PLANT TISSUE ANALYSIS MARKET ANALYSIS

Regional Analysis

Global Plant Tissue Analysis Market- Regional Analysis

Among all regions, North America region is expected to dominate the market over the forecast period. This is attributed due to North America holding a 34.6% market share owing to increasing research and development activities by the research organization in the North America region, for the development of crop varieties for African farmers. For instance, in January 2023, a Cambridge University-led project to develop self-fertilizing crops for African farmers became the latest grantee of Bill & Melinda Gates Agricultural Innovations (Gates Ag One). The US$ 35 million grant will support the Engineering Nitrogen Symbiosis for Africa (ENSA) research program over the next five years (2023-2027). The research consortium focuses on improving nutrient uptake by food plants to reduce the need for fertilizer across some of the world's most degraded land.

Europe region is expected to be the second largest region over the forecast period owing to increasing facility expansion by the market players. For instance, in 2022, Eurofins Scientific, laboratory testing service provider, added more than 78,000 m2 of laboratories, offices, and storage spaces through the execution of building projects, building acquisitions, new leases, and site consolidation. Moreover, 76,000 m2 of building area that was already a part of other companies was also added through acquisitions. Consequently, the net floor area of buildings, owned by Eurofins in 2022 increased by 27% from 2021 to reach 490,000 m2 in 2022.