Plant phenotyping is the process of describing the physical appearance of a plant to evaluate its genetic and phenotypic characteristics. It involves various non-destructive and imaging techniques for analyzing plants without causing any damage to them. The growing adoption of precision agriculture across the globe is one of the major factors driving the growth of the plant phenotyping market. Precision agriculture utilizes advanced technologies such as sensors, robotics, Internet of Things (IoT), analytics and many more to optimize agricultural production. Farmers are widely adopting technologies like plant phenotyping for evaluating plant traits, managing crop stress and diseases and maximizing crop yield.
The global plant phenotyping market is estimated to be valued at US$ 227.28 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The adoption of precision agriculture and growing demand for crop yield improvement are some of the key drivers propelling the growth of the plant phenotyping market. As mentioned in the heading, the growing acceptance of precision farming worldwide is fueling market growth. Precision agriculture assists farmers in monitoring crop health, analyzing field variations and optimizing inputs. This helps them maximize crop productivity and farm income. Another major factor augmenting the market is the rising global demand for food owing to the ever-growing population. Advanced phenotyping solutions help scientists and breeders develop new varieties of crops with better yield potential and resistance to biotic and abiotic stresses. This in turn aids in meeting the rising global food demand.
The plant phenotyping market is dominated by equipment sub segment, which accounts for more than 60% share of total market. Equipment segment witnesses high demand from research organizations and academia for large scale field phenotyping. Equipment such as imaging systems, sensors, environmental management systems and automated controlled systems are integral part of phenotyping platforms, greenhouses or growth chambers which helps in high throughput field or lab screening of large breeding populations.
Political: The plant phenotyping market is positively impacted by supportive government policies and regulations for adoption of new technologies in agriculture and plant breeding sectors. Majority countries are investing in research programs to increase yield and quality of crops.
Economic: Rising population and increasing demand for food has forced countries to reduce dependency on imports and enhance domestic production. This drives investments for development of high yielding hybrid varieties of major crops using technologies such as plant phenotyping.
Social: Growing consumer awareness about health benefits of certain crops and preference for foods with high nutrition value is encouraging breeders to develop new varieties. This augments demand for advanced plant phenotyping tools for trait evaluation.
Technological: Continuous innovations in imaging, sensors and software solutions have improved throughput and reduced costs of phenotype measurements. Miniaturization and development of Integrated solutions allow for field as well as lab based high throughput screening.
The Global Plant Phenotyping Market Size is expected to witness high growth at a CAGR of 2.4% during the forecast period of 2023-2030.
North America dominated the plant phenotyping market with more than 30% share in 2024 owing to robust research funding and early technology adoption in the region. Europe is the second largest market for plant phenotyping attributed to favorable initiatives by European Commission for establishing phenotyping infrastructure across research institutes in the region. Countries such as France and Germany are major contributors to European market.
Key players: Key players operating in the plant phenotyping market are BIOTRONIK SE & Co.KG, Medtronic plc., Boston Scientific Corporation, Abbott Laboratories, LivaNova plc., Osypka Medical GmbH, and MEDICO S.p.A.
Key players operating in the plant phenotyping market are continuously investing in development of advanced imaging solutions, sensors and data management software. They are also focusing on strategic collaborations with research institutes to commercialize newly developed platforms and solutions.