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Meticulous Research®—a leading global market research company, published a research report titled “Biological Seed Treatment Market by Type (Microbial {Bacteria}, Biochemical), Formulation (Liquid Formulation), Application Techniques (Seed Coating), Crop Type (Cereals & Grains {Corn, Wheat}, Oilseeds {Cotton}), and Geography - Forecast to 2029.”
According to this latest publication from Meticulous Research®, the biological seed treatment market is expected to record a CAGR of 12.7% from 2022–2029 to reach $3.59 billion by 2029. The growth of this market is mainly driven by the growing organic farming & demand for organic food, growing awareness about environmental safety, increasing investments from leading companies, growing need to increase crop yield and quality, and decreasing agricultural land. However, lack of education & awareness among farmers, the limited shelf life of treated seeds, and financial hurdles for new entrants are expected to hinder the growth of this market to a certain extent. Moreover, the emergence of biodegradable seed coatings is expected to offer significant growth opportunities for players operating in the biological seed treatment market.
The global biological seed treatment market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029. The market is segmented based on type (microbial, biochemical, and other biological seed treatments), formulation (liquid formulation and dry formulation), application techniques (seed coating, seed dressing, and seed pelleting), crop type (cereals & grains, oilseeds, and other crops), function (seed protection and seed enhancement). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, in 2022, the microbial segment is expected to account for the largest share of the global biological seed treatment market. The large share of this market is mainly attributed to the advantage of selectivity; high effectivity; no adverse effects on humans, plants, and animals; and ease of use. Furthermore, its beneficial properties, such as ease of handling, stimulating plant growth, promoting soil biodiversity, and addressing specific issues, such as nitrogen fixation in legumes, are expected to boost the demand for microbial seed treatment in the market. Also, growing awareness about environmental safety and rising government initiatives are expected to offer significant opportunities for microbial seed treatment during the forecast period.
Based on formulation, the dry formulation segment is estimated to witness rapid growth in the global biological seed treatment market during the forecast period. This growth is mainly attributed to the increasing use of dry formulations in seed treatment. Further, the beneficial properties of these products, including ease of use, easy storage, and comparatively lower price, make them suitable for application in developing countries, ultimately boosting their demand in the market.
Based on application technique, in 2022, the seed coating segment is expected to account for the largest share of the overall biological seed treatment market. The large share of this segment is mainly attributed to its broad-spectrum usage on all crop seeds with increasing commercial value by enhancing the appearance of the seeds.
Based on crop type, the oilseeds segment is estimated to witness rapid growth in the global biological seed treatment market during the forecast period of 2022—2029. The growth of this segment is attributed to the increasing oilseed production, growing demand for chemical-free organic oilseeds, growing demand for plant-based food, and the growing number of diseases affecting oilseed crops.
Based on function, in 2022, the seed protection segment is estimated to account for the largest share of the global biological seed treatment market. The large share of this segment is mainly attributed to the higher use of seed treatment products for seed protection due to benefits offered by these products, such as low cost, ease of handling, protection of seeds from insects during storage, prevention against seed diseases, and compatibility with inoculants.
This research report also analyzes major geographies and provides a comprehensive analysis of North America, Europe, East Asia, South & Southeast Asia, Australasia, Latin America, and the Middle East & Africa. The East Asia region is expected to witness rapid growth during the forecast period of 2022—2029. This growth is mainly attributed to factors such as the rising demand and popularity of organic products with growing organic farming, environmental concerns over agrochemical usage, large area under agriculture cultivation, and the growing population in the region, which increases seed treatment application for enhancing crop yield and quality.
Key Players
The key players operating in the global biological seed treatment market are BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland) (a part of China National Chemical Corporation/ChemChina), Corteva Inc. (U.S.), UPL Limited (India), Nufarm Limited (Australia), FMC Corporation (U.S.), Verdesian Life Sciences, LLC (U.S.), Novozymes A/S (Denmark), Valent BioSciences LLC (U.S.), Croda International Plc (U.K.), and Precision Laboratories, LLC (U.S.), among others.
Download Sample Copy Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5338
Key Questions Answered in the Report-
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