Market Overview
The global biological 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 Biological Seed Treatment Market - Competitive Analysis
Highly competitive, 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.
Who are the key market players in the biological seed treatment Market?
Major Players:
Players active in the global biological seed treatment industry 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.
Global Biological Seed Treatment Market – Segments
The analysis is segmented into five market dynamics;
By Type : Microbials and Botanicals
By Crop Type : Fruits Vegetables, Cereals Grain, Oilseeds Pulses, and others.
By Function : Seed Enhancement, Seed Protection, and others.
By Regions : Americas, Europe, Asia-Pacific, Middle East Africa, and Rest-of-the-World.
Global Biological Seed Treatment Market - Regional Analysis
North America 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 biological seed treatment market growth is expected to account for the largest revenue share throughout the assessment period.
Europe accounts 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 Asia Pacific 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 the regional 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 is projected to grow with the highest CAGR during the forecast period.
Industry/ Innovations/ Related News
May 7, 2020 ---- The Institute 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.
This strategic 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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