PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270324
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1270324
Biological Seed Treatment Market size was valued at USD 830.5 Million in 2022, expanding at a CAGR of 13.8% from 2023 to 2030.
Biological seed treatment is a process that involves the application of active ingredients to seeds, which can include microorganisms like fungi and bacteria, along with extracts from plants and algae. This treatment is applied in the form of a uniform layer in either liquid or powder form. By providing the seeds with this biological material, they become better equipped to resist damage from pathogenic fungi. Moreover, natural seed treatment promotes nitrogen fixation, stimulates cell division and root development, and increases plant resistance. Using biological seed treatment can be a sustainable and effective method of protecting crops from disease and other environmental stressors. This method works by harnessing the power of natural ingredients to enhance plant health, rather than relying solely on synthetic chemicals.
Biological Seed Treatment Market- Market Dynamics
The chemical-free farming trend is on the rise, and it is expected to drive significant growth in the industry in the coming years. With an increasing number of consumers seeking out healthier and more natural food options, the demand for chemical-free crops is expected to surge. This shift in consumer preferences is driven by a desire for better personal health and wellbeing, as well as a growing awareness of the environmental impact of chemical-intensive farming practices.
Moreover, the aging population is anticipated to further stimulate the demand for chemical-free crops. As people age, they tend to become more health-conscious and seek out foods that are free from harmful chemicals and pesticides. This demographic shift is expected to drive growth in the industry as farmers look to meet the changing demands of the market.
Moreover, the growing trend of organic farming is expected to have a direct impact on the market penetration of this product. Organic farming practices prioritize the use of natural and sustainable methods, making this product an ideal choice for farmers looking to adopt eco-friendly practices. According to the Office for National Statistics, the agricultural sector in the U.K. contributes around 0.7% to the total GDP. The composition of this product, with its naturally occurring active ingredients, offers protection against abiotic stress and soil-borne pathogens, ultimately enhancing plant growth. As a result, it can help improve the yield and quality of crops, leading to increased profitability for farmers and businesses in the industry.
The Global Biological Seed Treatment Market is segmented on the basis of Product, Function, Crop Type and Region.
Based on product, the market has been segmented into microbial (bacterial and fungi) and botanicals & others. The microbials segment is expected to grow at a CAGR of 11.8% from 2023 to 2030. In microbial treatment, bacteria, such as Rhizobia, Bacillus, Pseudomonas, and Streptomyces, and fungi, such as mycorrhizae, Penicillium bilaii, and Trichoderma harzianum, are used to eradicate the pathogens and improve seed health. These are highly effective in protecting crops from drought, insects, pests, and plant diseases.
The seed protection segment held the largest market share, accounting for 68.3%, in terms of revenue, in 2022. Increased crop destruction due to factors such as infected seeds and biotic and abiotic stress is expected to drive industry growth over the coming years. Furthermore, the growing inclination of consumers toward organic food is anticipated to boost the popularity of biological protectants.
Based on crop type, the biological seed treatment market has been segmented into soybean, wheat, cotton, corn, sunflower, vegetable crops, and others. Among crop types, the vegetable crops segment accounted for the highest revenue share of 27.9% in 2022 and it is anticipated to grow at a CAGR of 12.0% from 2023 to 2030. Increasing use of biopesticides for treating vegetable seeds, rising inclination of consumers toward maintaining a healthy lifestyle, and rising demand for chemical-free food products are expected to fuel the market growth over the forecast period.
Biological Seed Treatment Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In terms of revenue, North America dominated the industry in 2022 with a share of 41.6%, making it the largest market for biological seed treatment. The region is expected to grow at a CAGR of 11.8% from 2022 to 2030, driven by the rising adoption of organic farming in countries such as the U.S., Mexico, and Canada. Canada and Mexico are major exporters of grains worldwide, and farmers in these countries use biological seed treatment to protect their crops from pathogens, pests, and nematodes. This helps them yield a substantial amount of crop and maintain their position in the global market.
The North American organic agriculture market was valued at USD 47.89 billion in 2017, and the organic food market witnessed an increase of 6% in the U.S. and 9% in Canada in the same year. The number of organic producers has also been on the rise in North America, with over 19,000 organic producers in the region, out of which 14,000 are in the U.S. and 4,800 in Canada. This represents a 66% increase since 2004, indicating a growing trend towards organic farming in the region.
Meanwhile, Asia Pacific is the fastest-growing region, with a projected CAGR of 12.5% over the forecast period. The strong growth of the agriculture sector in countries such as India, China, Bangladesh,
Key leaders such as Bayer CropScience, BASF SE, Monsanto Company, Syngenta AG, and DowDuPont are involved in acquisitions, joint ventures, and strategic collaborations to promote the benefits of biological seed treatment, enhance their research & development capabilities, and expand their businesses across the globe.
In March 2019, Italpollina acquired Horticultural Alliance, Inc., a U.S.-based horticulture company, specializing in the production of mycorrhizal inoculants and other beneficial bacteria for organic plant health maintenance. In April 2019, Syngenta AG collaborated with The Nature Conservancy to promote soil health, habitat protection, and the efficient use of resources in the U.S., Argentina, Brazil, Kenya, and China. In December 2017, BASF expanded the capacity of its Saint-Aubin-les-Elbeuf, France, production facility.
This proposed research study on Biological Seed Treatment Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Biological Seed Treatment Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Biological Seed Treatment Market
Impact of COVID-19 on Biological Seed Treatment Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Biological Seed Treatment Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Biological Seed Treatment Market, we have also included competitive landscape and key innovator analysis for the Biological Seed Treatment Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the Biological Seed Treatment Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Biological Seed Treatment Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
GLOBAL BIOLOGICAL SEED TREATMENT MARKET KEY PLAYERS
BASF SE
Bayer AG
Syngenta Crop Protection AG
DuPont de Nemours, Inc.
Corteva Agriscience
FMC Corporation
Marrone Bio Innovations, Inc.
Koppert Biological Systems
Novozymes A/S
Valent BioSciences Corporation
Verdesian Life Sciences
UPL Limited
Seed Co Limited
International Panaacea Limited
XiteBio Technologies Inc.
GLOBAL BIOLOGICAL SEED TREATMENT MARKET, BY PRODUCT
Microbials
Bacteria
Fungi
Botanicals & Others
GLOBAL BIOLOGICAL SEED TREATMENT MARKET, BY FUNCTION
Seed Protection
Bioinsecticides
Biofungicides
Others
Seed Enhancement
Biofertilizers
Biostimulants
GLOBAL BIOLOGICAL SEED TREATMENT MARKET, BY CROP TYPE
Corn
Wheat
Soybean
Cotton
Sunflower
Vegetable Crops
Others
GLOBAL BIOLOGICAL SEED TREATMENT MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA