According to a new market report by Lucintel, the future of the biological seed treatment market looks promising with opportunities in the corn, wheat, soybean, cotton, sunflower, vegetable crops farming markets. The biological seed treatment market is expected to grow with a CAGR of 10% from 2019 to 2024. The major drivers for this market are increasing demand for chemical-free crops and shift in consumer trends toward improvement of personal health and consumption of healthy food.
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In this market, microbials (bacterial and fungi) and botanicals seed treatment are used for seed protection and enhancement. On the basis of comprehensive research, microbials will remain the largest segment due to increasing demand for microbial seed treatments in field crops, such as soybean and corn.
Biological seed treatment for corn crop will remain the largest segment over the forecast period due to increasing demand for corns in food, feed, and ethanol production.
North America will remain the largest market over the forecast period due to lower investment requirement and limited gestation period involved in the development and commercialization of biological products.
BASF, Bayer, Syngenta, Monsanto, DuPont, Valent BioSciences, Verdesian Life Sciences, Plant Health Care, Precision Laboratories, Koppert, Italpollina, and Incotec are among the major players in the biological seed treatment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biological seed treatment market by type, function, crop, and region. Lucintel has prepared a comprehensive research report titled "Biological Seed Treatment Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the biological seed treatment market by type, function, crop, and region as follows:
By Type [$M shipment analysis for 2013 – 2024]:
Microbials
Botanicals & Others (Biofermentation Products and Natural Polymers & Derivatives)
By Function [$M shipment analysis for 2013 – 2024]:
Seed protection
Biofungicides
Bioinsecticides
Others (Bioherbicides and Bionematicides)
Seed enhancement
Biofertilizers
Biostimulants
By Crop [$M shipment analysis for 2013 – 2024]:
Corn
Wheat
Soybean
Cotton
Sunflower
Vegetable Crops
Other Crops (Plantation, Fruit, Pulse, Other Cereal & Oilseed, Turf, Forage, and Ornamental Crops)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/biological-seed-treatment-market.aspx or helpdesk@lucintel.com.
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