Plant Biotechnology Equipment Market Worth $18.35 Billion by 2025: Grand View Research, Inc.

In transgenic plants, one or more species are introduced in the genome using genetic engineering processes. Inserting a combination of genes in a plant makes it more productive. Transgenic plants are also produced to cater to particular needs of pharmaceutical sector. Advent of various genetic engineering processes is expected to drive the market growth over the forecast period.

Advanced techniques, such as next-generation DNA sequencing, can be availed by breeders to boost the rate of genetic improvement by molecular breeding. Plant cell culture methods can also be used for enhancing food grain quality and for increasing food production. These methods are also useful for postharvest applications of food materials. Plant biotech equipment, such as plant phenotyping equipment, cell culture equipment, and smart farm equipment, can play an instrumental role in these methods.

Advances in biotechnology and rising use of biotech equipment for biofuel production are anticipated to further drive the growth of the plant biotech equipment market over the forecast period. Biofuel is gaining popularity due to rising crude oil prices and uncertainty in fuel supply stemming from depleting natural resources. Biofuel is considered as one of the alternatives to fossil fuels owing to its various benefits.

Biofuel can be produced domestically, can be cheaper than fossil fuels, and is also environment-friendly. Technological challenges associated with biofuel production can be addressed using biotech solutions and equipment, which in turn, is expected to boost the demand for plant biotech equipment over the forecast period.

Browse full research report with TOC on"Plant Biotechnology Equipment Market Size, Share & Trends Analysis Report By Plant Phenotyping, By Plant Genotyping, By Cell Culture, By Smart Farm Equipment, By Region, And Segment Forecasts, 2018 - 2025" at:https://www.grandviewresearch.com/industry-analysis/plant-biotechnology-equipment-market

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Grand View Research has segmented the global plant biotechnology equipment market based on plant phenotyping equipment, plant genotyping equipment, cell culture equipment, smart farm equipment, and region:  

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