DUBLIN--(BUSINESS WIRE)--The "Biological Seed Treatment Market by Type (Microbials and Botanicals), Crop (Corn, Wheat, Soybean, Cotton, Sunflower, and Vegetable Crops), Function (Seed Protection and Seed Enhancement), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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.
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.
- Serves as Insurance to Seed Investments
- Reduction in the Risk of Exceeding the MRLS
- High Costs Associated With Biological Seed Treatments
- Limited Product Availability and Adoption of Biological Seed Treatments
- Advent of Innovative Combination Products
- Bioencapsulation Technologies for Improved Environmental Persistence
- Government Regulations
- Limited Shelf-Life
- Monsanto Bioag
- Plant Health Care
- Precision Laboratories
- Valent Biosciences
- Verdesian Life Sciences
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