Press release
Biological Seed Treatment Market Size, Share, Trends, Analysis, Growth And Industry Forecast 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Biological Seed Treatment Global Market Report 2023 identifies the surging demand for chemical-free crops as the major driver for the biological seed treatment market's growth in the forecast period. Chemical-free crops can be defined as crops that are grown and produced without using any chemicals. Biological seed treatments are used over chemical treatments to reduce exposure to agrochemicals and to reduce the impact of the chemical on the environment.
The global biological seed treatment market size is expected to grow from $3.27 billion in 2022 to $3.61 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global biological seed treatment market size is expected to reach $5.10 billion in 2027 at a CAGR of 9.0%.
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Major competitors in the biological seed treatment market are BASF SE, Bayer AG, Syngenta AG, Novozymes, Valent BioSciences.
A key trend in the biological seed treatment market includes technological advancement. Major market players are concentrating their efforts on introducing new and advanced technologies to strengthen their position in the market. For instance, in May 2022, Syngenta AG, a Swiss-based agriculture science and technology company launched their new seed treatment, the VICTRATO® which uses novel technology such as the TYMIRIUM® technology which provides high performance and provides long-lasting protection against all plant parasitic nematodes and key fungal diseases for various types of crops.
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The biological seed treatment market is segmented -
•By Crop Type: Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops, Other Crops
•By Type: Microbials, Botanical, Other Types
•By Function: Seed Enhancements, Seed Protection
•By Formulation: Liquid Formulation, Dry Formulation
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biological seed treatment market.
The Business Research Company's "Global Biological Seed Treatment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Biological Seed Treatment Market Include:
1. Executive Summary
2. Biological Seed Treatment Market Characteristics
3. Biological Seed Treatment Market Trends And Strategies
4. Biological Seed Treatment Market - Macro Economic Scenario
5. Biological Seed Treatment Market Size And Growth
……
26. Africa Biological Seed Treatment Market
27. Biological Seed Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biological Seed Treatment Market
29. Biological Seed Treatment Market Future Outlook and Potential Analysis
30. Appendix
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