It looks like scientific output in photosynthesis research has peaked. See the graph below that shows the number of papers found for each keyword per year. The trend is clear:
In the years 2000 and 2001 there was a big rise in the number of publications on "photosynthesis" and "cyanobacteria"... and then it kept increasing non-stop. There is a tiny slow-down around the 2008 economic crisis, but since 2015/2016 the output reached plateau.
Is this reflecting the economy?
I don't think it is just photosynthesis research. Have a look at this, using "mice", "cancer", and "neuron" as search queries:
You can see similar trends... What does this mean? Have we reached the maximum capacity of our intellectual potential as humans?
Well, I do not think so... while the number of PhD graduates and postdocs has increased massively the number of tenure-track positions at universities and other academic institutions has not change at all for decades. So, I don't think it has anything to do with capacity for output, but a reflection of the amount of cash that is invested in research.
It is a problematic trend, however, if one is counting with scientific innovations to overcome the greatest challenge we have ever faced: climate change!
Let me know what you think.