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.
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Target Audience
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)
The seed enhancement segment comprises biofertilizers and biostimulants. Cumulatively, they were estimated to account for a major share of the total market in 2017. The product portfolio of major companies involved in the biological seed treatment market is more focused toward biofertilizers and biostimulants. Thus, the market for biofertilizers is the largest and is expected to maintain its growth momentum in future.
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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.
