Increasing Demand for Food and Technological Advancements in Biological Engineering Driving the Plant Growth Chambers Market

Posted on 2021-01-29 by MarketsandMarkets in Agriculture // 0 Comments

The plant growth chambers market is projected to reach USD 485.6 Million by 2022 from USD 398.2 Million in 2017, growing at a CAGR of 4.0% during the forecast period. Increase in demand for food and technological advancements in biological engineering are some of the major factors that are expected to drive the demand for plant growth chambers.

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Based on application, the market has been segmented into short plants, tall plants, and others (seeds and tissue culture). The short plants segment dominated the global market for plant growth chambers, and this trend is expected to continue through the forecast period. Various advantages such as maximum utilization of growth area and features such as low light and uniform control of temperature are anticipated to drive the demand for plant growth chambers for short plants.

By function, the market has been segmented into plant growth, seed germination, environmental optimization, and tissue culture. The plant growth segment dominated the global plant growth chamber market with a majority of the share. It is further projected to grow at the highest CAGR during the forecast period. Growth in demand for agriculture products and advantages offered by plant growth chambers such as prevention from fungal or bacterial contamination are some of the vital factors that are expected to drive this segment in the next few years.

North America is estimated to hold the largest share in the global market, in terms of value, in 2017, owing to the declining arable land area which has spurred the demand for plant growth chambers in the US. These chambers are significantly utilized in the region to avoid the disturbances in the continuous supply of food and to develop innovative and quality plants that are free of diseases. The presence of major companies such as Thermo Fisher, Caron, and Conviron is majorly contributing to the growth of the market in this region.

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The key players in global market include Thermo Fisher(US), CARON(US), Conviron (Canada), Percival Scientific (US), BINDER (Germany), Weiss Technik (Germany), Saveer Biotech (India), Arlab (Portugal), Hettich Benelux (Netherlands), Freezers India, BRS bvba (Belgium), and Darwin Chambers (US).

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