From GlobeNewswire: 2024-05-29 07:00:00

The Global Plant Phenotyping Market is set to grow from USD 261.7 million in 2023 to USD 790.5 million by 2033, with a CAGR of 11.69%. Plant phenotyping involves measuring and characterizing physical and physiological traits of plants using advanced technology like sensors and image analysis. Agriculture’s shift towards data-driven practices is driving the demand for efficient plant phenotyping methods.
The equipment segment is expected to dominate the global plant phenotyping market, with imaging technologies being commonly used by researchers and plant breeding firms. Quality assessment is set to contribute the largest revenue share in the plant phenotyping market. In Europe, there’s a significant market presence due to recognized research institutes and sustainable farming practices.
Europe is anticipated to lead the global plant phenotyping market, focusing on sustainable agriculture. North America is expected to grow rapidly due to the increasing demand for precision farming. Major vendors in the market include BASF SE, Phenospex, and Lemnatec Corporation. Recent developments include a partnership between Manitoba Harvest and Brightseed to produce a new line of bioactive fiber products.



Read more at GlobeNewswire: Global Plant Phenotyping Market Size To Worth USD 790.5