Biological Seed Treatment Market Projected to Reach $1,251.4 Million by 2022

17/apr/2019 10:12:19 MarketsandMarkets Contatta l'autore

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The report  " Biological Seed Treatment Market  by Type (Microbials and Botanicals), Crop (Corn, Wheat, Soybean, Cotton, Sunflower, and Vegetable Crops), Function (Seed Protection and Seed Enhancement), and Region - Global Forecast to 2022" , The biological seed treatment market is projected to reach USD 1,251.4 Million by 2022, from USD 739.3 Million in 2017, at a CAGR of 11.10% from 2017.   lesser risks of exceeding pesticide MRLs, and insurance to seed investments.

The years considered for the study are as follows:

  • Base year - 2016
  • Estimated year - 2017
  • Projected year - 2022
  • Forecast period - 2017 to 2022

Biological Seed Treatment Market

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Seed enhancement is estimated to be the largest market for biological seed treatment

The seed enhancement segment comprises biofertilizers and biostimulants. Cumulatively, they were estimated to account for major share of the total market in 2017. The product portfolio of major companies involved in the biological seed treatment market is more focused toward biofertilizers and biostimulants. Thus, the market for biofertilizers is the largest is expected to maintain its growth momentum in future.

Soybean segment is projected to be the fastest growing during the forecast period

Soybean is an important source of protein and oil for the feed and chemical industries. Despite being at a crop crop with natural nodule formations, inoculants are used to further improve root length, effective water absorption, and nutrient uptake, thereby reducing early senescence, and improving grain quality. Thus, the use of biological seed treatments in soybean crops is expected to grow at the highest rate during the forecast period.

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North America is projected to be the fastest-growing market

The major reason for the biological seed treatment is to have a product that is easily registered. Low investment requirement and limited management. Additionally, growing awareness among consumers against synthetic chemicals has led to higher adoption of these products.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. BASF (Germany), Bayer (Germany), Syngenta (Switzerland), Monsanto (US), DuPont (US), Valent BioSciences (US), Verdesian Life Sciences (US), Plant Health Care (US), Precision Laboratories (US) , Koppert (Netherlands), Italpollina (Italy), and Incotec (Netherlands).

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