February 28, 2024
Plant Tissue Analysis Market

The Global Plant Tissue Analysis Market Is Driven By Increasing Crop Production Demand

Plant tissue analysis refers to the examination of plant samples like leaves, stem or roots to determine sufficiency as well as deficiency of essential nutrients in crops. Plant tissue analysis helps farmers obtain a quick and cost-effective overview of the nutrient status of crops like cereals, fruits and vegetables. The results of plant tissue analysis guides farmers in balanced fertilizer application to maximize crop yields. Insufficient or excessive nutrients in soil can hamper plant growth and reduce agricultural productivity. Plant tissue analysis detects 15 or more macro and micro nutrients that are vital for plant metabolic activities and development. It indicates whether crops have optimum, sufficient or deficient levels of nutrients. Based on the results, farmers can supplement right amounts of fertilizers to fulfill the nutritional requirements of crops.

The global Plant Tissue Analysis Market is estimated to be valued at US$ 262.89 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the plant tissue analysis market is the rising adoption of rapid field-based testing kits. Earlier, plant tissue sampling and analysis was time-consuming as samples had to be sent to labs. However, rapid field test kits now provide on-site results within 15-30 minutes. They are portable, easy-to-use and cost-effective methods to determine plant nutrient levels in the field itself. This enables farmers to take immediate action and supplement deficient nutrients. Another significant trend is the growing popularity of infrared spectroscopy-based plant analysis. Infrared spectroscopy identifies chemical bonds and molecular structure of nutrients in plant tissues. It provides results faster than conventional wet chemistry methods. Infrared spectroscopy combined with multivariate analysis is an advanced technique gaining traction in the plant tissue analysis industry. It can analyze 15-20 elements simultaneously and help farmers optimize fertilization practices.

Porter’s Analysis

Threat of new entrants: The threat is moderate as the plant tissue analysis market requires significant capital investment and technological expertise. However, the market is growing providing opportunities for new entrants.

Bargaining power of buyers: The power is moderate to high as buyers have a wide range of suppliers to choose from. Buyers can negotiate on price and quality.

Bargaining power of suppliers: The power is moderate as major suppliers have established relationships with buyers and contractual agreements. Suppliers also need to meet stringent quality and reliability standards.

Threat of new substitutes: The threat is low as there are limited product substitutes that can provide the same utility as plant tissue analysis solutions.

Competitive rivalry: The competition is high among the top players to gain market share through product differentiation, pricing, and innovative service offerings.

Key Takeaways

The Global Plant Tissue Analysis Market Growth is expected to witness high over the forecast period of 2024 to 2031. The increasing demand for high-quality crops is driving the need for plant tissue analysis. The global Plant Tissue Analysis Market is estimated to be valued at US$ 262.89 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.

Regional analysis: The Asia Pacific region is expected to register the fastest growth during the forecast period supported by the expansion of agriculture industries in major economies like China and India. North America currently dominates the market driven by developed agriculture sector in the US and Canada.

Key players: Key players operating in the plant tissue analysis market are Anhui Jucheng Fine Chemical Co, Ltd. (CJCC), Ashland Inc., BASF SE, Kemira, SNF Group, Black Rose Industries Ltd., Shandong Polymer Bio-Chemicals Co., Ltd., Xitao Polymer Co., Ltd., ZL EOR Chemicals Ltd., and Dongying Kechuang Biochemical Industrial Co., Ltd. Major players are focusing on new product launches and acquisitions to gain a competitive advantage in the market.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it