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Biological Seed Treatment Is Fastest Growing Segment Fueling The Growth Of Biological Seed Treatment Market

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ashwinicmi
Biological Seed Treatment Is Fastest Growing Segment Fueling The Growth Of Biological Seed Treatment Market

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:

Biological seed treatment involves application of beneficial microorganisms like bacteria, fungi and other micronutrients to enhance seed performance. It helps in promoting plant health and improving crop yields. Biological seed treatment protects seeds and seedlings from diseases and other pathogens.

Market key trends:

Increased inclination towards organic farming practices and emergence of biological products as an alternative to chemical seed treatment are some of the major factors augmenting growth of the global biological seed treatment market. Additionally, rising awareness about adverse effects of chemical pesticides and growing demand for highvalue crops is further fueling the market growth. Moreover, stringent regulations regarding use of chemicals coupled with support from various governmental organizations to promote bio-inputs are few other trends boosting adoption of biological seed treatment globally.


Segment Analysis

Biological Seed Treatment Market is segmented into crop type, application method, function, and region. Based on crop type, the cereals & grains segment dominated the global biological seed treatment market in 2022 and is expected to maintain its dominance over the forecast period. This is due to the high adoption of biological treatment techniques for cereals and grains due to their wide cultivation area.

Key Takeaways

The Global Biological Seed Treatment Market Size was valued at US$ 1186.51 Mn in 2023. It is expected to witness high growth, exhibiting a CAGR of 8.1% over the forecast period 2023-2030, due to the increasing demand for sustainable and organic farming practices.

Regional analysis

North America dominated the global biological seed treatment market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to the growing awareness about the benefits of biological treatment among farmers in the region. Asia Pacific is expected to witness the fastest growth over the forecast period due to the increasing organic farmland in countries like India and China.

Key players

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. BASF SE is the market leader due to its wide product portfolio and strong geographical presence across major markets.

Read More:

https://www.marketwebjournal.com/biological-seed-treatment-market-forecast-demand-and-insights/

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