Growing demand for chemical free crops is expected to drive the growth of global biological seed treatment market
According to TechSci Research report, “Global Biological Seed Treatment Market By Type (Microbials, Botanicals & Others), By Crop (Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops, Other Crops), By Treatment Method (Seed Coating, Seed Dressing and Seed Pelleting), By Function (Seed Enhancement Vs Seed Protection), By Region, Competition, Forecast & Opportunities, 2025”, global biological seed treatment market is expected to witness a significant growth during the forecast period. Biological seed treatment products help in protecting the seeds and also act as seed enhancers, thereby improving crop yields, which is considered as one of the major factors responsible for the growth of global biological seed treatment market. Moreover, inclination of the consumers towards consumption of healthy food to improve personal health is expected to bode well for the growth of global biological seed treatment market through the forecast period. In addition to this, increase in the utilization of the product in agricultural practices in order to prevent seed-borne and soil-borne infections and diseases, is projected to positively influence the growth of global biological seed treatment market in the years to come. The government is also taking initiatives to promote the use of the biologically treated seeds, which is making headway for the growth of global biological seed treatment market. Along with this, lesser risk of exceeding residue limits is further anticipated to positively contribute to the market growth in the next 5 years. However, there are some factors that might act as major impediments to the growth of global biological seed treatment market through 2025 including lack of awareness about sustainable agricultural practices in developing economies and limited product availability.
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Global biological seed treatment market can be segmented based on type, crop, treatment method, function, company, and region. Considering the crop, the market is fragmented into corn, wheat, soybean, cotton, sunflower, vegetable crops, and other crops. Among these, the corn segment dominated the global biological seed treatment market until 2019 and is further anticipated to maintain its dominance during the forecast period as well. Significant requirement of corn as animal protein and ethanol in the feed and automobile industries, respectively is the key factor leading to the dominance of corn crop segment in the biological seed treatment market. Also, the vegetable crops segment is anticipated to grow at a highest CAGR during the forecast period which can be accredited to increasing use of biopesticides for treating vegetable seeds, and rising demand for chemical-free food products are expected to fuel the market growth over the forecast period. In addition to this, rising inclination of consumers toward maintaining a healthy lifestyle, is further estimated to boost the segmental growth over the coming years.
Agilent Technologies, Thermo Fisher Scientific, Merck Group, Perkinelmer Inc., Controls S.P.A, Lamotte Company, Geotechnical Testing Equipment UK Ltd, Sun Labtek Equipment (I) Pvt. Ltd, Martin Lishman Ltd, S.W. Cole, ELE International, Gilson Company Inc., Humboldt MFG. Co., Eie Instruments Pvt. Ltd., Eurofins Scientific, Aimil Ltd., Alfa Testing Equipment, Matest, M & L Testing Equipment, Shambhavi Impex, are among others are the leading players operating in global biological seed treatment market. The leading players are adopting several growth strategies to enhance the market scenario of biological seed treatment. Other competitive strategies include mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“North America is forecast to dominate the global biological seed treatment market until 2025 on account of rising adoption of organic farming in countries such as the U.S., Mexico, and Canada. Furthermore, adoption of streamlined guidelines, procedures, and effective feedback by agrochemical regulatory agencies in the region is further anticipated to boost the market growth for biological seed treatment over the coming years. In addition to this, high growth in organic farming is further estimated to aid the market growth in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Biological Seed Treatment Market By Type (Microbials, Botanicals & Others), By Crop (Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops, Other Crops), By Treatment Method (Seed Coating, Seed Dressing and Seed Pelleting), By Function (Seed Enhancement Vs Seed Protection), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global biological seed treatment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global biological seed treatment market.
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Source : TechSci Research