Process equipment market for seed industry Process equipment market for seed industry includes processed seed market and seed processing equipment market. The processed seed market is estimated at USD 56.07 Billion in 2017 and is projected to reach USD 91.32 Billion by 2022, at a CAGR of 10.2% from 2017.
On the other hand, the seed processing equipment market is projected to reach USD 3.25 Billion by 2022 from USD 2.00 Billion in 2017. Seed processing is crucial to make seeds ready for sowing. The necessity to increase food production and shrinking arable land has increased the demand for processed seeds, and consequently, seed processing equipment. Higher acceptance and area under GM crop, the rise in globalized trade for processed seed, and growth in awareness in developing countries are other factors driving the growth of process equipment market for seed.
The processed seed market, on the basis of crop type, is projected to witness the highest growth rate in the fruits & vegetables segment, during the forecast period. The mechanical segment is estimated to dominate the processed seed market on the basis of method, through the same period. In the seed processing equipment market, on the basis of type, the coaters segment is projected to be the fastest-growing segment through the forecast years.
The various contributors involved in the value chain of the proceed seed market include manufacturers, suppliers, distributors, intermediaries, and customers, and agricultural product manufacturers [such as Bayer (Germany), The Dow Chemical Company (US), Monsanto (US), Syngenta (Switzerland), KWS Group (Germany)] and seed processing equipment market such as Cimbria (Denmark), PETKUS Technologie (Germany), Lewis M. Carter Manufacturing (US), Westrup (Denmark), and Alvan Blanch Development Company (UK).
