The vendor landscape in the global biological seed treatment market is increasingly dynamic, finds Transparency Market Research (TMR). This is on account of copious investments by several agrochemical companies on new biological seed treatments. A number of players in various developed regions of the global biological seed treatment market are engaged in bagging regulatory approvals for their biological products. Numerous agricultural technology companies are also working relentlessly on educating the end users of the benefits of advanced seed treatments, which helps them get strongholds in the global biological seed treatment market.
Growing number of players, notably Monsanto Company and Bayer CropScience, are offering seed companies biological seed treatments to help them customize agronomic solutions in order to bolster agricultural productivity. Other well-entrenched players in the global biological seed treatment market are Valent Biosciences Corporation, BASF SE, Italpollina SpA, and Syngenta AG.
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The opportunities in the global biological seed treatment market is expected to rise at robust CAGR of 10.2% during 2017 - 2026. By the end of this period, the global biological seed treatment market will reach worth of US$715 mn.
Among the various biological seed treatment types, those used for bacterial resistance will fetch major share of revenues over the assessment timeline. US$ 00 million worth of biological seed treatment solutions are expected to be used in bacterial intervention in plants’ growth by 2026 end.
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Regionally, North America holds sway in the global biological seed treatment market. In the years ahead, the region is expected to rise at the most attractive growth rate and attain US$ 306 Mn by 2026 end. The growth is increasingly propelled by rapid growth in agricultural technologies in the region and growing acceptance of biological seed treatments among agronomists.
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Nonetheless, agrochemical companies are proactive in spreading the awareness about the role of biological seed treatment in long-term sustainability of agriculture. Moreover, the advent of cost-effective solutions, coupled with recent strides made in the agriculture industry, is boosting the market. Further, numerous agrochemical chemicals have been spending sizeable sums on multidisciplinary research for developing better-performing biological seed treatments. This is likely to pave new and lucrative avenues in the global biological seed treatment market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Biological Seed Treatment Market (Biological Treatment Type - Bacteria, Fungi, Botanicals and Other Types; Crop Type - Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable and Other Crops; Function - Biofertilizers, Biostimulants, Bioinsecticides, Biofungicides and Other Functions) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2026.”
The global biological seed treatment market is segmented based on:
Biological Treatment Type
- Bacteria
- Fungi
- Botanicals
- Other
Crop Type
- Corn
- Wheat
- Soybean
- Cotton
- Sunflower
- Vegetable
- Other
Function
- Biofertilizers
- Biostimulants
- Bioinsecticides
- Biofungicides
- Others
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