Agrigenomics Sequencer Market Forecasts to 2030 – Global Analysis By Type (SOLiD Sequencer, PacBio Sequencer, Sanger Sequencer and Other Types), Application and By Geography

Agrigenomics Sequencer Market Forecasts to 2030 – Global Analysis By Type (SOLiD Sequencer, PacBio Sequencer, Sanger Sequencer and Other Types), Application and By Geography

According to Stratistics MRC, the Global Agrigenomics Sequencer Market is expected to grow at a CAGR of 11.9% during the forecast period. A DNA sequencing device specifically created and employed for investigating the genomes of agricultural crops and livestock is referred to as an agrigenomics sequencer, also known as an agricultural genomics sequencer or crop genomics sequencer. It is a cutting-edge technology that enables academics and researchers to examine and comprehend the genetic composition and characteristics of several agricultural creatures, including crops, domesticated animals, and other agricultural species.

Market Dynamics

Driver

Growing need for genomic information in agriculture and government funding and support

A major motivator for agrigenomics sequencers is the need for finished genomic data in agriculture to support crop development, disease resistance, and livestock breeding initiatives. Understanding the genetic basis of desired features and creating superior agricultural varieties depend heavily on genomic data. Additionally, governments from across the world are starting to understand how crucial agrigenomics research is to solving the problems of food security and sustainable agriculture. The market for agrigenomics sequencers is being stimulated by the funding assistance, research initiatives, and policies that have been put in place to support the implementation of genomic technology in agriculture.

Restraint

Sequencing costs

Even though the cost of sequencing has considerably decreased over time, smaller businesses and agricultural research institutions may still need to make a sizable investment. The initial capital outlay, together with continuous expenses for sample preparation, sequencing reagents, and data processing, can prevent agrigenomics sequencers from being widely used.

Opportunity

Technologies for genomics and growing demand in precision agriculture

Sequencing has grown quicker, more precise, and more affordable due to ongoing improvements in genomics technology, like next-generation sequencing (NGS). As a result, agrigenomics sequencers are more widely used in agricultural research and breeding operations. Additionally, in order to make data-driven decisions, precision agriculture uses genomic information to optimize agricultural methods. Precision agriculture techniques can be implemented using agrigenomics sequencers, which has raised demand for these tools.

Threat

Limited infrastructure, expertise and regulatory and ethical considerations

Some areas, particularly those in developing nations, lack the infrastructure and knowledge required to enable agrigenomics research. The deployment of agrigenomics sequencers in such locations may be hampered by a lack of access to sequencing facilities, skilled labor, and bioinformatics resources. However, in terms of genetically modified organisms (GMOs) and gene editing techniques in particular, the application of genomics technologies in agriculture presents ethical and regulatory concerns. The use of agrigenomics sequencers may be impacted by strict laws and public concerns over genetically engineered plants and animals.

Covid-19 Impact

The epidemic revealed the significance of a secure food supply and sustainable agriculture. In order to create resilient crops and enhance agricultural practices, agricultural genomics research has received increasing attention. The demand for agrigenomics sequencers has been fueled by this increased emphasis on genomics. The manufacture and distribution of sequencing tools and reagents for the worldwide agrigenomics sequencer market is handled via a complex supply chain. Agrigenomics sequencer manufacture and delivery were delayed as a result of the pandemic's disruption of supply chains, which included manufacturing facilities, the availability of raw materials, and logistics.

The SOLiD sequencer segment is expected to be the largest during the forecast period

SOLiD Sequencer segment commanded the largest share over the forecast period. For researching genetic changes and locating single nucleotide polymorphisms (SNPs) in agricultural genomes, SOLiD sequencing technology has a reputation for excellent sequencing accuracy. This precision demonstrated useful for researching complicated traits and running comparative genomics analyses.

The livestock segment is expected to have the highest CAGR during the forecast period

Livestock segment is estimated to witness lucrative growth during the projection period. As programs for improving and raising animals make substantial use of genomic technologies, the livestock sector is important to the market for agrigenomics sequencers. Additionally, genomic information from livestock species is obtained using agrigenomics sequencers, allowing researchers and breeders to make educated decisions about breeding practices, disease resistance, and productivity improvement.

Region with largest share

Asia Pacific region commanded the largest share over the prediction period. An expansive and diverse agricultural sector exists in the Asia-Pacific region, where farmers work to increase productivity and sustainability. By making it possible to identify genetic features linked to increased crop yields, disease resistance, and environmental adaptation, genomic technologies, notably agrigenomics sequencers, play a critical role in accomplishing these goals. The desire to address issues with food security and improve agricultural practices is driving the need for agrigenomics sequencers in the region.

Region with highest CAGR

Asia Pacific region is estimated to witness lucrative growth in the market. In the Asia-Pacific area, understanding of and use of genomic technology in agriculture have been continuously rising. The potential of genomics to increase crop and livestock output is being acknowledged by governments, academic institutions, and agricultural organizations. This understanding has resulted in expenditures in R&D, infrastructure development, and the purchase of agrigenomics sequencers to support breeding and genomics programs.

Key players in the market

Some of the key players in Agrigenomics Sequencer Market include Agilent Technologies, CEN4GEN Institute, Edico Genome, Eurofins, Illumina, LGC Limited, Neogen Corporation, NuGEN Technologies, Pacific Biosciences, SciGenom, Thermo Fisher Scientific, UD-GenoMed Limited and Zoetis.

Key Developments

In August 2023, Neogen Corporation has launched Igenity Enhanced Dairy, a new and progressive genomic data management tool. The platform delivers a genomic evaluation of dairy cattle by integrating in-herd phenotypic data, pedigree information, and existing predicted transmitting abilities from the Council on Dairy Cattle Breeding (CDCB).

Types Covered
• SOLiD Sequencer
• PacBio Sequencer
• Sanger Sequencer
• Other Types

Applications Covered
• Livestock
• Crops
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements