Market Size of Plant Phenotyping Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 281.32 Billion |
| Market Size (2029) | USD 463.47 Billion |
| CAGR (2024 - 2029) | 10.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Plant Phenotyping Market Analysis
The Plant Phenotyping Market size is estimated at USD 281.32 billion in 2024, and is expected to reach USD 463.47 billion by 2029, growing at a CAGR of 10.5% during the forecast period (2024-2029).
The increasing population has driven the need to grow high-yielding crops for the fulfillment of food security needs, which in turn is boosting the demand for innovative plant breeding techniques for improved crop productivity. High frequency of extreme weather conditions and global warming are also enhancing the need for crop productivity across the world which is favoring the phenotyping market. The market is dominated by the European region.
Furthermore, the innovations in imaging techniques facilitate the better assessment of plant characteristics for the development of better crop breeds suitable for the particular environment. Imaging techniques assist in detecting optical properties of plants by using various technologies like imaging spectroscopy, infrared imaging, fluorescence imaging, and visible light imaging, whose, data sorts from macroscopic to molecular scale.
