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Seeding Success: Biological Seed Treatment Market Projected to Hit $3.59 Billion by 2029
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The report anticipates that the biological seed treatment market will witness remarkable growth, projecting a robust CAGR of 12.7% from 2022 to 2029, culminating in a valuation of $3.59 billion by 2029. This surge is primarily driven by several key factors including the escalating demand for organic farming and organic food products, heightened awareness regarding environmental sustainability, increased investments from major industry players, the imperative to enhance crop yield and quality, and diminishing agricultural land. However, challenges such as limited farmer education and awareness, the restricted shelf life of treated seeds, and financial constraints for new entrants may impede market growth to a certain extent. Nevertheless, the emergence of biodegradable seed coatings is poised to unlock substantial growth opportunities for stakeholders in the biological seed treatment market.
The global biological seed treatment market study presents comprehensive insights by providing historical market data for 2020 and 2021, estimating current market conditions for 2022, and offering forecasts up to 2029. The market is segmented based on type (microbial, biochemical, and other biological seed treatments), formulation (liquid formulation and dry formulation), application techniques (seed coating, seed dressing, and seed pelleting), crop type (cereals & grains, oilseeds, and other crops), and function (seed protection and seed enhancement). Additionally, the report evaluates industry competitors and analyzes the market at regional and country levels.
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Key Highlights:
The microbial segment is poised to lead the market in 2022, driven by its selectivity, high effectiveness, minimal adverse effects on humans, plants, and animals, and user-friendly nature. Furthermore, its beneficial properties such as stimulating plant growth and promoting soil biodiversity are expected to bolster demand for microbial seed treatment.
The dry formulation segment is projected to witness rapid growth during the forecast period, attributed to increasing usage in seed treatment, coupled with the advantages of ease of use, convenient storage, and relatively lower cost, particularly suitable for application in developing economies.
Seed coating is anticipated to dominate the application technique segment in 2022, owing to its versatile application across all crop seeds and its ability to enhance seed appearance, thereby increasing commercial value.
The oilseeds segment is expected to witness substantial growth during the forecast period, driven by increasing oilseed production, rising demand for chemical-free organic oilseeds, and growing consumer preference for plant-based food products.
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Seed protection is forecasted to hold the largest market share in 2022 within the function segment, owing to the benefits it offers such as cost-effectiveness, ease of handling, protection against seed diseases, and compatibility with inoculants.
The research report also provides a comprehensive analysis of major geographies including North America, Europe, East Asia, South & Southeast Asia, Australasia, Latin America, and the Middle East & Africa. East Asia is poised to witness rapid growth during the forecast period of 2022-2029, driven by the increasing popularity of organic farming, environmental concerns over agrochemical usage, and the region's large agricultural area and population.
Key Players:
Leading players in the global biological seed treatment market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), Corteva Inc. (U.S.), UPL Limited (India), Nufarm Limited (Australia), FMC Corporation (U.S.), Verdesian Life Sciences, LLC (U.S.), Novozymes A/S (Denmark), Valent BioSciences LLC (U.S.), Croda International Plc (U.K.), and Precision Laboratories, LLC (U.S.), among others.
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