With the exponential growth in the world population and the subsequent rise in the global demand for improvement in crop traits, the need to improve farming productivity by incorporating advanced innovative biological technology has become critical.
The focus on improving the yield and managing the crops from disease and pests effectively is further fueling the study of plant genomes. The study of plant genomics supports growers to manage their crop yield and enhance disease and pest resistance, thereby increasing yield and profitability.
Researchers at Innovative Genomics Institure at UC Berkeley have discovered functionality that can recognize and also neutralize the attack of invasive pathogens on plants. This receptor is known as ROQ1 resistosome. It was further stated by the Institute that these findings are expected to play a pivotal role in prohibiting the spread of disease across several types of plant species and crops.
Growers across the globe have gradually implemented cost-effective biological solutions to achieve proper and full growth of crops and reduce the operational costs. Plant genomics is expected to progress at a healthy rate supported by the ever-growing affinity for safe and nutritional produce.
According to the market intelligence report published by BIS Research, the global plant genomics market is projected to reach $12.26 billion in 2025 from $7.08 billion in 2019. The growth is due to the rising need for improved crop traits due to the rise in government initiatives for research and development across major countries. In addition, the need to increase agricultural production while taking care of the environment by eliminating carbon footprint from traditional agricultural practices have led to increasing adoption of the technologies.
Plant genomics is being rapidly utilized in developed countries and adopted by developing countries as well. The governments of developing countries have introduced favorable initiatives to promote plant genomics as they have realized the need and advantages of the practice to improve crop productivity and reduce crop losses.
Thus, their initiative to promote research and development is expected to further drive the growth of the market. The growth is driven by certain other factors mentioned in the preceding figure. However, certain challenges such as lack of awareness in handling modern plant genomics in developing countries and high initial deployment cost act as challenges for the market.
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