The market is experiencing a rise in its growth of biologically treated seeds varieties, due to its benefits such as improved nutritional quality, high yield, reduced crop damage, and disease resistance. The increasing awareness about seed treatment, environmental concerns and rising demand for organic food production and overall focus on increasing the quality of agricultural produce is boosting the demand of biologically treated seeds.
Biological seed treatment encourages market players to invest a significant amount of their revenue in seed treatment as it ensures the quality of the treated seeds, along with assured high gemination rate. The biological seed treatment reduces the risk of exceeding residue limit in seeds which is a prerequisite for export standards of various European countries. Furthermore, companies are focusing more on bioencapsulation, as it helps in controlling the release of bacteria into the soil, contamination reduction during storage and transport, and protects microorganisms in the soil counter to biotic and abiotic stresses. Moreover, biological seed treatment is a technique which is expected to improve the return on investment. As biological seed treatment performs a vital role in improving the yield and helps in protecting crops from pests.
The global biological seed treatment market has been segmented based on type, crop type, function, and region.
By type, the global biological seed treatment market has been bifurcated as microbials and botanicals.
Based on crop type, the global biological seed treatment market has been segregated as cereals & grain, fruits & vegetables, oilseeds & pulses and others.
On the basis of function, the global biological seed treatment market has been classified as seed protection and seed enhancement.
The North American biological seed treatment market has further been segmented into the US, Canada, and Mexico. The European biological seed treatment market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The biological seed treatment market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The biological seed treatment market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Biological Seed Treatment Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
North America is expected to account for the largest revenue share in the global biological seed treatment market. Asia-Pacific is expected to grow with the highest CAGR during the forecast period due to the presence of several market players in the region and surging agricultural exports. The regions dominance can be attributed to the rising preference of farmers for biologically treated seed varieties opposed to utilizing seeds from the last harvest. In addition, surge in crop production and increasing government initiatives in Europe’s agriculture industry are also driving the region’s market growth.
Global Biological Seed Treatment, by Type
Global Biological Seed Treatment, by Crop Type
Global Biological Seed Treatment, by Function
Global Biological Seed Treatment, by Region
Key Players in the Global Biological Seed Treatment
Based on crop type, the cereals & grains segment and based on function The seed enhancement segment holds the major share the global biological seed treatment market.
Improved returns on investment and increasing awareness regarding the benefits its application, are the major tailwinds pushing the growth of the global biological seed treatment market.
Extra cost and lack of knowledge about the benefits, are major growth impeders for the global biological seed treatment market.
North America holds the largest share in the global biological seed treatment market, followed by Europe and the Asia Pacific, respectively.
BASF SE (Germany), Syngenta AG (Switzerland), Bayer AG (Germany), The Monsanto Company (US), Verdesian Life Sciences, LLC (US), Valent BioSciences LLC (US), Plant Health Care, Inc. (US), Koppert B.V. (Netherlands), Precision Laboratories, LLC (US), and Italpollina spa (Italy), are some of the top players operating in the global biological seed treatment market.