DUBLIN–(BUSINESS WIRE)–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 a 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.
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?
Opportunities & Trends
- Demand for Tissue-Cultured Industrial & Food Crops
- High Quality of Plant Materials
- Increased Micropropagation of Ornamental & Medicinal Plants
- Demand for Homegrown Produce
- Technological Advances in Micropropagation
- Low-Cost Tissue Culture Options
- Vulnerability to Contamination
- High Cost of Commercial Propagation
- Rivers Biotech
- AgriForest Bio-Technolgies
- Booms Pharm
- Caisson Labs
- Dark Heart Industries
Other Prominent Vendors
- Segra International
- Tissue Grown Corporation
- Knight Hollow Nursery
- Deroose Plants
For more information about this report visit https://www.researchandmarkets.com/r/hjwdtg