Press release
Biological Seed Treatment Market Size, Share, Growth Analysis 2024-2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Biological Seed Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The biological seed treatment market size has grown strongly in recent years. It will grow from $3.61 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to growing awareness of sustainable agriculture, regulatory support for biopesticides, need for integrated pest management (ipm), demand for higher crop yields, focus on soil health.
The biological seed treatment market size is expected to see strong growth in the next few years. It will grow to $5.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing demand for organic farming, climate change and resilience, focus on sustainable crop protection, rising global population and food security concerns, collaborations in research and developmen. Major trends in the forecast period include technological innovations in seed coating, microbial seed treatments, biostimulants integration, seed coating technologies, regulatory support for biologicals.
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Market Segmentation:
The biological seed treatment market covered in this report is segmented -
1) By Crop Type: Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops, Other Crops
2) By Type: Microbials, Botanical, Other Types
3) By Function: Seed Enhancements, Seed Protection
4) By Formulation: Liquid Formulation, Dry Formulation
Major Driver - Surge In Demand For Chemical-Free Crops Fuels Growth In Biological Seed Treatment Market
Surging demand for chemical-free crops will propel the growth of the biological seed treatment market going forward. 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. For instance, according to an article published by Outlook, an India-based magazine, in March 2023, India produced around 3.48 million metric tons of certified organic products like oil seeds, cereals, millets, cotton, and pulses. For another instance, a report published by Organic Food Produce, a US-based platform that is focused on informing and educating about organic fresh produce, sales of organic products grew by 3% in 2022 approximately $9.4 billion. Therefore, the surging demand for chemical-free crops is driving the growth of the biological seed treatment market.
Competitive Landscape:
Major companies operating in the biological seed treatment market report are BASF SE, Bayer AG, Syngenta AG, Novozymes, Valent BioSciences, Corteva Inc., Precision Laboratories LLC, Koppert Global, Hello Nature International Srl, Monsanto Company, DuPont, Verdesian Life Sciences, Croda International Plc, BioWorks Inc., Germains Seed Technology, Plant Health Care, Italpollina Usa Inc., FMC Corporation, Isagro S.p.A., Marrone Bio Innovations, Certis USA LLC, Terramera Inc., Andermatt Biocontrol AG, Symborg Corporate SL., Lallemand Plant Care, XiteBio Technologies Inc., Intrachem Bio Italia S.r.l., Bioiberica S.A.U., Rizobacter Argentina S.A., Agrinos AS, Novihum Technologies GmbH
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Top Trend - Technological Advancements Drive Innovation In The Biological Seed Treatment Market
Technological advancements are the key trends in the biological seed treatment market. 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.
The Table Of Content For The Market Report 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
…..
27. Biological Seed Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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