Global Biological Seed Treatment Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
19 Jun, 2023
The global biological seed treatment market size is expected to grow from $3.27 billion in 2022 to $3.61 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global biological seed treatment market size is expected to reach $5.10 billion in 2027 at a CAGR of 9.0%.
Global Biological Seed Treatment Market Key Driver
Rising demand for chemical-free crops will drive the expansion of the biological seed treatment market in the coming years. Chemical-free crops are those grown and produced without the use of any chemicals. Biological seed treatments are preferred over chemical treatments to limit agrochemical exposure and the environmental impact of the chemical.
Get a sample of the global biological seed treatment market reportGlobal Biological Seed Treatment Market Segments
The global biological seed treatment market is segmented:
1) By Crop Type: Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops, Other Crops
2) By Type: Microbials, Botanical, Other Types
3) By Function: Seed Enhancements, Seed Protection
4) By Formulation: Liquid Formulation, Dry Formulation
5) By Geography: The regions covered in the biological seed treatment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global biological seed treatment market.
Major Biological Seed Treatment Industry Players
BASF SE, Bayer AG, Syngenta AG, Novozymes, Valent BioSciences, Corteva Inc., Precision Laboratories LLC, Koppert Global, Hello Nature International Srl, Monsanto Company, DuPont, Verdesian Life Sciences, Croda International Plc, BioWorks Inc., Germains Seed Technology
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Biological Seed Treatment Market Overview
Biological seed treatment includes substances such as active ingredients, microbes, or plant extracts that are applied to the seed in powder or liquid form. Biological seed treatments are used for treating seeds while reducing the grower’s exposure to chemicals and reducing the impact of the chemical on the environment.
Biological Seed Treatment Global Market Report 2023 provides data on the global biological seed treatment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The biological seed treatment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.