Biological Seed Treatment Market Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast 2030
The worldwide biological seed treatment market size is set to witness an upward growth trend in the forthcoming years. Major factors driving the expansion of this market include the increasing demand for high-quality agricultural produce. Biological seed treatment is an environmentally friendly method of treating seeds have gained massive traction globally in recent years. Various benefits of this method compared to chemical seed treatment may help the market prosper over the projected period, says Fortune Business Insights™ in an upcoming report titled, “Biological Seed Treatment Market, 2023-2030”.
Moreover, the biological treatment of seeds contains active ingredients, including microorganisms such as bacteria, fungi, algae extracts, and plant extracts. These are available in powder and liquid form. Seed coating, seed dressing, and seed pelleting are among the commonly used methods to implement this treatment. Acting as a bio-stimulant, it helps the crops grow better and become more vigorous. The use of this treatment also helps enhance nutrient uptake, helping boost crop yield.
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Disruptions in Agricultural Activity Impacted Market Dynamics Negatively
The agriculture sector experienced several disruptions due to the COVID-19 pandemic, including shortages in raw material supply due to supply chain uncertainty, stringent protocols, and workforce shortages. Due to these factors, along with a decline in food demand across the foodservice sector, agricultural activity experienced a drop. The mentioned factors affected biological seed treatment market growth during the pandemic.
Based on crop type, the market share is segregated into wheat, corn, soybean, and others.
By type, the market share is broken down into botanical, microbial, and others.
In terms of function, the market share is split into biostimulants, bio-fertilizers, seed enhancement, seed protection, bio fungicides, bioinsecticides, and others.
Geographically, the market share is segmented into North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players present in the global market of biological seed treatment.
- Key strategies adopted by the market players.
- Latest biological seed treatment industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints-
Demand for Higher-Quality Agricultural Produce to Aid Market Growth
The worldwide market growth is expected to be driven by the increasing demand for high-quality agricultural produce. Biological seed treatment is an environmentally friendly method of treating seeds that have gained massive traction globally in recent years. Various benefits of this method compared to chemical seed treatment is forecasted to help the market prosper over the projected period.
However, biological treatment of seeds is estimated to offer a limited duration of protection compared to chemical seed treatment, which could affect its demand slightly.
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North America to Dominate Global Market during 2022-2029
North America is slated to dominate the biological seed treatment market share during the projected period. The regional trends will be influenced by the rising demand for better-quality agricultural produce in the market. There is a significant tendency of consumers to incline towards natural and organic products, which will work in favor of the regional expansion.
Europe and Asia Pacific regions are likely to hold notable shares in the market led by the rising need to enhance crop yield and produce high-quality agricultural products.
Leading Players Adopt Acquisition Strategies to Stay Competitive
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
- 2020- Koppert Biological Systems completed the acquisition of Geocom in 2020. Geocom develops solutions such as geoprocessing for applying biological agents on crops. This deal helped Koppert strengthen its product portfolio and enhance the bioprotection of crops.
List of Key Players Profiled in Report:
- BASF SE (Germany)
- Bayer AG (Germany)
- Novozymes A/S (Denmark)
- Syngenta Group (Switzerland)
- Corteva Agriscience (U.S.)
- Valent BioSciences (U.S.)
- Verdesian Life Sciences (U.S.)
- Plant Health Care (U.S.)
- Precision Laboratories (U.S.)
- Koppert Biological Systems (Netherlands)
- Italpollina (Italy)
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