Plant Tissue Culture Market Size Projected to Generate Revenue of $2,202.9 Mn by 2031

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The Global Plant Tissue Culture Market Size is predicted to be valued at $2,202.9 million by 2031, surging from $1,220 million in 2021, at a CAGR of 6.4 %.

Impact Analysis of COVID-19 on the Plant Tissue Culture Market

 The COVID-19 pandemic has had a significant positive and negative impact on the plant tissue culture market. On one hand, as people grow more concerned about their health and the environment, the pandemic has increased demand for plant-based dietary items. This has increased demand for plant tissue culture techniques for creating high-quality, genetically homogeneous crops. Furthermore, the pandemic has caused a halt in plant tissue culture research and development. Many initiatives have been placed on hold due to restricted financing and the closure of research institutions, delaying the commercial development of innovative technologies and processes. While there has been an increase in demand for plant-based food products, supply chain disruptions and delays in production and research have negatively impacted the market. However, as the world slowly recovers from the pandemic, it is expected that the plant tissue culture market will continue to grow and thrive.

Global Plant Tissue Culture Market Analysis

The plant tissue culture market is expanding at an exponential rate due to a number of factors. The major ones include an increase in plant tissue culture-related technological R&D, as well as a rise in demand for genetics and biopharmaceuticals of consistently high quality. There is increased demand for plant tissue culture products, as they provide a reliable and consistent source of plant material. With the ability to produce large numbers of plants with specific traits, technology has become an important tool in the agriculture, horticulture, and biotechnology industries. Furthermore, the rise in popularity of organic and sustainable agriculture practices has increased demand for plant tissue culture, as it allows for the production of disease-free and genetically uniform plant material without the use of harmful chemicals. The advancements in technology have driven the growth of the plant tissue market.

The limited growth and development of the plant tissue culture industry in those regions. The lack of modern equipment and facilities can result in low production yields, leading to lower product quality and higher costs. Additionally, inadequate infrastructure such as transportation and storage facilities can also affect the distribution and preservation of plant tissue products. The lack of technology and infrastructure can greatly impact the plant tissue market.

Plant tissue culture technology is based on the use of plant cells, tissues, and organs to propagate and develop new plants. This process involves the use of sterile conditions to grow plants in a controlled environment. The use of tissue culture techniques for plant breeding provides several benefits, including the ability to quickly produce large numbers of plants, the elimination of disease and pests, and the ability to genetically modify plants to improve desirable traits. The rising demand for plant tissue culture-based plant breeding, along with the increasing use of biotechnology and genetic engineering techniques, is expected to drive growth in the plant tissue market. This presents significant opportunities for companies operating in this market to expand their businesses and develop new and innovative products.

Global Plant Tissue Culture Market, Segmentation

The global plant tissue culture market is segmented on the basis of type, application, crop type, and region.

Type:

The type segment is further classified into instruments, media & reagents, and consumables. Among these, the instruments sub-segment accounted a dominant market share in 2021. Since tissue culture requires unique elements to sustain its growth, choosing the appropriate culture medium is crucial. Nutrients, a carbohydrate supply, solidifying agents (agar), water, growth regulators, and specific additions like auxin, cytokinin, and gibberellins are the primary elements needed by tissue culture to grow the explant properly. All these factors are predicted to boost the segment growth during the forecast years.

Application:

The application segment is further classified into plant research, agriculture, forestry, and others. Among these, the agriculture sub-segment accounted a dominant market share in 2021. By using tissue culture techniques, farmers can produce crops that are free from harmful pesticides and chemicals, providing consumers with healthier and more environmentally friendly options. It is one way to commercialize a remedy for the food crisis issue in underdeveloped countries, enabling them to manage their rapidly growing population on a finite quantity of land, fueling the expansion of the plant tissue culture business. These factors are expected to drive the segment growth during the forecast period.

Crop Type:

The end user segment is further classified into ornamental plants, agricultural plants, wooden plants, and others. Among these, the agricultural plants sub-segment had a dominant market share in 2021. In plant tissue culture, small pieces of plant tissue, such as stems, leaves, or roots, are taken from the parent plant and placed in a sterile nutrient medium. The tissue then grows and forms new shoots and roots, which can then be separated and grown into mature plants. This process allows farmers and horticulturists to produce large numbers of genetically identical plants, which are often used to establish orchards, vineyards, and forestry plantations.

Region:

The plant tissue culture market in Asia-Pacific accounted the highest market share in 2021. The increasing investment in research and development, coupled with favorable government policies, has also contributed to the growth of the plant tissue culture market in the Asia Pacific region. The increasing demand for plant tissue culture in the region has led to the establishment of many new plant tissue culture laboratories, further fueling the growth of the market.

Key Players in the Global Plant Tissue Culture Market

Some of the leading plant tissue culture market players are

• Alpha Laboratories
• Agriforest Bio-Technologies
• Booms Pharm
• Caisson Laboratories Inc.
• Australis Capital Inc.
• Labland Biotech Private Limited
• Phytotech Laboratories Inc.
• Phytoclone Inc.
• Rubi Bio LLC
• Merck KGaA.