Meticulous Research®—a leading global market research company, published a research report titled “Biological Seed Treatment Market by Type (Microbial {Bacteria}, Biochemical), Formulation (Liquid Formulation), Application Techniques (Seed Coating), Crop Type (Cereals & Grains {Corn, Wheat}, Oilseeds {Cotton}), and Geography - Forecast to 2029.”
Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5338?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=17-10-2024
The latest report by Meticulous Research® reveals that the biological seed treatment market is expected to grow at a 12.7% CAGR from 2022 to 2029, with the market's value reaching $3.59 billion by 2029. This growth is driven by increasing demand for organic farming and food, rising awareness of environmental safety, greater investment from key industry players, the necessity to improve crop yields and quality, and decreasing agricultural land availability. However, challenges such as limited farmer knowledge, short seed shelf life, and financial constraints for new players may limit the market’s potential. On the other hand, innovations in biodegradable seed coatings could unlock major opportunities for companies in the sector.
The report provides historical market data for 2020 and 2021, as well as estimates for 2022 and forecasts up to 2029. It segments the market by type (microbial, biochemical, and others), formulation (liquid and dry), application method (seed coating, dressing, and pelleting), crop type (cereals & grains, oilseeds, and others), and function (seed protection and enhancement). It also offers a detailed competitive analysis across regions and countries.
In 2022, the microbial seed treatment segment is expected to lead the market, driven by its effectiveness, selectivity, and safety for humans, plants, and animals. The demand for microbial treatments is bolstered by their ability to boost plant growth and promote soil biodiversity, while government efforts focused on environmental safety further support this segment’s growth.
Dry formulations are expected to experience rapid growth, particularly in developing markets, due to their ease of use, cost-efficiency, and simple storage. The seed coating technique is anticipated to capture the largest market share in 2022, owing to its wide range of applications and its ability to improve the commercial value of seeds.
Oilseeds are forecasted to grow at a significant rate, driven by rising production and increased demand for chemical-free oilseeds, coupled with the growing popularity of plant-based foods. For the function segment, seed protection is predicted to maintain the largest market share in 2022, due to its affordability, ease of handling, and effectiveness in protecting seeds from pests and diseases during storage.
East Asia is projected to see robust growth from 2022 to 2029, spurred by increasing demand for organic products, expanding organic farming practices, and concerns over agrochemical use. The region's large agricultural land area and growing population further enhance the need for improved crop yields and quality.
Leading companies in the biological seed treatment market include BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland), Corteva Inc. (U.S.), UPL Limited (India), and others.
About Meticulous Research®:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments on “Biological Seed Treatment Industry Poised for $3.59 Billion Value by 2029”