Micropropagation transforms agriculture by providing controlled environment, addressing seasonal constraints, and developing resilient plant varieties, while also offering economic benefits for global population growth and climate security is driving the market growth. Micropropagation, through its symbiotic relationship, is transforming agriculture, horticulture, and forestry by efficiently propagating plants with desired traits, thereby addressing global food production, sustainability, and biodiversity conservation challenges is expected to provide opportunities for the market growth.
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Data Bridge Market Research analyses that the Latin America and North America Micropropagation Market is expected to reach USD 6.28 billion by 2031 from USD 4.11 billion in 2023, growing at a CAGR of 5.5%in the forecast period of 2024 to 2031.
Key Findings of the Study
Development of High Yield and Resilient Plant Varieties
Micropropagation offers a controlled and sterile environment, mitigating the risks associated with pests, diseases, and environmental conditions that often limit traditional cultivation methods. This precision in plant reproduction allows for the mass production of crops with desirable traits, ensuring consistency in yield quality and quantity.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Crop Type (Orchid and Ornamentals, Small Fruits, Vegetables, Medicinal Plants, Banana, Pistachio, Hazelnut, and Others), Container Type (Petri Plates and Test Tubes, Plastic Containers, and Glass Bottles), End-User (Farmers and Research Labs), Sales Channel (Offline and Online)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Chile, Colombia, Venezuela, Peru, and Rest of Latin America
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), Deroose Plants (U.S.), Agriforest.ca (Canada), Tissue-Grown Corporation (U.S.), Galiltec S.A. de C.V.(Honduras), Segra International. (Canada), Agribiotecnología de Costa Rica S.A. (Costa Rica), TC Propagation Ltd(Ireland), Dark Heart Industries (Canada), PlantMedia.(U.S.), Plant Cell Technology. (U.S.), 3R Biotech(Canada), PhytoTech Labs (U.S.), Inc., Caisson Labs Inc (U.S.)., and Lifeasible (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
Latin America and North America micropropagation market is segmented into four notable segments which are based on crop type, container type, end-user, and sales channel.
- On the basis of crop type, the market is segmented into orchid and ornamentals, small fruits, vegetables, medicinal plants, banana, pistachio, hazelnut, and others
In 2024, the orchid and ornamentals segment is expected to dominate the Latin America and North America Micropropagation Market
In 2024, the orchid and ornamentals segment is expected to dominate the market with a market share of 49.92% because micropropagation offers a reliable and scalable technique to mass-produce orchids and ornamental plants with desirable traits.
- On the basis of container type, the market is segmented into petri plates and test tubes, plastic containers, and glass bottles
In 2024, the petri plates and test tubes segment is expected to dominate the Latin America and North America Micropropagation Market
In 2024, the petri plates and test tubes segment is expected to dominate the market with a market share of 48.76% because these vessels provide a controlled environment for cultivating plant tissues, ensuring successful micropropagation.
- On the basis of end-user, the market is segmented into farmers and research labs. In 2024, the farmers segment is expected to dominate the market with a market share of 72.96%
- On the basis of sales channel, the market is segmented into offline and online. In 2024, the offline segment is expected to dominate the market with a market share of 87.89%
Major Players
Thermo Fisher Scientific Inc. (U.S.), Deroose Plants (U.S.), Agriforest.ca (Canada), Tissue-Grown Corporation (U.S.), and Galiltec S.A. de C.V (Honduras) as major market players in this market.
Recent Developments
- In June 2023, Lifeasible participated in the Invitro Biology Meeting, held from June 10-14 at Hilton Norfolk The Main in Norfolk, VA. The event, organized by SIVB, provided a platform for experts in plant and animal in vitro biology and biotechnology to exchange knowledge and explore collaborations. Lifeasible displayed its services and products focused on agricultural sciences, offering solutions for food, feed, and environmental research. Attendees had the opportunity to engage with Lifeasible's experts at their booth to discuss how the company could support plant research endeavors. This will help the company to gain popularity among the market players by showcasing their expertise, product portfolio and technological advancements
- In June 2023, Segra International announced exclusive global distribution agreements with Grounded Genetics and The Holding Company. The partnership will provide access to a diverse collection of proven, award-winning, and unreleased genetics for Canadian and international markets. In addition, collaboration with both groups will allow for custom phenotype selection and breeding projects, enhancing the cannabis cultivation experience. The partnership helps the company to enhance its expertise in cannabis tissue culture and molecular biology to ensure clean, safe, innovative genetic offerings, and to maintain sustainability standards
- In March 2023, Segra International unveiled its 2023 "Growers Collection" Cultivar Catalogue, featuring over 25 cannabis varieties, including 12 new ones tailored for the global cannabis market. Following a meticulous 2022 trial of 19 tissue culture cultivars, Segra applied DNA fingerprinting and pathogen testing to select high-quality options. This expansion of product portfolio will help the company to gain the attention of the various consumers and to increase their market scope
- In September 2022, Thermo Fisher introduces the DynaSpin Single-Use Centrifuge system, catering to large-scale cell culture harvesting. Unveiled at the BioProcess International conference, the system optimizes single-use bioprocesses by reducing depth filtration cartridges, enhancing operational efficiency, and ensuring sustainable practices in biologics production. The DynaSpin solution maintains or improves product yield compared to traditional systems, contributing to cost savings and supporting manufacturers' sustainability goals. With a six-fold reduction in material requirements, it minimizes waste by 70% in harvesting, offering benefits such as scalability, quick changeovers, and reduced contamination risk
Regional Analysis
Geographically, the countries covered in the Latin America and North America micropropagation market are U.S., Canada, Mexico, Brazil, Argentina, Chile, Colombia, Venezuela, Peru, and rest of Latin America.
As per Data Bridge Market Research analysis:
North America is expected to dominate and be the fastest growing region in Latin America and North America Micropropagation Market
North America is expected to dominate and be the fastest growing region in the Latin America and North America micropropagation market due to the presence of a large number of major players in the region and the increase in initiatives such as acquisitions, collaborations, and product launches by manufacturers to distribute their products efficiently to the consumer.
For more detailed information about the Latin America and North America Micropropagation Market report, click here – https://www.databridgemarketresearch.com/reports/latin-america-and-north-america-micropropagation-market
