The Biological Seed Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Biological Seed Treatment Global Market Report 2024, 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
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.
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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
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 biological seed treatment market report table of contents includes:
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. Global Biological Seed Treatment Market Size and Growth
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26. South America Biological Seed Treatment Market
27. Brazil Biological Seed Treatment Market
28. Middle East Biological Seed Treatment Market
29. Africa Biological Seed Treatment Market
30. Biological Seed Treatment Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE
- Bayer AG
- Syngenta AG
- Novozymes
- Valent BioSciences
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