Agri Genomics Market

The global Agri Genomics market was valued at USD 13.12 Billion in 2020 and is projected to reach USD 22.71 Billion by 2028, growing at a CAGR of 7.10% from 2021 to 2028.

Agrigenomics or agricultural genomics (application of genomics in agriculture), will continue to facilitate sustainable productivity and provide solutions to the mounting situations of serving the population globally.

The global Agri Genomics market is segmented based on by Objective, Sequencer Type, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Agri Genomics  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Rapid improvement in the functional genomics industry, for instance, the endorsement of technology (massively parallel sequencing) and the formulation of procedures to efficiently evaluate cellular actions at the molecular level, are facilitating the global agrigenomics market.

Globally, pests cause a loss of 10-15% of crops annually. Pests are growing which is making them tough to kill. Therefore, the need to protect the crops and enhance their durability is a major factor driving the agrigenomics market.

Pests are growing which is making them tough to kill. Therefore, the need to protect the crops and enhance their durability is a major factor driving the agrigenomics market, and rapid improvement in the functional genomics industry, for instance, the endorsement of technology (massively parallel sequencing) and the formulation of procedures to efficiently evaluate cellular actions at the molecular level, are facilitating the global agrigenomics market.

Objective  Analysis: Preview

On the basis of Objective, the market is segmented into RNA/Agrigenomics, DNA Extraction & Purification, Genotyping, Gene Expression Profiling, Market-Assisted Selection, GMO/Trait Purity Testing, Others. Due to financial obligations, in agrigenomics research the endorsement of automated methods has been relatively restricted, compared to other disciplines like, human genetics. Thus, this is hampering its growth.  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Due to financial obligations, in agrigenomics research the endorsement of automated methods has been relatively restricted, compared to other disciplines like, human genetics. Thus, this is hampering its growth. in emerging economies in Asia Pacific region.

Sequencer Type Analysis: Preview

Based on Sequencer Type, the market is segmented into Sanger Sequencing, Solid Sequencers, Pacbio Sequencers, Illumina HSEQ Family, Other Sequencers. Market-Assisted Selection accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

On the basis of region, the global Agri Genomics market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. region held the largest share of the global Agri Genomics market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. North America is one of the most profitable countries for companies operating in the market. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Agri Genomics market are Affymetrix, Eurofins Scientific SE, Illumina, Thermo Fisher Scientific, Genotypic Technology Pvt Ltd, SciGenom Labs Pvt. Ltd, GalSeq SRL, Agilent Technologies, Inc., Edico Genome, and LGC Limited.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.