The United Nations forecasts the global population to cross 10 billion by 2050, which is expected to bode well for the global commercial seed market. The rising population will increase the demand for food, finds Fortune Business Insights in a new study. The study is titled “Commercial Seed Treatment Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.” According to the study, the global commercial seed treatment market will be worth US$ 61.32 Bn by 2025 from US$ 40.70 Bn in 2017, with a promising CAGR of 5.8%
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Promotional Activities about Improved Quality Seeds to Boost Market
Although the rising resistance to crop protection of products may challenge the future market, the fact that seed treatment provides a low-cost crop protection solution will create better growth opportunities in the long run.The fruit and vegetable seed segment with respect to crop segment is projected to earn huge revenues during the forecast period owing to the growing popularity of health consciousness among people and higher demand for farm fresh fruits and vegetables. Developing new hybrid vegetable seed variety is also expected to witness faster growth in the coming years.