The global market for plant growth chambers market was large in 2020 and is expected to see rapid revenue growth between 2021 and 2028 due to high demand for sustainable farming practices and a growing global population. Plant growth chambers are specialized environmental test chambers designed for plant growth experiments in a laboratory setting. The atmospheric conditions within these chambers can fuel effective plant growth and germination. Key factors driving growth of the global plant growth chamber market are higher demand for food with limited farmland, increasing population, surging commercial harvest, and the introduction of new plant growth chambers with reduced operating costs. However, high maintenance and operation costs and strict governmental regulations on genetically modified crops may hinder market growth. Key companies operating in the plant growth chamber market are investing in research and development activities, and increased collaboration between manufacturers and research organizations and the emergence of technologically advanced cameras that can control temperature are expected to drive growth in the market.
Based on equipment type, the plant growth chamber market is segmented into walk-in and reach-in, with the reach-in segment expected to account for a large market share and showcase healthy growth rate during the forecast period. Based on applications, the plant growth chamber market is segmented into tall plants, short plants, and others, with the short plants segment dominating the market in terms of share in 2020 and expected to retain its position during the forecast period.
North America holds the largest market share in terms of revenue due to a reduction of arable land area, and Europe is expected to lead in terms of revenue CAGR due to increasing research and development activities in agriculture and growth of the culture and biotechnology sector. Major companies profiled in the report include BINDER, Conviron, CARON, Percival Scientific, Schunk-Group, Snijders Labs, Panasonic Biomedical, EGC, CLF Plant Climatics, Thermo Fisher, and Hettich Benelux. The report offers historical data points and forecasts and revenue growth at a global, regional, and country level, analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. Additionally, the report provides industry analysis and competitive landscape, company financials, and impact analysis.
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Plant Growth Chamber Market: Drive factors
The global plant growth chamber market is expected to experience a rapidly inclining revenue CAGR between 2021 and 2028. Several factors are responsible for driving the growth of this market, including a high demand for sustainable cultured practices, surging population across the globe, and state government agencies taking initiatives to improve the research scenario regarding agriculture and providing funds to laboratories to perform research activities.
Other major factors driving growth in the global plant growth chamber market include a higher demand for food with limited farmland, increasing population, surging commercial harvest, and the introduction of new plant growth chambers with reduced operating costs from producers. Additionally, collaboration between producers and government agencies for developing effective plant growth chambers is set to stimulate market growth.
However, high maintenance and operation costs can negatively affect sales of plant growth chambers. Furthermore, government agencies of various countries across the globe are implementing strict norms on the cultivation of genetically modified crops, which may restrain growth of the global plant growth chamber market.
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