The 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.
Plant growth chambers are designed to provide environmental conditions such as humidity, light, and temperature, which are needed for the optimum growth of plants. Plant growth chambers offer humidity, temperature, and light in a controlled manner and create the desired environment essential for examining the growth of a plant. Apart from environmental optimization, plant growth chambers perform various important functions such as seed germinations and tissue culture.
Globally, increase in demand for food and technological advancements in biological engineering have led to phenomenal growth in the plant growth chambers market in the recent years. Furthermore, growth in trend of sustainable agriculture and declining arable land are expected to create potential opportunities for plant growth chamber manufacturers in the next few years.
The plant growth chambers market has been segmented based on equipment type, which includes reach-in and walk-in chambers. The reach-in segment, by equipment type, is projected to grow at the highest CAGR from 2017 to 2022. Reach-in equipment is capable of simulating temperature and humidity for environmental testing. Growth in demand for these chambers in clinical as well as academic research is also a major factor supporting the growth of the reach-in segment in the global plant growth chambers market.
Based on end use, the plant growth chambers market has been segmented into clinical research and academic research. The clinical research segment is projected to dominate the global plant growth chambers market, and to grow at a relatively higher CAGR during the forecast period. Plant growth chambers in clinical research are 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. Additionally, they are utilized for several applications from agricultural to pharmaceutical industries.
In terms of value, Europe is projected to be the fastest-growing region for the plant growth chambers market during the forecast period as the agricultural sector and pharmaceutical companies as well as R&D organizations are actively adopting plant growth chamber to develop quality products and to bring new innovations in the market in the region.
North America dominated the global plant growth chambers market, and this trend is expected to continue its dominance through the forecast period. Declining arable land area, impact of drought conditions, growth in the usage of plant growth chambers in academic research as well as pharmaceutical industry are some of the important factors that are expected to drive the North American plant growth chambers market growth during the review period.
