Biological Seed Treatment Market Insights
The global biological seed treatment market is expected to grow at a significant CAGR of more than 11% over the forecast period. This growth is mainly attributed to growing adoption of sustainable agricultural practices. Along with this, increasing demand for healthy food and benefits associated with biological seed treatment such as low risk of exceeding pesticide MRL is also likely to stimulate the market over the coming years.
Rising investment by key manufacturers along with government initiatives to boost market for organic products is expected to augment market growth. However, lack of awareness about benefits associated with biologically treated seeds among farmers is projected to affect the profitability of market.
Biological Seed Treatment Market: Type Insights
On the basis of type, the biological seed treatment market is segmented into microbial and botanicals. The microbial segment is further segregated into bacteria and fungi. The market for microbial is expected to occupy the highest share owing to rising demand for microbial seed treatments in crops such as soyabean, cotton, corn and tomatoes among others. Moreover, factors such as cost effectiveness and sustainability associated with it are likely to boost the market over the years.
Biological Seed Treatment Market: Crop Insights
By crop, the biological seed treatment market is segmented into corn, wheat, soybean, cotton, sunflower and vegetable crops among others. The corn segment is anticipated to register a significant growth rate over the forecast period on account of increasing application of biological seed treatment for preventing pests, pathogens and insects. Soyabean crop is expected to grow significantly over the years owing to rising application of biologically treated seeds for improving quality of grains.
Biological Seed Treatment Market: Function Insights
On the basis of function, the biological seed treatment market is segmented into seed protection and seed enhancement. While the seed protection segment is further divided into bioinsecticides and biofungicides among others, the seed enhancement segment is divided into biofertilizers and biostimulants. The market for biofertilizers is expected to grow significantly as it improves crop quality, increases crop yield, and provides resistance against diseases.
Biological Seed Treatment Market: Regional Insights
North America occupied the largest share of this market in 2016. This can be attributed to rising awareness against synthetic chemicals in this region. Along with this, low cost associated with development and commercialization of biological products is likely to favor the sector. Europe is also expected to emerge as a key revenue generating region. This can be associated with rising adoption of biologically treated seed for improving crop yield and quality.
Biological Seed Treatment Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Biological Seed Treatment Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase biologically treated seed over the coming years. Some leading consumers of this market are Foster Farms, Cargill, and Alltech.
Biological Seed Treatment Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include BASF (Germany), Bayer AG (Germany), Syngenta (Switzerland), DuPont (The U.S.), Italpollina (Italy), Incotec (Netherlands), Precision Laboratories (The U.S.), Koppert (Netherlands), Verdesian Life Sciences (The U.S.), Valent Biosciences (The U.S.), Plant Health Care (The U.S.), and Monsanto BioAg (The U.S.).
In August 2017, Valent announced launching its product: Aveo EZ nematicide. The product is a biological seed protectant and is expected to help protect soybeans from yield loss caused by soybean cyst nematode (SCN) and reniform nematode.
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