As per research conducted by Allied Market Research, the global plant tissue culture market generated $382.30 million in 2020, and is expected to reach $895.00 million by 2030, exhibiting a CAGR of 8.5% from 2021 to 2030. The report offers an extensive analysis of changing market trends, top segments, major investment pockets, regional scenarios, value chain, and competitive landscape.
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How Big is Plant Tissue Culture Market?
North America is expected to register highest CAGR from 2021 to 2030, owing to surge in awareness related to use of plant tissue culture technique. The presence of a large number of global players in this region is another key factor contributing to the large share of this market segment. Furthermore, focus of leading manufacturers on expanding their geographical presence in the emerging North America countries to capture high market share is expected to drive the growth of the plant tissue culture market in the region.
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Impact of COVID-19 on the Plant Tissue Culture Market-
- The COVID-19 pandemic has affected agro systems and livelihoods across the world due to lockdowns, unemployment and travel restrictions.
- The disease started in the market after the harvest started. This has affected the prices, from the farmer to the buyer.
- Many workers have returned home due to uncertain working conditions and the lockdown, causing huge losses on the ground.
- Lack of work has also hindered the production of millions of germ-free tissue culture plants. Transportation restrictions have hindered the delivery of crops, putting next year’s harvest at risk.
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market.
On the basis of sales channel, the direct sales segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. There are various advantages of direct sales such as high-profit margin for both parent companies and sellers, no expense of store maintenance, and others is driving the growth of the market.
Some of the Top Players in the Global Market Are:
- Alpha Laboratories
- Phytoclone Inc
- 3 Rivers Biotech
- AgriForest Bio-Technologies
- Caisson Laboratories, Inc.
- AgriStarts
- Dark Heart Nursery
- DP-Deroose Plants
- Himedia Laboratories
- IribovSBW
- Labland Biotech Private Limited
- Lifesible
- Knight Hollow Nursery
- Merck KGaA
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.