Knowledge Sourcing Intelligence announces the publication of a new report on “Biological Seed Treatment Market - Forecasts from 2020 to 2025” to their offering.
Growing population, declining resources, and stressed agricultural supply chains, benefits like ascertaining higher crop yield, among others are anticipated to propel the market to stratospheric heights.
As per the report, the market pertaining to the Biological Seed Treatment Market is expectedto reach US$1316.302 million by 2024, from US$634.138 million in 2018
Besides the aforesaid, recent development of transitioning to vegan eating habits as well as increasing preference for plant-based alternatives is expected to drive the biological seed treatment market. Furthermore, economic developments in newly industrialized countries are expected to lead to an increase in the per capita food expenditure wherein a substantial portion will be intended for purchasing livestock and fish products. Thus, in order to sustain the demand and cater to future growth a steady supply of cereals as a part of animal feed is required to be ensured. Which in turn would fuel the demand for biological seed treatment products. Nevertheless, the aforesaid will be dwarfed by the growing cognizance of the importance of organically produced food (both agricultural and livestock products) which is gradually gaining cognizance around the world. In view of the above as per a recent report by the Research Institute of Organic Agriculture (FiBL), around the world, 186 countries are invested in organic activities as of 2018 compared to 103 countries in 2017 and the value of the global organic market was in the order of 96.7 billion euros. The highest share of the organic market was occupied by cattle and sheep.
Moreover, the organic share of poultry witnessed the highest increase. Further, it is important to note that organic production is associated with high labor input. Despite the aforesaid, such a global outlook of the organic market reaffirms the estimated upward trajectory of the organic market thus facilitating a surge in demand for biological seed treatment. Moreover, the agriculture industry has witnessed certain policy developments in recent years that had made it conducive for the growth of the biological treatment market. For example, in 2019 an implementation of a Memorandum of Understanding (MoU) reportedly took place between Chile and Brazil to facilitate trade in organic products in both countries aided by the reciprocal l recognition of their control systems and certifications. Through the SAGI (Agricultural and Livestock Service), the Ministry of Agriculture, Chile, and the Coordination of Agroecology and Organic Production of the Ministry of Agriculture, Livestock and Supply of Brazil (COAGRE-MAPA) participated in the negotiations to ascertain the fruition of the same. As far as Europe is concerned Regulation (EC) No 2018/848 which states the intention of ensuring the integrity of organic production at all stages of the production and processing and distribution processes of animal feed, among others will reportedly replace the erstwhile Regulation (EC) No 834/2007. Thus, the aforementioned makes it a business imperative and a food-security-essential for investments in R&D, resulting in biological seed treatment product innovations and a myriad of other strategies among the players that are operating in agri-tech space to ensure that farmers are sufficiently empowered to guarantee conditions which readily meets the aforementioned requirements of our world. In view of the above, the agriculture industry is expected to witness a meteoric biological seed treatment market growth during the next few years, which is evident from a select few developments.
July 2018 – Product Launch
It was reportedly announced by Oceana Brasil that a product with a calcium and magnesium composition which is 5-8 times more soluble than the traditional carbonates and comprises of an organic portion composed of vitamins and amino acids. Called Algen TS, the product reportedly uses the seaweed Lithothamnium, for seed treatment.
September 2018 – Product launch
It was reportedly announced by Plant Health Care plc that a biological product called Harpin αβ was launched as a seed treatment product for field corn in the U.S. The product reportedly functions by triggering the corn plant’s self-defense systems which has bee said to be similar to that of the functioning of vaccination in the case of humans. The result includes healthy growth, heightened defense response, improved vigor, and increased yield.
As a part of the report, the major players operating in the biological seed treatment market, which have been covered are Verdesian Life Sciences, Syngenta, Precision Laboratories, Plant Health Care, Koppert, Italpollina, Incotec, DuPont, Bayer AG, and BASF
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This report segmented the biological seed treatment market on the basis following terms