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

Plant Tissue Culture Market, By Crop Type (Banana Plants, Floriculture Plants, Wood Producing Plants, Fruit Plants, Vegetable Plants, Ornamental Plants, Aquatic Plants, Others), By Stage (Explant preparation and Inoculation, Multiplication, Hardening), By Application (Research, Agriculture, Horticulture, Biotechnology, Forestry and Botanical Garden, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jun 2024
  • Code : CMI7068
  • Pages :168
  • Formats :
      Excel and PDF
  • Industry : Biotechnology

Plant Tissue Culture Market Size and Trends

Global plant tissue culture market is estimated to be valued at USD 480 Mn in2024 and is expected to reach USD 883 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.1 % from 2024 to 2031.

Plant Tissue Culture Market Key Factors

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The market is expected to witness growth over the forecast period due to factors such as rising demand for transgenic crops and increasing limitations of conventional propagation techniques. There has been growing adoption of plant tissue culture technique among farmers and researchers across various sectors including food production and horticulture due to advantages such as consistency in quality, higher yield, disease resistance and more productive life cycle. The advancements in biotechnological methods further expands the scope of applications for plant tissue culture. Key market players are investing in new technologies to commercialize the mass-scale micropropagation of elite cultivars through this technique.

Advances in plant biotechnology and genetics

Due to advancements in plant biotechnology and genetics, there is now potential to produce disease-resistant and higher yielding crop varieties through plant tissue culture methods. By using cell and tissue culture techniques, desirable traits from elite plant varieties can be isolated and transferred to other varieties through processes such as protoplast fusion and genetic transformation. Researchers are developing innovative methods to genetically modify plant cells to make them resistant to herbicides, insects, fungi, viruses and other stresses. This offer possibilities to customize crop varieties suitable for different agro-climatic conditions. Development of transgenic plants can increase agricultural productivity by reducing yield losses from biotic and abiotic stresses. The ability to reproduce superior varieties of plants at a commercial scale independently of seasons can ensure food security. Plant tissue culture plays a vital role in facilitating plant biotechnology applications and bringing welfare to society through its contributions to agriculture. For instance, on June 10, 2024, the Biotechnology Innovation Organization (BIO) successfully concluded the 2024 BIO International Convention in San Diego, held from June 3-6, 2024. The event brought together 1,400 exhibitors and more than 19,500 attendees from 70 countries for four days of programming aimed at advancing the biotechnology industry. BIO 2024 also set a new record with over 61,000 partnering meetings. The convention highlighted innovative breakthroughs in patient advocacy, policy initiatives, and next-generation biotherapeutics aimed at addressing global challenges.

Plant Tissue Culture Market Concentration By Players

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Advances in plant tissue culture techniques

Improved media formulations, bioreactors, automation and other technologies have enhanced the efficiency and productivity of tissue culture processes. Advent of innovative methods like somatic embryogenesis and synthetic seed production have enabled the mass multiplication and distribution of elite plant varieties. Advancements are enabling both micropropagation and artificial seed production at an industrial scale. Systems developed for large-scale suspension culture of plant cells allow for continuous production of biomass. Temporary immersion bioreactors facilitate plant regeneration from suspension cultures with improved productivity. Implementation of automated controls in bioreactors minimizes manual intervention and increases multiplication rates. Advances in containment and sterilization techniques are helping large scale commercial adoption. Continuous progress in plant tissue culture techniques can drive the market growth as it supports both research applications and commercial scale micropropagation for the horticulture and agriculture industries.

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