PLANT TISSUE CULTURE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The high capital investment requirements can hamper the global plant tissue culture market growth. Establishing advanced tissue culture laboratories and facilities entails huge initial capital expenditures. This includes setting up specialized infrastructure such as sterile tissue culture rooms, laminar airflow cabinets, incubators, refrigerated centrifuges, autoclaves, and various other sophisticated equipment. Procuring and maintaining this high-end equipment requires substantial financial resources. Moreover, specialized skilled workforce such as plant biotechnologists, microbiologists and lab technicians must be recruited and trained, and this increases operating costs. Developing new transgenic plant variants through genetic engineering techniques such as micropropagation increases research and development expenses.

 Market Opportunities: Advancements in micropropagation techniques

Advancements in micropropagation techniques offers opportunities in the global plant tissue culture market. Micropropagation techniques allow for mass multiplication of elite plant varieties in a shorter period of time as compared to traditional propagation methods. This helps in rapidly increasing the production of superior quality planting material of various crops. For example, micropropagation has enabled banana farmers in Southeast Asia to increase their yields. A disease called Fusarium wilt was devastating banana plantations in the region until tissue culture techniques were used to produce disease-resistant varieties at a large scale. According to the data published by the Food and Agriculture Organization (FAO) in 2022, micro propagated banana plantlets helped increase annual banana production by 35-40% in Philippines and Indonesia over the last five years.