Meticulous Research®—leading global market research company published a research report titled ‘Seed Treatment Machine Market(Coating and Drying) by Type (Drum Coaters, Rotary Drum Dryers, Fluidized Bed Dryers, Rotostat Coaters, Others), Crop Type (Cereals & Grains, Oilseeds, Pulses, Fruits & Vegetables, Other Crops)—Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, in terms of value, the seed treatment machine market (coating and drying) is expected to reach $1.53 Billion by 2029, at a CAGR of 7.2% from 2022 to 2029. In terms of volume, the seed treatment machinery (coating and drying) market is expected to reach 331,357 units by 2029, at a CAGR of 3.6% from 2022 to 2029. The growth of this market is attributed to factors such as the growing focus on seed & worker safety, the rising need to improve crop yield & quality, and advancements in seed treatment (coating and drying) equipment. However, barriers limiting the adoption of advanced seed treatment equipment restrain the growth of this market.
The seed treatment machine market (coating and drying) is segmented based on type (drum coaters, rotary drum dryers, fluidized bed dryers, rotostat coaters, other seed treatment machinery), crop type (cereals & grains, oilseeds, fruits and vegetables, pulses, and other crops), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, in terms of value, in 2022, the drum coaters segment is expected to account for the largest share of the seed treatment machinery (coating and drying) market. Furthermore, in terms of volume, in 2022, the drum coaters segment is expected to account for the largest share of the seed treatment machinery (coating and drying) market. The large market share of this segment is attributed to the benefits offered by drum coaters over other seed coaters, such as low cost, uniform seed coating, user convenience, and enhanced seed quality.
Based on crop type, the pulses segment is expected to register the highest CAGR during the forecast period of 2022 to 2029. The growth of this segment is driven by the rising demand for pulses, the growing consumer awareness about the importance of consuming protein-rich diets, and the increasing demand for plant-based protein products.
Based on geography, in 2022, North America is expected to generate the largest portion of revenue in the seed treatment machinery (coating and drying) market. North America’s large market share is attributed to the high demand for cereal grains, resulting in the subsequent demand for high-quality seeds. In addition, factors such as enhanced agronomic trends that comprise high-quality seed development and government incentives & investment schemes are further expected to boost the demand for seed treatment machinery in North America. However, East Asia is slated to register the highest CAGR during the forecast period of 2022 to 2029.
The seed treatment machinery (coating and drying) market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the seed treatment machinery (coating and drying) market include AKYUREK TECHNOLOGY (Turkey), Alvan Blanch Development Company Ltd (U.K.), Bayer AG (Germany), Bharat Agro-Tech Industries (India), Centor Group (Australia), Cimbria (A part of AGCO Corporation) (Denmark), GRAINTECH (Australia), NoroGard Westrup (Denmark), Oliver Manufacturing CO, Inc. (U.S.), Osaw Agro Industries Pvt. Ltd. (India), PETKUS Technologie GmbH (Germany), RELIANCE AUTOMATION SOLUTIONS (India), SATEC Equipment GmbH (subsidiary of SATEC Handelsgesellschaft mbH) (Germany), Seed Processing Holland B.V. (Netherlands), Synmec International Trading Ltd. (China), and USC, LLC (U.S.).
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