DUBLIN--(BUSINESS WIRE)--The "Process Equipment Market for Seed Industry by Type (Cleaners, Dryers, Coaters, Graders, Separators, and Polishers), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Method, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering
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%.
The seed processing equipment market is projected to reach USD 3.25 billion by 2022, at a CAGR of 10.2% from USD 2.00 billion in 2017.
This market is driven by the necessity to increase the food production and reduction in arable land available. Furthermore, the increase in acceptance and area under GM crop, followed by growth in globalized trade for processed seed, are some of the major factors driving the growth of the market globally. The high prices of processed seeds are one of the significant restraining factors for the process equipment market for seed industry.
In 2016, the cereals & grains segment accounted for the largest share of the processed market, in terms of value. Cereals & grains are the staple food for a majority of the population; they are a major source of energy and are used in higher quantities to fulfill the energy requirements of the livestock. Growth in population, rise in income levels, increase in seed replacement rate in areas under cultivation, R&D breakthroughs, utilization for biofuel production, and intensive agriculture practices followed by farmers to increase yield and productivity are the major driving factors for this segment.
Mechanical seed processing includes activities such as cleaning, sorting, grading polishing, treatments such as steam, heat, or irradiation for seed protection and packaging, which means they function by segregating and disinfecting the seeds through non-chemical methods. All the seeds that are commercially available are processed to increase their performance.
Seed cleaning is one of the vital functions of farming. Cleaning reduces the seed wastage and ensures high-quality seed material is available in the market. It is the basic processing that is important to reduce the efforts while sowing and also are helpful for mechanical sowing. The increasing seed processing has increased the demand for the seed cleaners.
North America is estimated to be the largest region in the processed seed market and Asia Pacific is estimated to dominate the seed processing equipment market in 2017.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Processed Seeds Market, By Crop Type
7 Processed Seeds Market, By Method
8 Seed Processing Equipment Market, By Type
9 Process Equipment Market for Seed Industry, By Region
10 Competitive Landscape
11 Company Profiles
- Alvan Blanch Development Company
- Cimbria A/S
- KWS Group
- Lewis M. Carter Manufacturing
- PETKUS Technologie
- The DOW Chemical Company
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