PUBLISHER: The Business Research Company | PRODUCT CODE: 1414052
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414052
“Biological Seed Treatment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on biological seed treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for biological seed treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The biological seed treatment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Biological seed treatment involves the application of substances such as active ingredients, microbes, or plant extracts in either powder or liquid form to seeds. These treatments serve to treat seeds while minimizing growers' exposure to chemicals and reducing environmental impact.
Major crop types benefiting from biological seed treatment include corn, wheat, soybean, cotton, sunflower, vegetable crops, among others. Corn is characterized by its production of yellow kernels as seeds. Biological seed treatment types encompass microbials, botanical treatments, and other related applications. These treatments serve various functions such as enhancing seed quality and protecting seeds, available in both liquid and dry formulations.
The biological seed treatment market research report is one of a series of new reports from The Business Research Company that provides biological seed treatment market statistics, including biological seed treatment industry global market size, regional shares, competitors with a biological seed treatment market share, detailed biological seed treatment market segments, market trends and opportunities, and any further data you may need to thrive in the biological seed treatment industry. This biological seed treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed during the historic period can be attributed to several factors, including the increasing awareness surrounding sustainable agricultural practices, supportive regulations for biopesticides, the necessity for integrated pest management (IPM), the demand for improved crop yields, and a concerted 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 anticipated growth in the forecasted period is anticipated to stem from several key factors, notably the escalating demand for organic farming practices, heightened concerns regarding climate change and agricultural resilience, a dedicated focus on sustainable crop protection methods, the increasing global population, and the imperative concerns surrounding food security. Collaborations in research and development are also expected to contribute significantly to this growth trajectory.
The escalating demand for chemical-free crops is anticipated to be a driving force behind the burgeoning growth of the biological seed treatment market. Chemical-free crops, cultivated without the use of any chemicals, are witnessing an increased preference among growers. Biological seed treatments, chosen over chemical alternatives, are embraced for their reduced exposure to agrochemicals and minimized environmental impact. Notably, India's production of approximately 3.48 million metric tons of certified organic products and the 3% growth in sales of organic products, reaching around $9.4 billion in 2022, as reported by Outlook and Organic Food Produce respectively, exemplify this surging demand, propelling the expansion of the biological seed treatment market.
The mounting demand for agricultural products stands as a significant driver bolstering the biological seed treatment market. Agricultural goods, including crops and fruits intended for human consumption, industrial use, or further processing, witness increased demand. Biological seed treatment serves as a pivotal technique in agricultural production, enhancing plant growth, safeguarding against pests and diseases, fostering root development, and improving soil health. The California Department of Food and Agriculture's reports in August 2023, indicating a marked increase of 16.4% in California's organic product sales to $14 billion in 2021, coupled with a 7% surge in the value of agricultural product exports to approximately $22.5 billion in 2021, exemplify the flourishing demand for agricultural products driving the biological seed treatment market.
Technological advancements emerge as key trends propelling the biological seed treatment market, with major market players prioritizing the introduction of cutting-edge technologies to fortify their market positions. Syngenta AG's May 2022 launch of VICTRATO®, a seed treatment harnessing novel technology such as the TYMIRIUM® technology, exemplifies this trend. The innovative treatment provides high performance and long-lasting protection against plant parasitic nematodes and key fungal diseases across various crops.
Leading companies in the biological seed treatment market are concentrating efforts on innovative soybean seed treatment solutions, aiming to gain a competitive edge. Notably, Helena Agri-Enterprises' launch of exclusive soybean seed treatments, 'Seed Shield® Select and Enertia®,' in October 2023 underscores this focus. Seed Shield Select, a combination of fungicides and insecticides, safeguards soybean seeds from insects and major seedling diseases while optimizing plant vigor and root health. Enertia, an enzyme-based biological seed treatment, enhances nutrient availability and soil health through VersaShield® Formulation Technology, ensuring stabilized enzyme activity for prolonged effectiveness, consistency, and ease of use. This concentrated effort in developing advanced seed treatments exemplifies the competitive edge sought by major players in the biological seed treatment market.
In November 2022, Corteva Inc., a US-based agricultural chemical company, completed the acquisition of Stoller Group for approximately $1.2 billion. This strategic acquisition equips Corteva with Stoller's expertise in technology and a diverse array of integrated agricultural solutions. Stoller Group, based in the US, specializes in bio-stimulants and enhancing plant health.
Major companies operating in the biological seed treatment market report are BASF SE, Bayer AG, Syngenta AG, Novozymes, Valent BioSciences, Corteva Inc., Precision Laboratories LLC, Koppert Global, Hello Nature International Srl, Monsanto Company, DuPont, Verdesian Life Sciences, Croda International Plc, BioWorks Inc., Germains Seed Technology, Plant Health Care, Italpollina Usa Inc., FMC Corporation, Isagro S.p.A., Marrone Bio Innovations, Certis USA LLC, Terramera Inc., Andermatt Biocontrol AG, Symborg Corporate SL., Lallemand Plant Care, XiteBio Technologies Inc., Intrachem Bio Italia S.r.l., Bioiberica S.A.U., Rizobacter Argentina S.A., Agrinos AS, Novihum Technologies GmbH
North America was the largest region in the biological seed treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global biological seed treatment market report during the forecast period. The regions covered in the biological seed treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the biological seed treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The biological seed treatment market consists of sales of seed disinfestation products and bio-stimulants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.