by The plant tissue analysis market encompasses products and services used to analyze plant nutrients and their concentration in plant tissues. Plant tissue analysis helps monitor the nutrient status of crops and helps determine the specific requirements for optimal growth. It helps farmers precisely apply fertilizers and nutrients based on actual crop needs. The Global Plant Tissue Analysis Market is estimated to be valued at US$ 262.89 Billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the plant tissue analysis market are Anhui Jucheng Fine Chemical Co, Ltd. (CJCC)Ashland Inc.BASFKemiraSNF GroupBlack Rose Industries Ltd.Shandong Polymer Bio-Chemicals Co., Ltd.Xitao Polymer Co., Ltd.ZL EOR Chemicals Ltd.Dongying Kechuang Biochemical Industrial Co., Ltd. Key players are focusing on developing innovative testing kits and portable devices for on-field plant tissue analysis to provide real-time results to farmers.
The growing demand for food owing to the rising global population has increased agricultural production. Plant Tissue Analysis Market Trends helps farmers optimize nutrient use and maximize crop yields to meet the growing demand for food. Various government initiatives worldwide also support precision agriculture and efficient fertilizer management through plant tissue testing.
The global expansion of major players in the developing regions of South America, Asia Pacific, and Middle East & Africa through partnerships with local distributors is further driving the plant tissue analysis market. The rising agricultural production and awareness among farmers about soil and plant nutrient management in these regions is expected to contribute to the industry growth during the forecast period.
Market Key Trends
One of the key trends gaining traction in the plant tissue analysis market is the development of rapid on-site testing kits and portable analyzers. Key players are focusing on innovations to provide quicker turnaround time for results and enable on-field testing and analysis. Portable devices integrate technologies like spectroscopy to analyze plant tissues on-site within few minutes and provide immediate prescription for crop nutrient requirements. This allows timely corrections to fertilization programs based on actual plant needs and improves farm productivity.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the Plant Tissue Analysis Market Size And Trends is moderate. New entrants are required to make significant capital investments to establish themselves in the industry which may discourage new players from entering.
Bargaining power of buyers: The bargaining power of buyers in the plant tissue analysis market is moderate. Buyers have several established players to choose from and switching costs are low. However, technical expertise required for precision analysis increases buyer dependence on suppliers.
Bargaining power of suppliers: The bargaining power of suppliers in the plant tissue analysis market is low. The market has several raw material suppliers and product differentiation is low. This reduces suppliers’ control over prices.
Threat of new substitutes: The threat of substitutes in the plant tissue analysis market is low. There are no direct product substitutes for plant tissue analysis available.
Competitive rivalry: The competitive rivalry in the Plant Tissue Analysis Market is high owing to the presence of several international and regional players fighting for market share. Players compete based on product portfolio, geographic presence, and pricing.
Geographical Regions
North America accounts for the largest share of the global plant tissue analysis market owing to increasing demand from agricultural sectors. Technological advancements and focus on innovative solutions also drive adoption.
Asia Pacific is expected to witness the fastest growth during the forecast period. Increasing population and rising demand for food are major factors boosting market growth. Countries like India and China are witnessing rapid expansion of farmlands necessitating stringent quality checks through plant tissue analysis.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
