What Has Been the Progress and Growth of the Micropropagation Market in Recent Years?
The micropropagation market has seen considerable growth due to a variety of factors.
• The micropropagation market has grown rapidly in recent years. It will grow from $1.53 billion in 2024 to $1.69 billion in 2025, at a CAGR of 10.5%.
The growth can be linked to the rising demand for disease-free planting materials, conservation of endangered species, crop improvement initiatives, globalization of agriculture, and increased awareness among growers.
What Is The Expected Growth In The Micropropagation Market Size Evolve over the Forecast Period?
The micropropagation market is expected to maintain its strong growth trajectory in upcoming years.
• The micropropagation market is projected to grow quickly, reaching $2.49 billion by 2029 at a CAGR of 10.2%.
Growth is driven by the emergence of new plant varieties, biopharmaceutical production, sustainable agriculture efforts, biofuel production, regulatory support, and intellectual property protection. Major trends include AI and automation integration, expansion into non-traditional crops, digitalization of services, growth of contract services, and vertical integration in value chains.
What Main Forces Are Fueling Expansion In The Micropropagation Market?
The development of horticulture is expected to drive the growth of the micropropagation market. Horticulture, the science of cultivating plants, is expanding due to increasing demand for various crops, sustainable farming practices, and urban green spaces. Micropropagation, which enables the production of disease-free plants with consistent traits, is crucial for maintaining quality and uniformity in crop production and ornamental gardening. The Department for Environment Food and Rural Affairs reported in June 2024 that the value of home-grown vegetables in the UK rose by 10% in 2023, further supporting the micropropagation market.
What Are The Primary Segments In The Global Micropropagation Market?
The micropropagation market covered in this report is segmented –
1) By Crop Types: Banana, Orchids And Ornamentals, Medicinal Plants, Vegetables, Small Fruits, Other Crop Types
2) By Container Type: Test Tubes And Petri Dishes, Glass Bottles, Plastic Containers
3) By Sales Channels: Offline, Online
4) By End User: Farmers, Research Labs, Other End Users
Subsegments:
1) By Banana: Cavendish Banana, Red Banana, Plantains, Other Banana Varieties
2) By Orchids And Ornamentals: Phalaenopsis Orchids, Cattleya Orchids, Dendrobium Orchids, Cymbidium Orchids, Other Orchid Varieties, Gerbera, Chrysanthemums, Roses, Tulips, Lilies, Other Ornamental Flowers
3) By Medicinal Plants: Aloe Vera, Ginseng, Echinacea, Turmeric, Stevia, Lavender, Mint, Cannabis, Basil, Other Herbal And Medicinal Plants
4) By Vegetables: Tomatoes, Peppers, Lettuce, Cucumber, Spinach, Eggplant, Carrots, Kale, Other Leafy And Root Vegetables
5) By Small Fruits: Strawberries, Raspberries, Blueberries, Blackberries, Grapes, Gooseberries, Other Berries
6) By Other Crop Types: Trees And Timber Species, Flowering Plants, Fruits, Nut Crops, Spices, Turfgrass And Lawn Species, Forestry And Agroforestry Crops
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What New Trends Are Influencing The Micropropagation Market?
Leading organisations in the micropropagation market are innovating product offers, introducing propagation systems designed to improve the productivity and efficacy of plant cloning and cultivation. These systems are procedures or strategies deployed to multiply plants from seeds, cuttings, or other plant segments to generate new, genetically identical, or diverse specimens. For example, NuPlant, a biotech firm based in Australia, rolled out SmartClone in January 2023. SmartClone is a sophisticated plant tissue culture propagation system designed to rapidly generate improved plants from breeding plans for various species. The system employs precision robotics to develop robust clones from parent material, with customizable conditions for each growth stage. SmartClone is anticipated to deliver hardier, more uniform plantlets, whilst also minimizing labor and lowering cost per plant.
Who Are the Key Players In The Micropropagation Market?
Major companies operating in the micropropagation market are:
• Iribov BV
• Phytocultures Ltd.
• Deroose Plants Inc.
• Phytelligence Inc.
• Alpha Laboratories Ltd.
• Oglesby Plants International Inc.
• Segra International Corp.
• HiMedia Laboratories LLC
• AgriForest Bio-Technologies Ltd.
• Tissue-Grown Corporation
• Lifeasible
• Agribiotecnología de Costa Rica S.A.
• Caisson Labs Inc.
• Galiltec S.A
• Hartmann's Plant Company
• Knight Hollow Nursery Inc.
• Lowes TC Pty Ltd.
• Mountain Shadow Nursery LLC
• Phytotech Labs Inc.
• Plant Cell Technology Inc.
• PlantMedia
• Rancho Tissue Technologies Inc.
• Xplant Laboratory Inc.
• Dark Heart Industries
What Is The Most Dominant Region In The Micropropagation Market?
Europe was the largest region in the micropropagation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micropropagation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
