South Korea Plant Tissue Culture Market Opportunity Analysis, Trends, and Business Strategies

 

Entire plants can be regenerated from small tissues or plant cells in a suitable culture medium in a controlled environment. Plants produced in this way are called tissue-culture raised plants. These seedlings are true copies of the mother plant and show the same characteristics as the mother plant.

Asia-Pacific accounted for the largest share of the plant tissue culture market in 2020 and is expected to maintain its dominance over the forecast period due to rising incidence of diseases such as cancer, increased education, and government investment in tissue culture-based research. Government support, high biopharmaceutical R&D spending and advanced in Asia-Pacific. Large-scale adoption of the technology is one of the key factors driving the growth of the plant tissue culture market in Europe.

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Plant tissue culture is the process of producing plants from desired plant tissue in an artificial nutrient medium in a controlled environment. Plants thus produced are expected to be identical in all respects to the mother plant.

Impact of Covid-19 Pandemic on Plant Tissue Culture Market-

The COVID-19 pandemic has affected numerous agricultural systems and related livelihoods worldwide, with ongoing and knock-on effects expected in the coming months and years. Moreover, the epidemic struck just as the harvest was underway. The impact was felt all along the value chain, from farmers to buyers. However, once the lockdown is lifted, the Covid-19 crisis is expected to have a significant positive impact on the growth of the global plant tissue culture market.

Based on crop type, the floriculture plants segment was the major revenue contributor in 2020 and is expected to remain dominant during the forecast period. By phase, the multiplier segment dominated the market in 2020 and is expected to continue this trend during the forecast period. This is attributed to the increasing adoption of plant tissue culture, as tissues in the multiplicative stage are grown as small plants or plants, from which many micro-sized plants can be obtained.

Based on growth container type, the glass bottles segment was the major revenue contributor in 2020 and is expected to remain dominant during the forecast period. Glass bottles are suitable for tissue culture because their lids seal them off from the outside environment.