Biological Seed Treatment Market Size, Share, And Trends By Type (Microbials, Botanicals), By Corp (Corn, Wheat, Soybean, Cotton, Vegetable Crops, Others), By Function (Seed Protection, Seed Enhancement), And By Geography – Forecast From 2019 To 2024

Description

The Biological Seed Treatment Market was valued at US$634.138 million in 2018 and is projected to expand at a CAGR of 12.94% over the forecast period to reach US$1316.302 million by 2024.Biological seed treatment is done to protect the seeds from pathogens. It leads to improved seeds which can cope not only with pests and diseases but also with unfavorable environmental conditions such as stress and nutrient-poor soil leading to increased productivity. The Biological Seed Treatment market is expected to have a significant growth rate due to environment-friendly, reduces the use of harmful chemicals and increased crop productivity. Huge investment has been made by the major players in the market which is expected to further fuel the market growth. But strict government rules and regulations regarding seed treatment can be a restraint for market growth. By crop, the corn segment is estimated to have a significant market share due to major industrial applications of corn and a number of pathogens affect the corn crop. By geography, North America is expected to have a significant market share due to restriction on the use of chemicals.

DRIVERS

Adoption of sustainable agricultural practices

Huge investment made by private and public sector in research and development

RESTRAINT

Strict government rules and regulations

INDUSTRY UPDATE

In December 2018 BASF expanded its soybean seed treatment portfolio with the launch of Vault® IP Plus seed treatment and Obvius® Plus fungicide seed treatment, recently registered by the Environmental Protection Agency (EPA). Both products will be commercially available in September 2019

Bayer completed the acquisition of Monsanto in June 2018. Monsanto BioAg products now rebranded as Acceleron BioAg

SEGMENTATION

The Biological seed treatment Market has been analyzed through the following segments:

By type

Microbials

Botanicals

By crop

Corn

Wheat

Soybean

Cotton

Vegetable Crops

Others

By function

Seed Protection

Seed Enhancement

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others