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Plant Growth Chambers Market Projected to Reach $485.6 Million by 2022, at a CAGR of 4.0%
Plant Growth Chambers Market by Equipment Type (Reach-in, Walk-in), Application (Short Plants, Tall Plants), End Use (Clinical, Academic), Function (Plant Growth, Environmental Optimization), and Region - Global Forecast to 2022
The report "Plant Growth Chambers Market by Equipment Type (Reach-in, Walk-in), Application (Short Plants, Tall Plants), End Use (Clinical, Academic), Function (Plant Growth, Environmental Optimization), and Region - Global Forecast to 2022", The global plant growth chambers market is estimated at USD 398.2 Million in 2017, and is projected to reach USD 485.6 Million by 2022, at a CAGR of 4.0% during the forecast period. The market is driven by factors such as increase in demand for food. With the rise in population across the globe, the demand for food is also continuously increasing. This is one of the major factors that drive the growth of the plant growth chambers market. According to the National Center for Biotechnology Information (NCBI), the global population is increasing by up to 160 people per minute with more than 90% of them in developing countries.
The years considered for the study are as follows:
- Base year: 2016
- Beginning of projection period: 2017
- End of projection period: 2022
The plant growth segment, by function, accounted for the largest market share in 2016.
The plant growth segment accounted for the largest market share in 2016. The ultimate function of the plant growth chambers is to ensure healthier and appropriate growth of the plants. The right amount of heat and light maintained in the chamber ensure minimal heat radiation that results in the growth of vibrant and healthy plants.
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The clinical research segment, by end use, accounted for the largest market share in 2016.
The clinical research segment, by end use, in the plant growth chambers market accounted for the largest share in 2016. Plant growth chambers designed for clinical research are utilized for several applications from agriculture to pharmaceutical industries. They are basically used for commercial purposes, wherein they provide precise controls of environmental parameters such as temperature, humidity, and light cycle, and the capability via complex programming to regulate these environmental parameters.
The short plant segment, by application, accounted for the largest market share in 2016.
The short plant segment of the plant growth chambers market accounted for the largest market share in 2016. Short plants are herbs which have delicate stems and are branchless. Plant growth chambers are used to maximize the growth area of small plants by incorporating a multi-tier shelf design. The equipment has various features such as low light and uniform control of temperature.
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The European region is projected to grow at the highest CAGR from 2017 to 2022.
The European region is projected to grow at the highest CAGR during the forecast period. The European plant growth chambers market comprises the UK, France, Spain, and Rest of Europe. Germany is estimated to dominate the European plant growth chambers market during the review period. Growth in research & development activities in Germany, such as those that include medical biotechnology and tissue culture for the production of pharmaceuticals, have been prominently driving the growth of the German plant growth chambers market over the past few years.
This report includes a study of various plant growth chambers, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Thermo Fisher (US), Conviron (Canada), CARON (US), Percival Scientific (US), and BINDER (Germany).
The stakeholders for plant growth chambers market are mentioned below:
- Feed manufacturers, suppliers, and processors
- Feeding equipment manufacturers, suppliers, and processors
- Cattle farm owners, feed distributors, importers, and exporters
- Intermediary suppliers
- Feed and feeding equipment governing associations and regulatory authorities of several countries
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