Market Analysis for Plant Genomics

The scope of plant genomics has shifted from a simple molecular database collection through sequencing to a more advanced understanding of DNA functions and effects through the methylation process. The application of these technologies in the field of agriculture is projected to improve global food security. Since the last decade, research in plant genomics has gained momentum, with the development and commercialization of important technologies such as microarrays, quantitative polymerase chain reaction (PCRs), and deoxyribonucleic acid (DNA) sequencing technologies such as nanopore sequencing, next-generation sequencing, Illumina HiSeq, and PacBiosequencing. Growth of research in plant genomics requires the support of government authorities and private investment firms, to increase the potential prospects of utilizing genetic information.
The environmental effects of using agrochemicals, the need for environment-friendly & innovative production methods, the advent of agricultural modernization, and the demand for a better value for crops have increased the possibilities of new avenues for the agricultural community. The application of biotechnological methods in plant genomics effectively reduces the time taken to study the plant gene processes. It also helps in discovering more information about the function of the gene of interest. With the declining cost of genetic services in all industries, the use of plant genomic techniques is expected to grow, which is, in turn, projected to drive the global market. The key drivers of this industry include the need for technological advancements; a rise in demand for improved crop varieties; cost-effectiveness of genomics; and rise in plant genome funding, which is fueling the adoption of innovative technologies, ensuring strong market growth for plant genomics.