Comprehensive Report on Biological Seed Treatment Market In Latest Study
The global biological seed treatment market is set to grow substantially, achieving a compound annual growth rate (CAGR) of 12.7% during the forecast period from 2022-2029, ultimately reaching a market value of $3.59 billion by 2029. This growth is driven by increasing demand for organic agriculture and food, heightened environmental awareness, significant investments by key companies, and the growing necessity to enhance crop yield and quality amidst the decreasing availability of agricultural land. However, challenges such as limited farmer education and awareness, the reduced shelf life of treated seeds, and financial hurdles for newcomers may hinder market growth. Nevertheless, the introduction of biodegradable seed coatings presents new growth opportunities in the sector.
Market Dynamics:
The enlargement of the biological seed treatment market is segmented based on type, formulation, application techniques, crop type, and geography. The analysis covers detailed historical data, current market estimations for 2022, and forecasts up to 2029. It breaks down the market into microbial, biochemical, and other biological seed treatments by type; liquid and dry formulations by formulation; seed coating, seed dressing, and seed pelleting by application techniques; and cereals & grains, oilseeds, and other crops by crop type, along with functions including seed protection and seed enhancement.
Segment Insights:
Microbial treatments are expected to dominate the market in 2022, appreciated for their selectivity, efficacy, safety, and ease of use. Such treatments enhance plant growth, promote soil biodiversity, and fix nitrogen in legumes, among other benefits. Growing environmental consciousness and supportive government initiatives are anticipated to further drive the demand for microbial seed treatments.
Dry formulations are projected to experience rapid growth due to their convenience in use, storage, and relatively lower costs, making them particularly appealing in developing regions.
Seed coating is forecasted to capture the largest market share in 2022. Its ability to be applied across all seed types while enhancing their commercial value through improved appearance is a key factor in its dominance.
The market for oilseeds is expected to witness significant growth, fueled by increasing oilseed production, demand for chemical-free organic oilseeds, growing preference for plant-based foods, and rising incidences of diseases affecting oilseed crops.
For seed protection, this segment is estimated to maintain the largest share in 2022, largely due to the prevalence of seed treatment products used for insect protection during storage, disease prevention, and compatibility with inoculants.
Key Market Players:
Major companies shaping the global biological seed treatment landscape include BASF SE, Bayer AG, Syngenta AG, Corteva Inc., UPL Limited, Nufarm Limited, FMC Corporation, Verdesian Life Sciences, LLC, Novozymes A/S, Valent BioSciences LLC, Croda International Plc, and Precision Laboratories, LLC. These entities play crucial roles in advancing the market through innovation, research, and development, setting the stage for a future where sustainable agricultural practices are more prevalent.
As the biological seed treatment market evolves, it promises transformative potential for the agricultural sector, stimulating growth in organic farming and contributing to environmental sustainability. Stakeholders and farmers worldwide are poised to benefit from these advancements, heralding a new era in crop production and protection.
