccines, especially during the COVID-19 pandemic as many manufacturers started conducting more research and development activities for the production of plant-based COVID-19 mRNA vaccines. Moreover, due to the high cost of the manufacturing process, plant-based systems are the best for the production of biological molecules on a large scale

Figure 1. Global Plant Tissue Analysis Market Share (%), by Component, 2023

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Global Plant Tissue Analysis Market- Driver

Inorganic Strategy such as Acquisition by the Market Players

Market players are indulged in inorganic activities such as acquisition, in order to expand their product portfolio is expected to drive the growth of the Plant Tissue Analysis market over the forecast period. For instance, in August 2022, Element Materials Technology, providers of testing, inspection, and certification services for a diverse range of products, materials, and technologies in advanced industrial supply chains acquired Singapore Test Services (STS), a leading testing, inspection, calibration, and certification provider. This acquisition strengthened Element Materials Technology’s position and growth plans in Southeast Asia.

Awareness Campaign by the Research Organization for the Conservation of Plant Varieties

Research organizations are indulged in conducting awareness campaigns in order to spread awareness regarding the conservation of plant varieties among farmers. For instance, on February 2, 2023, ICAR-National Bureau of Plant Genetic Resources, New Delhi in collaboration with ICAR- ICAR-Central Research Institute for Jute and Allied Fibres, Barrackpore organized an Awareness Cum Training Programme on Plant Genetic Resources Conservation for Improving Nutritional and Livelihood Security of Farmers and Promotion of Natural Fibres at ICAR-CRIJAF campus, Barrackpore. The main objective of the training program organized under SCSP (Schedules Caste Sub-Plan) was to create awareness among the SC (Schedules Caste) farmers regarding the conservation and proper utilization of traditional crop varieties and promote natural fibers to improve the nutritional and livelihood security of farmers.

Figure 2. Global Plant Tissue Analysis Market Share (%), by Region, 2022

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Global Plant Tissue Analysis Market- Regional Analysis

Among all regions, North America region is expected to dominate the market over the forecast period. This is attributed due to North America holding a 34.6% market share owing to increasing research and development activities by the research organization in the North America region, for the development of crop varieties for African farmers. For instance, in January 2023, a Cambridge University-led project to develop self-fertilizing crops for African farmers became the latest grantee of Bill & Melinda Gates Agricultural Innovations (Gates Ag One). The US$ 35 million grant will support the Engineering Nitrogen Symbiosis for Africa (ENSA) research program over the next five years (2023-2027). The research consortium focuses on improving nutrient uptake by food plants to reduce the need for fertilizer across some of the world’s most degraded land.

Europe region is expected to be the second largest region over the forecast period owing to increasing facility expansion by the market players. For instance, in 2022, Eurofins Scientific, laboratory testing service provider, added more than 78,000 m2 of laboratories, offices, and storage spaces through the execution of building projects, building acquisitions, new leases, and site consolidation. Moreover, 76,000 m2 of building area that was already a part of other companies was also added through acquisitions. Consequently, the net floor area of buildings, owned by Eurofins in 2022 increased by 27% from 2021 to reach 490,000 m2 in 2022.

Global Plant Tissue Analysis Market– Impact of Coronavirus (COVID-19) Pandemic

During the COVID-19 pandemic, there was an increase in the growth of the global plant tissue analysis market owing to increasing research and development activities for the development of plant-based COVID-19 vaccines. For instance, in December 2021, Medicago, a biopharmaceutical company headquartered in Quebec City, and GlaxoSmithKline plc (GSK) entered into a partnership in order to conduct clinical trials for testing the efficacy and safety results from the global Phase 3 placebo-controlled efficacy study of Medicago’s plant-based COVID-19 vaccine candidate. The study was carried out in combination with GSK’s pandemic adjuvant and was conducted in over 24,000 subjects (adults 18 years and above) across six countries. The companies announced positive results for the plant based COVID-19 vaccines.  

Moreover, due to increasing research and development activities for the production of COVID-19 vaccines, research institutes are developing plant-based vaccines. For instance, in 2021, scientists from the University of California, Riverside, are conducting research in order to check whether edible plants like lettuce can be turned into mRNA Vaccine factories. According to scientists, plant-based mRNA vaccines can be administered through oral route through edible plants, which can overcome the challenge of storing the vaccine at room temperature.

Global Plant Tissue Analysis Market Segmentation:

The global plant tissue analysis market report is segmented into component, terminal type, and end user

Based on Component, the market is segmented into platform and services. Out of which, platform is expected to dominate the global plant tissue analysis market during the forecast period and this is attributed due to increasing launches of new services by the market players

Based on Terminal Type, the market is segmented into desktop based and mobile based. Out of which, the desktop based segment is expected to dominate the market over the forecast period

Based on End User, the plant tissue analysis market is segmented into agricultural companies, research, and others. The agricultural companies segment is expected to dominate the market over the forecast period and this is attributed to the increasing launch of new technology by agricultural companies to analyze soil quality and increase the production of crops

Among all segmentation, by component segment has the highest potential due to the high demand for plant tissue analysis services.

Global Plant Tissue Analysis Market Cross Sectional Analysis:

In end user segment, agricultural companies held a dominant position in the North America region due to the development of innovative solutions for plant tissue analysis. For instance, on February 2, 2023, Leaf Evaluated-Nutrient System (LENS) developed LENS Management System, which identifies the problems associated with plants

Global Plant Tissue Analysis Market: Key Developments

In August 2022, Element Materials Technology, a global materials testing, inspection, and certification company, acquired Singapore Test Services (STS), a leading testing, inspection, calibration, and certification provider. This acquisition strengthened Element Materials Technology’s position and growth plans in Southeast Asia.

In June 2022, Lifeasible, a biotechnology company, launched analysis services for plant stress tolerance. It provides a wide range of analysis services for the research of plant resistance including the determination of plant stress response indicators.

Global Plant Tissue Analysis Market: Restraint

Availability of Alternative Method for Plant Monitor

The availability of alternative methods to monitor crop nutrient status is expected to hamper the growth of the global plant tissue analysis market, over the forecast period. For instance, multispectral imaging (MSI) and hyperspectral imaging (HSI) have made the monitoring of field crop health to aid decision-making and the application of spatially and temporally variable agronomic inputs possible. Spectral imaging has played a vital role in facilitating crop monitoring to aid the decision-making in the implementation of spatially variable agronomic practices and/or inputs. Driven by cutting-edge data processing techniques, spectral imaging for field crop monitoring has become a prominent research area in the remote sensing community. Due to technical advances, the remote sensing community now has access to both dense time series data and high-spatiospectral-resolution images, without the need to approximate the compromised components using fusion methods. Moreover, machine-learning and deep-learning approaches have substantially enhanced the processing and analysis of spectral information.

Global Plant Tissue Analysis Market: Key Players

Major players operating in the global plant tissue analysis market include AgSource, AgroLiquid, Crop Nutrition Laboratory Services Ltd., Element Materials Technology, SGS Société Générale de Surveillance SA, Eurofins Scientific, Picketa Systems Inc., Spectrum Analytic, Soilscape Solutions, Wallace Laboratories LLC., Ward Laboratories, Inc., Waters Agricultural Laboratories, Inc.

Definition: Plant tissue analysis is determining, in a laboratory, the total elemental content of the whole plant or parts of plants, typically leaves or petioles (leaf stem). Moreover, in field crops, plant tissue analysis, in conjunction with a soil test program, can serve as a check on a fertilizer program.