Agri geonomics Market is anticipated to reach USD 22,700 Million by 2028, registering a CAGR of 7.5% during the forecast period, owing to the growing deployment of agri genomics in regular agriculture activities and technological advancements in the field of genomics and agriculture

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 Key Drivers and Emerging Trends

The demand for Agri genomics market is forecast to witness a sturdy boom over the forecast period. The increasing population, changing climatic conditions, growing awareness about the hazardous impacts of chemical-based fertilizers, and the increasing food security concerns have stimulated the need for geonomics to improve crop productivity, thereby driving the market growth. In addition, the strategic government initiatives to encourage research and improve crop yield will expand the market size. Ongoing technological advancements in technology such as the shift towards whole-genome sequencing from single gene sequencing and increasing automation are further projected to strengthen the Agri geonomics market growth. With the increasing investment in research and development, the advancements in the genome technology to develop crops and livestock with desired agronomic characteristics have increased, driving the Agri geonomics Market size.

Increasing adoption of Agri geonomics in personal care, home care, automotive, food and beverage, and pharmaceutical industries, owing to their ability to extend the shelf life of a product by impeding the chances of contamination will augment the market growth. Additionally, augmenting cultivation of hybrid crops and growing disbursement on food & beverages industries will fuel the market growth. However, the adoption of automated methods in agrigenomics research is confined due to the financial constraints compared to other disciplines such as human genetics. Thus, despite the growing awareness about the deployment of automated systems, researchers in underdeveloped nations resist to manual approaches over automated ones, hampering the Agri geonomics Market share.

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Application – Segment Analysis

Crops segment is anticipated to witness a faster growth over the forecast period, owing to the growing cultivation, production, and demand for crops across beverages, food, healthcare, genomics, end-use industries. For instance, as per the World Bank in 2018, the agriculture sector contributed to 4% of the global gross domestic product and is forecast to increase to more than 25% of GDP in emerging economies.

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Regional – Segment Analysis

North America is predicted to lead the market with the highest CAGR over the upcoming years, primarily because of the ongoing technological advancements aided by the strong research and development in the region. In addition, Agri geonomics improves the resistance power at initial stages, thus, minimizing the use of harmful pesticides, driving the market growth. Rising Research and development activities, well-established healthcare infrastructure, innovation of new technologies, and the presence of various leading technology providers will expand the regional growth. The growing demand for food and beverages industries across the region will further expand the regional growth.

Top Market Players 

Several leading companies in the market include Eurofins Scientific SE, Thermo Fisher Scientific Inc., IIIumina Inc., Zoetis Inc., Tecan Genomics, Inc., BGI Genomics, Biogenetic Services, Inc., LGC Limited, Agilent Technologies, Neogen Corporation, among others.

Key Developments:

• • In 2021, cell sorting technology from Propel Labs was acquired by Thermo Fisher Scientific Inc. This acquisition was intended to help Thermo Fisher bring flow cytometry expertise, R&D capabilities, and engineering strength to expand its cell analysis and cell therapy research businesses.
  • In 2021, Thermo Fisher Scientific Inc. acquired cell sorting technology from Propel Labs. With this, Thermo Fisher aims toward bringing flow cytometry expertise, R&D capabilities, and engineering strength for elevating its cell analysis and cell therapy research businesses.
  • In 2020, LGC announced the extension of its regulated bioanalytical LC-MS service through the implementation of a high-resolution mass spectrometer, With enhanced levels of selectivity and mass accuracy.
  • In 2020, LGC decided to expand its regulated bioanalytical LC-MS service by implementing a high-resolution mass spectrometer, With improved levels of selectivity and mass accuracy.

Segments covered in the Report

The Agri geonomics Market has been segmented based on Application, Sequencer Type, and region. Based on Application, the market is segmented into Crops and Livestock. Based on Sequencer Type, market is segmented into Sanger Sequencing, IIIumina HiSeq Family, PacBio Sequencer, SOLiD Sequencer.

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Key questions answered in this research report:

• • At what pace is global Agri geonomics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Agri geonomics Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Agri geonomics market?
  • Which application generated maximum revenues in 2020 and identify the most promising application during the forecast period?
  • What are the various Sequencer types of global Agri geonomics Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Agri geonomics Market by Application

• • Crops
  • Livestock

Global Agri geonomics Market by Sequencer Type

• • Sanger Sequencing
  • IIIumina HiSeq Family
  • PacBio Sequencer
  • SOLiD

Global Agri geonomics Market by Region

• • North America Agri geonomics Market (Option 1: As a part of the free 25% customization)
    • By Application
    • By Sequencer Type
    • US Market All-Up
    • Canada Market All-Up
  • Europe Agri geonomics Market (Option 2: As a part of the free 25% customization)
    • By Application
    • By Sequencer Type
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Agri geonomics Market (Option 3: As a part of the free 25% customization)
    • By Application
    • By Sequencer Type
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Agri geonomics Market (Option 4: As a part of the free 25% customization)
    • By Application
    • By Sequencer Type
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Agri geonomics market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Eurofins Scientific SE
  • Thermo Fisher Scientific Inc.
  • IIIumina Inc.
  • Zoetis Inc.
  • Tecan Genomics Inc.
  • BGI Genomics
  • Biogenetic Services, Inc.
  • LGC Limited
  • Agilent Technologies
  • Neogen Corporation