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How has the micropropagation market grown over the years?

There has been a significant expansion in the micropropagation market in the past few years. This market is projected to swell from $1.53 billion in 2024 to $1.69 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%. Factors driving the growth during the historic period include the need for disease-free planting materials, preservation of threatened species, enhancement initiatives for crops, the internationalization of agriculture, and heightened awareness among farmers.

What Is the forecasted market size and growth rate for the micropropagation market?

The market size of micropropagation is projected to experience a swift expansion in the upcoming years, escalating to a value of $2.49 billion by 2029 with a compound annual growth rate (CAGR) of 10.2%. The surge forecasted for this period can be credited to factors such as the introduction of new plant types, the rise in biopharmaceutical production, a heightened commitment to sustainable farming methods, and the growth of biofuel and biomass production. Regulatory backing and intellectual property rights also play a crucial role. Key trends for this forecast period consist of the growing incorporation of artificial intelligence (AI) and automated technologies, the foray into cultivating non-traditional crops, the move to digitize micropropagation services, the growth of contract micropropagation services, and the vertical integration in value chains.

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What are the major factors driving growth in the micropropagation market?

The advancement of horticulture is projected to spur the expansion of the micropropagation market. Understood as the science and practice of plant cultivation for food, medicinal purposes, decoration or pure enjoyment, the evolution of horticulture is fueled by the escalating demand for a variety of crops, enduring farming methods, urban greenery, and floral plants. Factors such as population increase, environmental considerations, and aesthetic choices are propelling this development. To cater to the needs of horticulture, micropropagation is crucial as it allows for the efficient production of large volumes of plants free from diseases and with specific traits, assuring constancy in quality and genetic uniformity in crop production, decorative gardening, and conservation programs. For instance, as per a report by the Department for Environment Food and Rural Affairs, a ministerial department in the UK, it was found that in June 2024, the worth of domestically grown vegetables escalated by 10% to nearly £1.9 billion ($2.03 billion) in 2023. The value of field vegetables showed an increase of 12%, standing at £1.5 billion ($1.60 billion), and the value of protected vegetables experienced a rise of 3.7%, amounting to £374 million ($399 million). Thus, the advancement of horticulture is catalyzing the expansion of the micropropagation market.

What key areas define the segmentation of 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 are the top market players propelling the growth of the micropropagation industry?

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 key trends are currently impacting the micropropagation market’s development?

Leading companies in the micropropagation market are advancing their service offerings through innovative products including propagation systems, aimed at improving efficiency and efficacy of plant cloning and cultivation. Propagation systems involve methodologies utilized for propagating plants from various sources such as seeds, cuttings, among other plant parts, thus producing genetically identical or diverse new plants. For example, NuPlant, a biotech firm based in Australia, introduced SmartClone in January 2023. SmartClone is a state-of-the-art plant tissue culture propagation system, designed to rapidly generate superior plants from diversified breeding programs. This system incorporates precision robotics in developing robust clones from parent materials and it allows for conditions to be adjusted for every growth stage. SmartClone promises to produce more sturdy and consistent plantlets, while also minimizing labor and potentially reducing cost per plant.

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What regions are dominating the micropropagation market growth?

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.

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