Dublin, Aug. 26, 2022 (GLOBE NEWSWIRE) -- The "Micropropagation Market - Global Outlook and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. Micropropagation is increasingly used in plant vegetative propagation and involves carefully choosing plant tissue and mother plant growing under laboratory conditions to produce a new plant. Micropropagation has created lucrative opportunities for farmers and horticulturists to produce plant clones using cell culture technology. This procedure is not restricted to clone plants but is also utilized in making pathogen-free plants, in vitro culture, cryopreservation, and others.
The micropropagation market allows vendors to produce and export crops such as ornamental flowers, bananas, tomatoes, corn and others. In addition, advanced technology such as greenhouse horticulture and the high demand for disease-free and hybrid plants are growing exponentially in the market.
The crops grown through micropropagation techniques are preferred majorly among the consumers. The production of high-quality planting materials is rising with the increased tissue cultured industrial crops, and food crops are expected to anticipate the growth of micropropagation in the forecast period. Additionally, farmers are getting huge profits from new crops on unutilized lands. As a result, farmers' incomes are diversified, increasing sustainability and the need to replicate industrial crops and food crops through micropropagation technology.
The consumption of cannabis as medicine is also gaining importance in the market for micropropagation of hemp tissue culture. Cannabis is a valuable multipurpose crop with medical, industrial, and nutritional applications. Henceforth, the development of cannabis as a medicinal crop is of great importance for the plant tissue culture market, expanding the growth of micropropagation of medicinal plants for various applications.
The growing interest in homegrown production and plant tissue culture market is expected to anticipate the growth of the micropropagation market. It is a field of interest for culturists to set up their lab and grow plants independently. Therefore, homegrown production and in-house labs are the new upcoming drivers of the plant tissue culture market, which will simultaneously enhance the growth for micropropagation in the forecast period
Impact of COVID-19 The Covid-19 pandemic has significantly impacted the agriculture industry and caused a global decline in demand for the ornamental industry. For instance, in 2020, owing to lockdown restrictions, export of Dutch flower buds, over 400,000,000 remained unsold. The horticultural sector has got affected and faces problems like the fragility of the market, import and export crisis, and lesser labor supply, reducing the demand for flowers and food products.
The pandemic has disrupted the logistics and supply chain, which has increased the prices of oranges, avocados, and blueberries in Europe. The covid-19 crisis has caused many disruptions in livestock production, horticulture, planting, and harvesting. As the food processing research laboratories closed, many micropropagation specialists could not culture plants. Moreover, the increasing investment in research and development for advanced technology offers a secure food source for home garden plants and culture businesses. Global Micropropagation Market Trends & Opportunities
Huge Demand For Micropropagation In Ornamental And Medicinal Plants
The ornamental market is highly active and internationalized with breeders, growers, and retailers. In Europe, most ornamentals are produced outside of Europe from countries such as Kenya, Ethiopia, and Israel and imported back to Europe. Germany dominates the market in Europe in terms of ornamental plants. Additionally, the consumption of cannabis as medicine is also gaining importance in the market for micropropagation of hemp tissue culture. Therefore, developing medicinal plants into crops has been encouraged across the European region.
Rising Demand For Home Laboratories And Production
The demand for organic fruits and vegetables to remain healthy has attracted many people to diversify their interests in homegrown fruits and vegetables with the help of micropropagation. Constructing areas with standard measures of micropropagation such as a sterile culture area and greenhouse can be created simply in the house. Therefore, the growing interest in homegrown production and plant tissue culture market is expected to anticipate the growth of the micropropagation market in the forecast period.
High Cost Of Commercial Propagation
The high cost of micropropagation is a severe limitation on extending the tissue culture business. A large scale of micropropagation requires vast space to maintain hundreds and millions of plants produced in the lab. Therefore, conditions about the rapid increase in production and equipment costs are the foremost factors expected to restrain the growth of the micropropagation market in the forecast period. Competitive Landscape
Key industry participants include RIVERS BIOTECH, AGRIFOREST BIO-TECHNOLOGIES, BOOMS PHARMA, AGRISTARTS, etc. There is intense competition among vendors in the market. Market leaders are currently emphasizing the adoption of disease-free plants due to the increasing sustainable farming trend. One of the main approaches that industry participants adopt is micropropagation for various products due to the rising usage of pesticides in agriculture. Recent developments:
As per the year 2021, Dark Heart Industry announced the opening of its R&D in Davis, California, which will ensure advanced science-based solutions and innovations that will directly help the customers experience technologically advanced products and their features.
In 2020, the Dark Heart also introduced a production and research facility spread over 70,000 sq. Ft. in Half Moon Bay in California for more production of plants around 1 million annually.
As of 2021, Agriforest received funding from the Canada-BC Agri innovation program to produce disease-free hazelnut plants.
Key Questions Answered: 1. What Will Be the Size of the Global Micropropagation Market by 2027? 2. Who Are the Key Vendors in the Micropropagation Market? 3. What Are the Key Factors Driving the Growth of the Micropropagation Market? Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.2 Base Year 4.3 Scope of the Study 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Premium Insights 7.1 Overview 8 Introduction 8.1 Overview 8.2 Stages of Micropropagation 8.3 Advantages of Micropropagation 8.4 Components of Micropropagation 8.5 Covid-19 Impact 9 Market Opportunities & Trends 9.1 Demand for Tissue-Cultured Industrial & Food Crops 9.2 High Quality of Plant Materials 9.3 Increased Micropropagation of Ornamental & Medicinal Plants 10 Market Growth Enablers 10.1 Demand for Homegrown Produce 10.2 Technological Advances in Micropropagation 10.3 Low-Cost Tissue Culture Options 11 Market Restraints 11.1 Vulnerability to Contamination 11.2 High Cost of Commercial Propagation 12 Market Landscape 12.1 Market Overview 12.2 Five Forces Analysis 13 Crop Type 13.1 Market Snapshot & Growth Engine - Revenue 13.2 Market Snapshot & Growth Engine - Volume 13.3 Market Overview 13.4 Banana 13.5 Orchids & Ornamentals 13.6 Medicinal Plants 13.7 Vegetables 13.8 Small Fruits 13.9 Others 14 End-User 14.1 Market Snapshot & Growth Engine - Revenue 14.2 Market Snapshot & Growth Engine - Volume 14.3 Market Overview 14.4 Farmers 14.5 Research Labs 14.6 Others 15 Sales Channel 15.1 Market Snapshot & Growth Engine - Revenue 15.2 Market Snapshot & Growth Engine - Volume 15.3 Market Overview 15.4 Offline 15.5 Online 16 Container Type 16.1 Market Snapshot & Growth Engine - Revenue 16.2 Market Snapshot & Growth Engine - Volume 16.3 Market Overview 16.4 Test Tubes & Petri Dishes 16.5 Glass Bottles 16.6 Plastic Containers 17 Geography 17.1 Market Snapshot & Growth Engine - Revenue 17.2 Market Snapshot & Growth Engine - Volume 17.3 Geographic Overveiw 18 North America 18.1 Market Overview 18.2 Crop Type 18.3 End-User 18.4 Container Type 18.5 Sales Channel 18.6 Key Countries 19 Europe 19.1 Market Overveiw 19.2 Crop Type 19.3 End-User 19.4 Container Type 19.5 Sales Channel 19.6 Key Countries 20 Apac 20.1 Market Overveiw 20.2 Crop Type 20.3 End-User 20.4 Container Type 20.5 Sales Channel 20.6 Key Countries 21 Latin America 21.1 Market Overveiw 21.2 Crop Type 21.3 End-User 21.4 Container Type 21.5 Sales Channel 21.6 Key Countries 22 Middle East & Africa 22.1 Market Overveiw 22.2 Crop Type 22.3 End-User 22.4 Container Type 22.5 Sales Channel 22.6 Key Countries 23 Competitive Landscape 23.1 Competition Overview 24 Key Company Profiles 24.1 3 Rivers Biotech 24.2 Agriforest Bio-Technologies 24.3 Booms Pharm 24.4 Agristarts 24.5 Caisson Labs 24.6 Dark Heart Industries 25 Other Prominent Vendors 25.1 Plantmedia 25.2 Segra International 25.3 Phytocultures Ltd 25.4 Tissue-Grown Corporation 25.5 Knight Hollow Nursery 25.6 Phytoclone 25.7 Lifeasible 25.8 Deroose Plants 26 Report Summary 26.1 Key Takeaways 26.2 Strategic Recommendations 27 Quantitative Summary 27.1 Geography 27.2 North America 27.3 Europe 27.4 Apac 27.5 Latin America 27.6 Middle East & Africa 28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/26my5z
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