Market Overview
Global Biological Seed Treatment Market is growing exponentially. There is a rise in varieties of biologically treated seeds due to increasing advancements in agricultural chemical technologies. Owing to their benefits, such as improved nutritional quality, high yield, reduced crop damage, and disease resistance, biologically treated seeds are garnering huge market prominence.
As a result of this, the biological seed treatment market is witnessing huge demand and sales. According to Market Research Future (MRFR), the global biological seed treatment market is estimated to create colossal valuation by 2023. In its recent market analysis, MRFR also asserts that the market would register a significant CAGR throughout the forecast period (2018–2023).
The increasing awareness about the benefits of biologically treated seeds among farmers, alongside the overall focus on increasing the quality of agricultural products, drives the growth of the market. Besides, rising demand for efficient agrarian adjuvants is another major driving force behind the biological seed treatment market. Additionally, growing environmental concerns and the proliferation of organic food production are boosting the demand for biologically treated seeds.
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Competitive Landscape
Fiercely competitive, the biological seed treatment market appears to be fragmented, with many large and small-scale players forming a competitive landscape. To gain a larger market share, players incorporate strategies like mergers & acquisitions, expansion, collaboration, and product/technology launch. They acquire small yet promising companies to expand their footprints in the agricultural economy of the growing market. This, as a result, challenges the local players in terms of features such as quality, technology, and price.
Major Players
Players leading the Global Biological Seed Treatment Market include 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 BV (Netherlands), Precision Laboratories, LLC (US), and Italpollina spa (Italy), among others.
Industry/Innovation/Related News
September 16, 2019 — Marrone Bio Innovations Inc. (the US), a leading global provider of pest management and plant health products, announced the completion of previously announced acquisition of Pro Farm Technologies Oy (Finland). Apart from the proprietary nutrient and biostimulant technology and products for seed and foliar treatments to its portfolio, the strategic move would provide Marrone Bio with exciting, complementary technology and an expanded global distribution network for its entire product portfolio.
Market Segments
MRFR has segmented the report into four dynamics to widen the scope of understanding,
By Type: Microbials and Botanicals.
By Crop Typ: Cereals & Grain, Fruits & Vegetables, Oilseeds & Pulses, and others.
By Function: Seed Protection, Seed Enhancement, and others.
By Regions: North America, Europe, APAC, and the Rest-of-the-World.
Regional Analysis
North America is expected to continue to account for the largest revenue share in the Global Biological Seed Treatment Market over the next six years. The regional market growth attributes to the presence of many key players and the high awareness level about the benefits of biological seed treatment. The US, heading with the massive demand from the agriculture adjacencies, catalyzes the growth of the regional market.
Furthermore, factors like the growing governmental emphasis on increasing crop yields and stringent regulations regarding food safety are acting as significant tailwinds for the growth of the biological seed treatment market in North America.
The biological seed treatment market in the Asia Pacific region is a briskly growing market. The availability of vast agrarian zones in the region that are expected to undergo a dramatic shift due to the recent green revolution promise many lucrative opportunities. Besides, increasing population, alongside the rapid urbanization and income growth, would positively impact the development of the regional market. Also, favorable government initiatives to encourage agriculture production to meet rising food demands are estimated to propel the growth of the regional market.
The biological seed treatment market in the European region is another significantly growing market. Agriculture is one of the major industries that is shaping the market landscapes in rural areas in Europe. Farming needs special attention to improve food systems, and the range of food produced in the region is diverse. The region is the single largest exporter of agri-food products and entirely self-sufficient in major agricultural commodities.
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