Biological Seed Treatment Market Worth $3.59 Billion by 2029
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.
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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 analyses 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.
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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 analyses
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.
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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.
Key Questions Answered in the Report-
·
Which are the high-growth
market segments in terms of type, formulation, application technique, crop
type, function, and region/country?
·
What was the historical market
size for biological seed treatment across the globe?
·
What are the market forecasts
and estimates for 2022–2029?
·
What are the major drivers,
restraints, opportunities, and trends for the global biological seed treatment
market?
·
Who are the major players in
the global biological seed treatment market?
·
How is the competitive
landscape, and who are the market leaders in the global biological seed
treatment market?
·
What are the recent
developments in the global biological seed treatment market?
·
What are the geographical
trends and high-growth regions/countries?
·
Who are the local emerging
players in the global biological seed treatment market, and how do they compete
with the global players?
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