The biological seed treatment market was estimated at USD 739.3 Million in 2017, and is projected to reach USD 1,251.4 Million by 2022, at a CAGR of 11.10%. The market is influenced by the adoption of sustainable agricultural practices, along with strong investments being made by major market players in the research and development of these products.
The biological seed treatment market, based on function, has been segmented into biofertilizers, biostimulants, bioinsecticides, biofungicides, and others. Biofertilizers are rapidly gaining pace because of their potential to provide disease resistance in crops, while improving crop quality and yield. Due to this trend and the registration & commercialization of new varieties of biofertilizers, this segment was estimated to account for a large share in the market in 2017.
The biological seed treatment market, by crop type, has been segmented into corn, wheat, soybean, cotton, sunflower, vegetable crops, and other crops. The corn crop finds major industrial application in food, feed, and ethanol production. These crops being affected by a number of pathogens, pests, and nematodes is one of the major contributing factors for biological seed treatment being used. The corn crop is expected to account for the largest share, in terms of value, in 2016.
The biological seed treatment market, by type, has been segmented into microbials, botanicals, and others (biofermentation products and natural polymers & derivatives). The microbials industry dominated the market in 2016, due to the increasing demand for microbial seed treatments, in field crops such as soybean and corn.
North America accounted for the largest market share in 2016, and is also projected to be fastest-growing in the biological seed treatment market in the next five years. The dominant share of the North American region is attributed to the increasing ban on the usage of certain chemical formulations in North American countries. A growing trend towards the development of sustainable options to mitigate environmental risks, is expected to further improve market demand for these products.
The global market for biological seed treatment is dominated by large-scale players such as BASF (Germany), Bayer AG (Germany), Syngenta (Switzerland), Monsanto BioAg (US), DuPont (US), and Italpollina (Italy). Koppert (Netherlands), Incotec (Netherlands), Plant Health Care (US), Precision Laboratories (US), Verdesian Life Sciences (US), and Valent Biosciences (US) are a few other key market players that also have a significant share in the biological seed treatment market.
The stakeholders for the report are as follows:
- Biopesticide, biostimulants, and biofertilizer producers and formulators
- Seed suppliers, distributors, importers, and exporters
- Seed coating technology providers, seed treaters, and blenders
- Polymer manufacturing and polymer coating technology-focused market entrants
- Agricultural co-operative societies
- Commercial research & development (R&D) organizations and financial institutions
- Seed associations and industry bodies such as International Seed Federation (ISF) and American Seed Trade Association (ASTA), and the Asia and Pacific Seed Association (ASPA)
- Government agricultural departments and regulatory bodies such as US Environmental Protection Agency (EPA), US Department of Agriculture (USDA), and Pest Management Regulatory Agency (PMRA)
Scope of the Report:
This research report categorizes the biological seed treatment market based on type, function, crop, and region.
Based on Type, the market has been segmented as follows:
- Botanicals & others (biofermentation products and natural polymers & derivatives)
Based on Function, the market has been segmented as follows:
- Seed protection
- Others (bioherbicides and bionematicides)
- Seed enhancement
Based on Crop, the market has been segmented as follows:
- Vegetable crops
- Other crops (plantation, fruit, pulse, other cereal & oilseed, turf, forage, and ornamental crops)
Based on Region, the market has been segmented as follows:
- North America
- Asia Pacific
- South America
- RoW (the Middle East and Africa)