Consumables Segment to Register Fastest CAGR in Plant Tissue Culture Market During 2022-2028

According to our latest study on "Plant Tissue Culture Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, and End User," the market is projected to reach US$ 863.47 million by 2028 from US$ 475.88 million in 2021; it is expected to grow at a CAGR of 8.9% from 2022 to 2028. The report highlights the key factors driving the market and prominent players with their developments in the market.

The plant tissue culture market, based on type, is segmented into instruments, media & reagents, and consumables. The instruments segment is further segmented into incubators, centrifuges, microscopes, sterilizers, and others. The media & reagents segment is further segmented into Murashige and Skoog Medium, Linsmaier and Skoog Medium, and others. The consumables segment is anticipated to register the highest CAGR in the market during the forecast period. Based on application, the plant tissue culture market is segmented into plant research, agriculture, forestry & technical grade, and others. The agriculture segment held the largest market share in 2021, and the plant research segment is anticipated to register the highest CAGR in the market during the forecast period. Based on end user, the plant tissue culture market is segmented into greenhouse, field, and laboratory. The field segment accounted for the largest market share in 2021, and it is also anticipated to register the highest CAGR in the market during the forecast period.

Asia and Africa are the two main continents that majorly consist of developing countries. Plant tissue culture is gaining popularity in this region due to its ability to produce and grow thousands of plants. Following are some of the countries that are using tissue culture technology in the cultivation of plants:

- In Thailand, tissue culture is used to reproduce slow-growing and environment-sensitive orchids. Thailand is the leader in tissue culture in Southeast Asia, producing 50 million plantlets a year. Most of these are orchids, which have helped the country become the biggest exporter of whole and cut orchids in the world.

- Micropagation by shoot culture technique has been developed for the mass propagation of bananas. In the Philippines, this is used as a control approach to viral diseases in bananas, such as: banana bunchy top virus (BBTV) and banana bract mosaic virus (BBrMV), which are commonly spread through propagative materials.

Various developing countries are taking initiatives and investing in plant tissue culture and funding research projects so that they can export the products to new markets. For instance, in 2022, the Ministry of Commerce & Industry of India pushed for increased export of tissue culture plants, offering help to exporters to access new markets. There are also various projects going on in India related to tissue culture which Department of Biotechnology (DBT) funds. For instance, "Chemical profiling of microbes associated with king chilli (Capsicum chinense) with special reference to growth promotion, biocontrol and capsaicinoids production in Northeast Region" is a tissue culture project that is funded by DBT. This increase in investment in tissue culture is creating opportunity for growth of plant tissue culture market.

Plant tissue culture acts as a promising platform for exploring the unlimited potential of a diverse range of medicinal plants. Limited availability of plant with novel medicinal compound has limited the scope of in-vitro culture technologies. The COVID-19 pandemic affected numerous agrosystems and associated livelihoods globally in 2020 and 2021. Lockdown and other social restrictions severely restricted the continuation of plant tissue culture operations. Staffing was reduced to maintain social distancing norms or to protect vulnerable personnel from the infection of SARS-CoV-2. These factors hindered the plant tissue culture market growth during the COVID-19 impact.

Segra International Corp, JRT Nurseries Inc, Thomas Scientific LLC, Sigma-Aldrich Co LLC, HiMedia Laboratories Pvt Ltd, Caisson Labs Inc, Alpha Laboratories Ltd, Becton, Dickinson and Co, AL-Rajhi Tissue Culture Lab, Al Wathba Marionnet LLC are among the leading companies operating in the plant tissue culture market.

Based on geography, the plant tissue culture market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and South & Central America. The market in North America is further segmented into the US, Canada, and Mexico. The European market is subsegmented into France, Germany, the UK, Spain, Italy, and the Rest of Europe. The plant tissue culture market in APAC is segmented into Japan, China, India, Australia, South Korea, and the Rest of APAC. The plant tissue culture market in the MEA is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the MEA. The market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America.

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