The global Biological Seed Treatment Market is estimated to be valued at US$ 1186.51 Mn in 2023 and is expected to exhibit a CAGR of 8.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The biological seed treatment market involves application of beneficial microbes such as microorganisms like bacteria and fungi to seeds. These beneficial microbes help protect seeds and seedlings from diseases, insects and other pathogens. They also enhance germination and growth of crops. Key applications of biological seed treatment includes cereals & grains, oilseeds & pulses, fruits & vegetables and other crops.
Market Dynamics:
The growth of the biological seed treatment market is attributed to growing demand for organic farming practices globally. Organic farming strictly prohibits use of chemical fertilizers and pesticides, thereby increasing importance of biological products for seed treatment. For instance, according to the Organic Trade Association, organic food sales in U.S. increased from $47.9 billion in 2018 to $55.1 billion in 2019.. Another key driver for this market is stringent regulations regarding use of chemical pesticides and fertilizers owing to rising health and environmental concerns. Many countries have banned or imposed restriction on few hazardous chemicals which is expected to boost demand for eco-friendly biological products. However, high costs and technical complexities associated with biological seed treatment are some of the factors that may hinder the market growth.
SWOT Analysis
Strength: Biological seed treatment uses living micro-organisms to enhance plant growth. It protect seeds from pathogens naturally without using chemicals. This is environmentally sustainable. It increases yields by accelerating germination and root development.
Weakness: Biological seed treatment requires careful handling as microbes can be sensitive. It has a shorter shelf life than chemical treatments. Initial set up and production costs are higher than synthetic methods. Efficacy depends on environmental conditions.
Opportunity: Growing organic farming is increasing demand for biological inputs. Consumers prefer eco-friendly products. Biological treatment is suitable for a wide range of crops. New innovations can expand its application range.
Threats: Strict regulations restrict the use of certain microbes. Pests and diseases evolve resistance against treatments over time. Low consumer awareness hampers demand. Synthetic seed treatments have established market dominance.
Key Takeaways
The Global Biological Seed Treatment Market Size sis expected to witness high growth, exhibiting CAGR of 8.1% over the forecast period, due to increasing preference for organic farming methods. Growing environmental concerns and stringent regulations on agrochemicals are further propelling the demand for biological alternatives.
Regional analysis North America dominates the global market currently owing to rising organic acreage in countries like U.S. and Canada. Asia Pacific exhibits highest growth potential with increasing cultivable area in China and India. Latin America and Europe also emerge as lucrative markets driven by initiatives to promote sustainable agriculture.
Key players operating in the biological seed treatment market are BASF SE, Bayer Cropscience AG, Bioworks Inc., Syngenta AG, Agrauxine by Lesaffre, Germains Seed Technology, Koppert Biological Systems, Novozymes, Marrone Bio Innovations, and Groundwork BioAg. Key players are focusing on new product launches with enhanced traits. They are also collaborating with local players to strengthen regional presence.
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