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Seed Treatment Machine Market Size, Share, Latest Trends, Key Players And Forecast To 2033
Seed Treatment Machine Market Size
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According to The Business Research Company's, The seed treatment machine market size has grown strongly in recent years. It will grow from $1.14 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to growing population, changing consumer eating preferences, higher disposable income, improved accessibility, and expansion of large-scale farming operation.
The seed treatment machine market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to focus on seed enhancement, growth of the commercial seed industry, unpredictable weather conditions and climate change, rise of biological seed treatments, and cost-effective farming solutions. Major trends in the forecast period include innovations in automation, IoT integration, smart seed treatment machines, and automation technologies.
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Market Drivers and Trends:
The rising adoption of hybrid and genetically modified seeds is expected to propel the growth of the seed treatment machine market going forward. Hybrid seeds are created by cross-breeding different parent plants for desirable traits, while genetically modified (GM) seeds are altered using biotechnology to enhance specific characteristics. The demand for these modified seeds is due to their ability to increase crop yield, improve resistance to pests and diseases, and tolerate environmental stresses. Seed treatment machines enhance the performance of hybrid and genetically modified (GM) seeds by applying protective chemicals and biological agents that safeguard seeds from pathogens and pests, thereby improving germination rates and overall crop yield. For instance, in June 2024, according to the USDA Foreign Agricultural Service, a US-based government agency, hybrid corn seed production is projected to reach 1.74 million metric tons (MMT) in the 2023/2024 marketing year (October-September), marking a 28% rise compared to 2022/2023. Therefore, the rising adoption of hybrid and genetically modified seeds is driving the growth of the seed treatment machine market.
Major companies operating in the seed treatment machine market are introducing innovative hands-free seed treatment machines to improve seed protection and enhance crop yields. An automatic hands-free system for biological seed treatments refers to an advanced technological setup designed to apply biological agents, such as beneficial microorganisms, biopesticides, or biofertilizers, to seeds without manual intervention. For instance, in September 2024, Indigo Ag Inc., a US-based farming company, launched CLIPS device. The product is an automatic, hands-free system designed to streamline the seed treatment process, particularly for biological applications. The CLIPS device efficiently applies dry powder formulations directly from bulk seed boxes, enabling farmers to treat seeds without manual mixing or handling during the busy planting season. The device can be attached to any bulk seed box, making it versatile and adaptable to various farming setups. It can also be used up to 24 months before planting, providing flexibility in preparation.
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Major Key Players of the Market:
Bayer AG, Indigo Ag Inc., PETKUS Technologie GmbH, Agrosaw, Cimbria, Alvan Blanch Development Co. Ltd., NoroGard Westrup, Oliver Manufacturing Company Inc., Akyurek Makine A.S., Synmec International Trading Ltd., Reliance Automation Solutions, Spectra Agritec, OSAW Industrial Products Pvt Ltd., AGRALEX, Agro Asian Industries, Radiant Equipment Company, Unified Ag Solutions, Cleantek, Essar Enviro Air Systems, Centor India Agri Pvt Ltd
Seed Treatment Machine Market 2024 Key Insights:
• The seed treatment machine market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• Rising Adoption of Hybrid and Genetically Modified Seeds Expected to Drive Growth of the Seed Treatment Machine Market
• Innovations in Seed Coating Technology for Enhanced Crop Yields
• North America was the largest region in the seed treatment machine market in 2023
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