Market Overview
The globalbiological seed treatment market is rising continually over the past few years.
The market growth attributes to the increasing awareness of the benefits of
organic farming and natural agricultural products. Besides, factors such as the
favorable outcomes of using biological seed treatment products, such as improved
nutritional quality in crops, increased yield production, reduced crop damage,
and disease resistance, drive the market growth.
Moreover,increasing awareness about seed treatment benefits and environmental concerns,
escalate the market demand to furthered height. According to Market Research
Future (MRFR), the global biological seed treatment market is expected to
garner exponential traction by 2023, growing at an impressive CAGR throughout
the forecast period (2018-2023). Increasing consumption of biological seed
treatment products drives the market growth, predominantly.
Additionally,the overall focus on increasing the quality of agricultural produce is boosting
the demand for biologically treated seeds. Biological seed treatment products
are considered comparatively safer than synthetic agrochemicals, as they are
derived from natural sources and do not leave residues on the crops. As a
result, biological seed treatment products are increasingly used in farming to
increase crop production.
Global BiologicalSeed Treatment Market - Competitive Analysis
Highlycompetitive, the biological seed treatment market appears fragmented due to the
presence of several well-established players. To gain a larger competitive
share, innovation, mergers & acquisitions, and brand reinforcement remain
key trends for industry leaders. Manufacturers strive to develop biological
seed treatment designed to reduce the downtime, lower total costs, and offer
longer shelf life to its end-use products. Due to the expected product
extensions and product innovations, the market would witness a fierce
competition in the future.
MajorPlayers:
Playersactive in the global biological seed treatment market include BASF SE
(Germany), Bayer AG (Germany), Syngenta AG (Switzerland), The Monsanto Company
(US), Valent BioSciences LLC (US), Verdesian Life Sciences, LLC (US), Plant
Health Care, Inc. (US), Precision Laboratories, LLC (US), Koppert BV
(Netherlands), and Italpollina spa (Italy), among others.
GlobalBiological Seed Treatment Market – Segments
Theanalysis is segmented into five market dynamics;
ByType : Microbials and Botanicals
ByCrop Type : Fruits & Vegetables, Cereals & Grain,Oilseeds & Pulses, and others.
ByFunction : Seed Enhancement, Seed Protection,and others.
By Regions : Americas, Europe, Asia-Pacific,Middle East & Africa, and Rest-of-the-World.
GlobalBiological Seed Treatment Market - Regional Analysis
NorthAmerica dominates the global biological seed treatment market. The largest biological
seed treatment market share attributes to the growing adoption of organic
farming in the country and increased market demand in the region. Moreover,
factors such as the large production and consumption of agricultural
biostimulants and higher inclination towards biological seed treatment
procedures in the region drive the market growth. The North American biologicalseed treatment market growth is expected to account for the largest revenueshare throughout the assessment period.
Europeaccounts for the second-largest share in the global biological seed treatment
market. The market increase is attributed to the high demand for biological
seed treatment products to improve the quality and quantity of crops in the
region. Also, the high adoption of biological seed treatment processes boosts
regional market growth. Additionally, the rising demand for biostimulants is
expected to foster the growth of the market. The European biological seed
treatment market is estimated to register fabulous growth accruals over the
assessment period.
The AsiaPacific biological seed treatment market size assures promising growth. Factors
such as the strong presence of several market players and surging agricultural
exports in the region drive market growth. Moreover, the rising preference of
farmers for biologically treated seed varieties, rise in crop production, and
increasing government initiatives propel the regional market growth.
Additionally, increasing production and consumption of organic produce in
countries such as Japan, China, and India substantiate the regional market
growth.
Moreover,spreading awareness for the benefits of the biological seed treatment process fosters the growth of theregional market. Furthermore, the presence of several market players, alongside
the upcoming research activities to bring about value-added agricultural
products stimulates the growth of the regional market. The APAC biological seed treatment isprojected to grow with the highest CAGR during the forecast period.
Industry/Innovations/ Related News
May 7,2020 ---- TheInstitute for Advanced Learning and Research (IALR), the US and LiveGrow Bio
(the US), a patented biopesticide & biostimulant manufacturing &
formulation platform, announced their partnership. These partners would work
together to develop microbial biostimulant and biocontrol solutions for growers
and the agriculture industry. Post to successful testing, new products could
enter commercial production on an accelerated timeline, offering growers natural,
healthy alternatives to chemical fertilizers & pesticides.
Thisstrategic partnership would help in the development of natural alternatives for
chemical fertilizers and pesticides. The collaboration represents the next step
of IALR in taking its endophytes to market and would benefit farmers across the
region & beyond ultimately.
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