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Report
Latin America and North America Micropropagation Market- Industry Trends and Forecast to 2031
Market Report I 2024-03-01 I 160 Pages I Data Bridge Market Research
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 lucrative CAGR of 5.5% in the forecast period of 2024 to 2031.
Market Segmentation:
Latin America and North America Micropropagation Market, By 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) - Industry Trends and Forecast to 2031
Drivers
- Development of high yield and resilient plant varieties
- Rising demand for disease-free plants in the horticulture and agriculture sector
Restraints
- High cost of infrastructure and technology
- Genetic uniformity and somaclonal variation concerns
Opportunities
- Advancements in biotechnology and tissue culture techniques
- Rising demand for home laboratories and farming
Market Players:
Some of the major market players operating in the Latin America and North America micropropagation market are:
- Thermo Fisher Scientific Inc.
- Deroose Plants, Agriforest.ca
- Tissue-Grown Corporation
- Galiltec S.A. de C.V.
- Segra International
- Agribiotecnologia de Costa Rica S.A.
- TC Propagation Ltd
- Dark Heart Industries
- PlantMedia
- Plant Cell Technology
- 3R Biotech
- PhytoTech Labs, Inc.
- Caisson Labs Inc.
- Lifeasible
TABLE OF CONTENTS
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 OVERVIEW OF THE NORTH AMERICA AND LATIN AMERICA MICROPROPAGATION MARKET 18
1.4 CURRENCY AND PRICING 19
1.5 LIMITATIONS 19
1.6 MARKETS COVERED 20
2 MARKET SEGMENTATION 22
2.1 MARKETS COVERED 22
2.2 GEOGRAPHICAL SCOPE 23
2.3 YEARS CONSIDERED FOR THE STUDY 23
2.4 DBMR TRIPOD DATA VALIDATION MODEL 24
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 28
2.6 MULTIVARIATE MODELLING 29
2.7 MARKET END-USER COVERAGE GRID 30
2.8 DBMR MARKET POSITION GRID 31
2.9 VENDOR SHARE ANALYSIS 32
2.10 SECONDARY SOURCES 33
2.11 ASSUMPTIONS 33
3 EXECUTIVE SUMMARY 34
4 PREMIUM INSIGHTS 36
4.1 PESTEL ANALYSIS 38
4.1.1 POLITICAL FACTORS 38
4.1.2 ECONOMIC FACTORS 39
4.1.3 SOCIAL FACTORS 39
4.1.4 TECHNOLOGICAL FACTORS 40
4.1.5 ENVIRONMENTAL FACTORS 40
4.1.6 LEGAL FACTORS 40
4.2 PORTER'S FIVE FORCES 41
4.2.1 THREAT OF NEW ENTRANTS 41
4.2.2 THREAT OF SUBSTITUTES 41
4.2.3 CUSTOMER BARGAINING POWER 42
4.2.4 SUPPLIER BARGAINING POWER 42
4.2.5 INTERNAL COMPETITION 42
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4.3 VENDOR SELECTION CRITERIA 43
4.3.1 QUALITY AND CONSISTENCY 43
4.3.2 TECHNICAL EXPERTISE 44
4.3.3 SUPPLY CHAIN RELIABILITY 44
4.3.4 COMPLIANCE AND SUSTAINABILITY 44
4.3.5 COST AND PRICING STRUCTURE 44
4.3.6 FINANCIAL STABILITY 44
4.3.7 FLEXIBILITY AND CUSTOMIZATION 44
4.3.8 RISK MANAGEMENT AND CONTINGENCY PLANS 44
4.4 BRAND ANALYSIS 45
4.5 CONSUMERS BUYING BEHAVIOUR 46
4.5.1 CONSUMER TRENDS AND PREFERENCES 46
4.5.1.1 DIVERSITY OF PLANT VARIETIES 46
4.5.1.2 SUSTAINABLE PRACTICES 46
4.5.1.3 TECHNOLOGICAL INTEGRATION 46
4.5.1.4 CUSTOMIZATION AND TAILORED SOLUTIONS 46
4.5.1.5 QUALITY ASSURANCE AND TESTING PROTOCOLS 46
4.5.1.6 EDUCATION AND TRAINING SUPPORT 46
4.5.1.7 COLLABORATION AND NETWORKING OPPORTUNITIES 47
4.5.2 FACTORS AFFECTING BUYING BEHAVIOR 47
4.5.2.1 QUALITY OF MICROPROPAGATED PLANTS 47
4.5.2.2 COST-EFFICIENCY 47
4.5.2.3 TECHNICAL SUPPORT AND EXPERTISE 47
4.5.2.4 RANGE OF AVAILABLE VARIETIES 47
4.5.2.5 REPUTATION OF SUPPLIERS 47
4.5.2.6 REGULATORY COMPLIANCE AND CERTIFICATION 47
4.5.2.7 SUSTAINABILITY PRACTICES 47
4.5.2.8 TECHNOLOGY ADOPTION AND INNOVATION 48
4.5.3 CONSUMER PRODUCT ADOPTION 48
4.5.3.1 EASE OF INTEGRATION INTO EXISTING PRACTICES 48
4.5.3.2 DEMONSTRATED ECONOMIC BENEFITS 48
4.5.3.3 ACCESSIBILITY OF TECHNOLOGY AND RESOURCES 48
4.5.3.4 SUCCESS STORIES AND CASE STUDIES 48
4.5.3.5 REGULATORY SUPPORT AND GUIDELINES 48
4.5.3.6 EDUCATION AND TRAINING PROGRAMS 48
4.5.3.7 SUPPLIER REPUTATION AND RELIABILITY 49
4.5.3.8 INDUSTRY COLLABORATION AND NETWORKING 49
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4.6 PRICE ANALYSIS 50
4.6.1 PLANT SPECIES COMPLEXITY 50
4.6.2 SCALE OF PRODUCTION 50
4.6.3 GEOGRAPHICAL LOCATION 50
4.6.4 TECHNOLOGICAL ADVANCEMENTS 50
4.6.5 MARKET DEMAND AND COMPETITION 50
4.7 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 51
4.7.1 AUTOMATION AND ROBOTICS 51
4.7.2 BIOREACTOR TECHNOLOGY 51
4.7.3 MOLECULAR TECHNIQUES AND GENETIC MODIFICATION 52
4.7.4 ADVANCED NUTRIENT FORMULATIONS 52
4.7.5 REMOTE MONITORING AND DATA ANALYTICS 52
5 MARKET OVERVIEW 54
5.1 DRIVERS 56
5.1.1 DEVELOPMENT OF HIGH YIELD AND RESILIENT PLANT VARIETIES 56
5.1.2 RISING DEMAND FOR DISEASE-FREE PLANTS IN THE HORTICULTURE & AGRICULTURE SECTOR 56
5.1.3 HUGE DEMAND FOR ORNAMENTAL AND MEDICINAL PLANTS 57
5.1.4 RISING INTEREST IN RARE AND ENDANGERED PLANT CONSERVATION 58
5.2 RESTRAINTS 60
5.2.1 HIGH COST OF INFRASTRUCTURE AND TECHNOLOGY 60
5.2.2 GENETIC UNIFORMITY AND SOMACLONAL VARIATION CONCERNS 60
5.3 OPPORTUNITIES 61
5.3.1 ADVANCEMENTS IN BIOTECHNOLOGY AND TISSUE CULTURE TECHNIQUES 61
5.3.2 DEVELOPMENT OF TRANSGENIC PLANT VARIETIES 62
5.3.3 RISING DEMAND FOR HOME LABORATORIES AND FARMING 63
5.4 CHALLENGES 64
5.4.1 DIFFICULTIES RELATED TO CONTAMINATION CONTROL AND ASEPTIC TECHNIQUES 64
5.4.2 ETHICAL AND REGULATORY ISSUES ASSOCIATED WITH MICROPROPAGATION 64
6 LATIN AMERICA AND NORTH AMERICA MICROPROPAGATION MARKET, BY CROP TYPE 66
6.1 OVERVIEW 67
6.2 ORCHID AND ORNAMENTALS 69
6.3 SMALL FRUITS 71
6.4 VEGETABLES 72
6.5 MEDICINAL PLANTS 72
6.6 BANANA 73
6.7 PISTACHIO 73
6.8 HAZELNUT 73
6.9 OTHERS 73
7 LATIN AMERICA AND NORTH AMERICA MICROPROPAGATION MARKET, BY CONTAINER TYPE 74
7.1 OVERVIEW 75
7.2 PETRI PLATES AND TEST TUBES 77
7.3 PLASTIC CONTAINERS 77
7.4 GLASS BOTTLES 77
8 LATIN AMERICA AND NORTH AMERICA MICROPROPAGATION MARKET, BY END-USER 78
8.1 OVERVIEW 79
8.2 FARMERS 81
8.3 RESEARCH LABS 81
9 LATIN AMERICA AND NORTH AMERICA MICROPROPAGATION MARKET, BY SALES CHANNEL 82
9.1 OVERVIEW 83
9.2 OFFLINE 85
9.3 ONLINE 85
10 LATIN AMERICA AND NORTH AMERICA MICROPROPAGATION MARKET, BY COUNTRY 86
10.1 NORTH AMERICA 86
10.1.1 U.S. 92
10.1.2 CANADA 95
10.1.3 MEXICO 98
10.2 LATIN AMERICA 101
10.2.1 BRAZIL 107
10.2.2 ARGENTINA 110
10.2.3 CHILE 114
10.2.4 COLOMBIA 117
10.2.5 VENEZUELA 121
10.2.6 PERU 125
10.2.7 REST OF LATIN AMERICA 128
11 COMPANY LANDSCAPE 129
11.1 COMPANY SHARE ANALYSIS: EUROPE 129
12 SWOT ANALYSIS 130
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13 COMPANY PROFILES 131
13.1 THERMO FISHER SCIENTIFIC INC. 131
13.1.1 COMPANY SNAPSHOT 131
13.1.2 PRODUCT PORTFOLIO 131
13.1.4 RECENT DEVELOPMENT 133
13.2 DEROOSE PLANTS 134
13.2.1 COMPANY SNAPSHOT 134
13.2.2 PRODUCT PORTFOLIO 134
13.2.3 RECENT DEVELOPMENTS 135
13.3 AGRIFOREST.CA 136
13.3.1 COMPANY SNAPSHOT 136
13.3.2 PRODUCT PORTFOLIO 136
13.3.3 RECENT DEVELOPMENTS 139
13.4 TISSUE-GROWN CORPORATION 140
13.4.1 COMPANY SNAPSHOT 140
13.4.2 PRODUCT PORTFOLIO 140
13.4.3 RECENT DEVELOPMENTS 140
13.5 GALILTEC S.A. DE C.V. 141
13.5.1 COMPANY SNAPSHOT 141
13.5.2 PRODUCT PORTFOLIO 141
13.5.3 RECENT DEVELOPMENTS 141
13.6 3R BIOTECH 142
13.6.1 COMPANY SNAPSHOT 142
13.6.2 PRODUCT PORTFOLIO 142
13.6.3 RECENT DEVELOPMENTS 142
13.7 AGRIBIOTECNOLOGIA DE COSTA RICA S.A. 143
13.7.1 COMPANY SNAPSHOT 143
13.7.2 PRODUCT PORTFOLIO 143
13.7.3 RECENT DEVELOPMENTS 143
13.8 CAISSON LABS INC. 144
13.8.1 COMPANY SNAPSHOT 144
13.8.2 PRODUCT PORTFOLIO 144
13.8.3 RECENT DEVELOPMENTS 144
13.9 DARK HEART INDUSTRIES 145
13.9.1 COMPANY SNAPSHOT 145
13.9.2 PRODUCT PORTFOLIO 145
13.9.3 RECENT DEVELOPMENTS 145
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13.10 LIFEASIBLE 146
13.10.1 COMPANY SNAPSHOT 146
13.10.2 PRODUCT PORTFOLIO 146
13.10.3 RECENT DEVELOPMENTS 147
13.11 PHYTOTECH LABS, INC. 148
13.11.1 COMPANY SNAPSHOT 148
13.11.2 PRODUCT PORTFOLIO 148
13.11.3 RECENT DEVELOPMENTS 149
13.12 PLANT CELL TECHNOLOGY 150
13.12.1 COMPANY SNAPSHOT 150
13.12.2 PRODUCT PORTFOLIO 150
13.12.3 RECENT DEVELOPMENTS 150
13.13 PLANTMEDIA 151
13.13.1 COMPANY SNAPSHOT 151
13.13.2 PRODUCT PORTFOLIO 151
13.13.3 RECENT DEVELOPMENTS 153
13.14 SEGRA INTERNATIONAL 154
13.14.1 COMPANY SNAPSHOT 154
13.14.2 PRODUCT PORTFOLIO 154
13.14.3 RECENT DEVELOPMENTS 155
13.15 TC PROPAGATION LTD 156
13.15.1 COMPANY SNAPSHOT 156
13.15.2 PRODUCT PORTFOLIO 156
13.15.3 RECENT DEVELOPMENTS 156
14 QUESTIONNAIRE 157
15 RELATED REPORTS 160
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