Global Agrigenomics Market

Agrigenomics is the study of the genetic make-up of crops and animals that affect the product. The use of genomics in agriculture helps to increase the sustainability and productivity of livestock production and crop production. The global Agrigenomics market is driven by technological advancements, a rise in funds toward research in agrigenomics fuels the adoption of novel technologies. The market is primarily driven by Growing Food Demand and Shrinking Land. For instance, according to the World bank, Farmland per capita is expected to decrease to 1800 m2 in 2030 from 2,200 m2 in 2005. Different crop pests lead to the decline, causing 10-16 percent annual global crop losses. While new plant technologies are constantly being developed to combat pest attacks, they are also contributing to the production of new strains of pests that are difficult to destroy. The number of fungal losses in major crops is sufficient to feed almost 9% of the world’s population. Agrigenomics is therefore the main policy embraced by farmers to meet the global demand for food. . Different crop pests contribute to the decline, causing annual global crop losses of 10-16 percent. While the latest plant technologies are being developed continuously to combat pest attacks, they are also contributing to the development of new and difficult-to-kill pest strains. The number of fungal losses in major crops is sufficient to feed almost 9% of the world’s population. Agrigenomics is thus the main policy farmers have embraced for meeting global food demand. However, low adoption of automated instruments, highly consolidated equipment industry reduces innovative research approach in agrigenomics Labs would restraint the market growth.

Global Agrigenomics Market is valued at approximately USD 11.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2020-2027 and is estimated to reach 21.8 billion by 2027.

The regional analysis of the Global Agrigenomics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of Technological Advancements. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Rise in Funds Toward Research in Agrigenomics Fuel the Adoption of Novel Technologies would create lucrative growth prospects for the Agrigenomics Market across the Asia-Pacific region.

Major market players included in this report are Eurofins Scientific Se, Agilent Technologies Inc., Thermo Fisher Scientific’ Inc., LGS Limited., Illumina’ Inc., Zoetis’ Inc., Neogen Corporation, Galseq Srl Via Italia, Agrigenomics’ Inc., and Biogenetic Services’ Inc.

The detailed segments and sub-segment of the market are explained below:
By Sequencer: Sanger sequencer, Illumina HiSeq, PacBio sequencer, SOLiD sequencer, Others (Roche GS FLX, Ion Torrent, Oxford Nanopore, and Danaher GeXP)
By Application: Crops, Livestock
By Objective: DNA extraction and purification, DNA/RNA sequencing, Genotyping, Gene expression profiling, Marker-assisted selection, GMO/Trait purity, Other objectives (hybrid purity testing, targeted resequencing, DNA parentage testing, QTL mapping, and genetic disease identification)

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