The plant tissue culture market size expected to reach US$ 863.47 million by 2028; registering at a CAGR of 8.9% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Instrument Segment Dominated Plant Tissue Culture Market in 2021
The increasing demand for transgenic plants and the proliferation of floriculture are the key factors contributing to the plant tissue culture market growth. However, the high cost of tissue culture procedures restricts the market growth.
Floriculture is a branch of ornamental horticulture concerned with growing and marketing flowers, ornamental plants, and flower arrangements. Plant tissue culture is used to develop flowers according to the need of the population. According to a report by the United States Department of Agriculture, in the United States, the total crop value at wholesale for all growers was US$ 4.42 billion for 2019. According to the 2020 Floriculture Crops Summary, the most recent USDA National Agricultural Statistics Service Summary, the 2020 wholesale value of sales of floriculture crops was $4.80 billion in floriculture crops and increased by 8% from 2019.
Plant Tissue Culture Market, by Region, 2021 (%)
Plant Tissue Culture Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Instrument, Media & Reagents, and Consumables), Application (Plant Research, Agriculture, Forestry & Technical Grade, and Others), and End Users (Greenhouse, Field, and Laboratory)
Plant Tissue Culture Market Size & Share | Industry Report, 2028
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Flowers are nowadays used as a food as they contain nutraceutical and organoleptic properties. The typically high pigment concentration of the corollas (especially flavonoids and carotenoids), which have evolved to attract pollinators chromatically, indicates a marked nutraceutical activity, especially regarding antioxidant power. Edible flowers such as roses, citrus blossoms, lavender, hibiscus, and nasturtium are some of the flowers that are gaining popularity among health-conscious consumers. Edible flowers provide biologically active substances including vitamin A, C, riboflavins, niacin, minerals such as calcium, phosphorous, iron and potassium that are eventually beneficial to consumers' health. To produce flowers which provide these biologically active substances, genetic engineering and tissue culture techniques are used. Growing demand for flower as a nutritious food additive is mainly driving the growth of plant tissue culture market.
Based on application, the plant tissue culture market is segmented into plant research, agriculture, forestry, and technical grade. The plant research segment held the largest market share in 2021. Since its first establishment by Haberlandt in the early 20th century, plant tissue culture has evolved into an essential tool for fundamental and applied plant research. In vitro culture techniques are now indispensable for the production of disease-free plants, rapid multiplication of rare plant genotypes, plant genome transformation, and production of plant-derived metabolites of important commercial value.
Segra International Corp, JRT Nurseries Inc, Thomas Scientific LLC, Sigma-Aldrich Co LLC, HiMedia Laboratories Pvt Ltd, Caisson Labs Inc, Alpha Laboratories Ltd, Becton, Dickinson and Co, AL-Rajhi Tissue Culture Lab, Al Wathba Marionnet LLC are the key companies operating in the plant tissue culture market.
The plant tissue culture market segmentation is as follows:
The plant tissue culture market is segmented on the basis of type, application, end user, and geography. Based on type, the market is segmented into instrument, media & reagent, and consumables. Based on application, the market is segmented into plant research, agriculture, forestry & technical grade, and others. In terms of end user, the plant tissue culture market is segmented into greenhouse, field, and laboratory. By geography, the plant tissue culture market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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