BIS Research - Emerging Technology Market Intelligence

Farmers to Benefit from NGS Technology in Agriculture

Mar 20, 2018 6:25:20 AM / by BIS Research posted in NGS In Agrigenomics Market, NGS In Agrigenomics Market report, 2016-2021, Agriculture & Food Tech, Agrigenomics Market, Global Agrigenomics Market, Global Next Generation Sequencing Market, Global Next Generation Sequencing, Global Next Generation Sequencing Market Share, Global NGS In Agrigenomics Market, global NGS In Agrigenomics Market forecast, global NGS In Agrigenomics Market growth, global NGS In Agrigenomics Market research report, global NGS In Agrigenomics Market share, Global NGS In Agrigenomics Market trend, Market Share Analysis of the Global NGS

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With food security gaining momentum on the global scale, the governments of various countries are promoting the use of technologies like genomics and sequencing in the field of agriculture. The increasing demand for environment-friendly innovative production methods, modernization in the agriculture sector, and high yield of crops have presented new opportunities for further development in the agrigenomics technology. According to the market Intelligence report by BIS Research titled, ‘Global NGS in Agrigenomics Market- Analysis & Forecast (2017-2021)’, the market is expected to reach the value of $ 1.4 billion by the end of 2021, registering a CAGR of 12.5% during the forecast period of 2017-2021. This significant growth is attributed to the increasing demand of genome sequencing products, government investments in NGS technologies, and rising penetration of this technology in crops and livestock. Moreover, advancements in the genomic technology with a variety of post-sequencing analysis techniques and governmental support in the developed countries is further escalating the market for NGS technology.

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