NGS in Agrigenomics Market REPORT OVERVIEW
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The global NGS in agrigenomics market size was 1002.1 million in 2021 and is projected to touch USD 1977 million by 2031, exhibiting a CAGR of 6.7% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Next-generation sequencing (NGS) has revolutionized the field of agrigenomics by providing researchers with powerful tools to analyze the genomes of agricultural crops and livestock. Agrigenomics, also known as agricultural genomics, focuses on using genomic information to enhance the productivity, sustainability, and quality of agricultural products.
NGS facilitates the sequencing of entire genomes of crops and livestock. By deciphering the complete DNA sequences, researchers can identify genes responsible for desirable traits, disease resistance, and other important characteristics. This information can be used for breeding programs to develop improved varieties with enhanced traits. NGS has become an indispensable tool in agrigenomics, enabling researchers to unravel the genetic complexities of agricultural organisms and devise strategies for crop improvement, sustainable agriculture, and food security.
COVID-19 IMPACT: Demand for Disease Resistance in Crops to Boost Demand Significantly
COVID-19 had a life changing impact globally. The NGS in agrigenomics market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for NGS in agrigenomics experienced an increased demand.
Many research institutions and laboratories faced restrictions and disruptions due to lockdowns and social distancing measures. This may have affected the progress of ongoing agrigenomics projects, including those involving NGS technologies. The pandemic necessitated a shift in research priorities towards human health and vaccine development. This may have diverted resources and funding away from agrigenomics research, including NGS-based projects.
The pandemic raised awareness about the potential impact of infectious diseases on global food production. As a result, there may be an increased demand for crops with enhanced disease resistance traits. NGS can play a crucial role in identifying genetic markers associated with disease resistance and accelerating the breeding of resistant crop varieties. The market is anticipated to boost the NGS in agrigenomics market share following the pandemic.
LATEST TRENDS
"Integration of NGS into Breeding Programs to Broaden Market Growth"
NGS technologies have continued to advance, resulting in increased sequencing accuracy, higher throughput, and reduced costs. Innovations in sequencing platforms, library preparation methods, and bioinformatics tools have facilitated more efficient and cost-effective analysis of agricultural genomes. They have become an integral part of modern breeding programs in agriculture. The ability to quickly and accurately identify genetic markers associated with desired traits has allowed breeders to implement marker-assisted selection (MAS) strategies more effectively. This integration has accelerated the development of improved crop varieties with enhanced traits.
The analysis of large-scale NGS datasets in agrigenomics has driven advancements in bioinformatics and data analysis tools. Sophisticated algorithms and software platforms have been developed to process, analyze, and interpret the vast amount of genomic data generated by NGS. This has enabled researchers to extract valuable insights and make informed decisions in crop improvement programs. These latest developments are anticipated to boost the NGS in agrigenomics market share.
NGS in Agrigenomics Market SEGMENTATION
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- By Type
Based on type, the market is divided into novaseq, nextseq, sequel and nanopore.
- By Application
Based on application, the market is bifurcated into academic institutes & research centers, hospitals & clinics, pharmaceutical & biotechnology companies and others.
Academic institutes & research centers hold a major share of the market.
DRIVING FACTORS
"Precision Agriculture and Data-Driven Farming to Boost Market Share"
The growing global population and increasing demand for food require the development of improved crop varieties with enhanced traits such as yield, disease resistance, and nutritional quality. NGS enables comprehensive genomic analysis, helping identify genetic variations associated with desirable traits and accelerating breeding programs. The integration of NGS with precision agriculture practices allows farmers to make data-driven decisions for optimized crop management. NGS-based technologies provide insights into genetic variations, plant-microbe interactions, and environmental responses, facilitating tailored agricultural practices and resource management.
"Collaboration between Academia and Industry to Boost Market Size"
Collaboration between academic institutions, research organizations, and agricultural biotechnology companies has accelerated the adoption of NGS in agrigenomics. These collaborations promote knowledge sharing, access to cutting-edge technologies, and the translation of research findings into practical applications. Governments, research institutions, and private companies have been investing significantly in agrigenomics research. This funding has supported the development of NGS technologies, infrastructure, and data analysis capabilities, driving the growth of the market. These factors are anticipated to drive the NGS in agrigenomic market share.
RESTRAINING FACTORS
"Complex Data Analysis and Bioinformatics Challenges to Hamper Market Share"
NGS generates vast amounts of data that require advanced bioinformatics tools and expertise for processing, analysis, and interpretation. The complexity of data analysis and the need for bioinformatics infrastructure can be a challenge for researchers and organizations without dedicated resources or expertise in this area. It generates large volumes of data, which can pose challenges for data management, storage, and analysis. Efficient data storage infrastructure and robust data management solutions are required to handle the increasing amount of genomic data generated by NGS in agrigenomics projects. These factors are anticipated to hinder the NGS in agrigenomic market share.
NGS in Agrigenomics Market REGIONAL INSIGHTS
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"North American Region Dominates the Market"
North America, particularly the United States, has been a significant contributor to the NGS in agrigenomics market. The region has a well-established agricultural sector, advanced research infrastructure, and a strong focus on genomics research. Academic institutions, research organizations, and agricultural biotechnology companies in North America have made significant investments in NGS technologies and agrigenomics research. Europe is the second major shareholder for the NGS in agrigenomic market share.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Illumina [U.S.]
- Agilent Technologies [U.S.]
- Ontario Genomics [Canada]
- Genome Atlantic [Canada]
- LGC [U.K.]
- BGI (formerly known as Beijing Genomics Institute) [China]
- Neogen [U.S.]
- NuGen Technologies [U.S.]
- Eurofins Genomics [Germany]
- Arbor Biosciences [U.S.]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 1002.1 Million in 2021 |
Market Size Value By |
US$ 1977 Million by 2031 |
Growth Rate |
CAGR of 6.7% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the NGS in agrigenomes market expected to touch by 2031?
The global NGS in agrigenomes market is expected to reach USD 1977 million by 2031.
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What CAGR is the NGS in agrigenomes market expected to exhibit by 2031?
The NGS in agrigenomes market is expected to exhibit a CAGR of 6.7% by 2031.
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Which are the driving factors of the NGS in agrigenomes market?
Precision Agriculture and Data-Driven Farming and Collaboration between Academia and Industry are drivers of this NGS in agrigenomes market.
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Which are the top companies operating in the NGS in agrigenomes market?
Illumina, Agilent Technologies, Ontario Genomics, Genome Atlantic, LGC, BGI, Neogen, NuGen Technologies, Eurofins Genomics and Arbor Biosciences are key companies operating in the NGS in agrigenomes market.
