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Key Players of the market include BASF SE (Germany), Bayer CropScience AG (Germany), Monsanto (U.S.), Valent Biosciences Corporation (U.S.), Syngenta AG (Switzerland), and Italpollina S.P.A (Italy).
Dallas (PRWEB) April 28, 2015
The market for biological seed treatment has a significant impact on agriculture production. The driving factors for this market are the increasing global population & food requirements, rise in cost of fertilizers & pesticides, rise in organic & environmental-friendly farming practices, easier residue management, and promotion of microbial products by government agencies.
Browse 73 market data tables and 86 figures spread through 197 pages and in-depth TOC on the Biological Seed Treatment Market
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The market is segmented and the value is projected on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The market size is projected on the basis of type, crop type, and region. The market for biological seed treatment has a significant impact on crop production. Biological seed treatments are broadly categorized into microbials and botanicals on the basis of types.
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The value of the biological seed treatment market is estimated to be $304.32 million in 2014 and growing at a CAGR of 13.0% during the forecast period. In this report, the biological seed treatment market is segmented by type, crop type, region type and analysed in terms of value ($million).
The microbial seed treatment segment accounted for the largest share and was followed by the botanicals segment, in 2013. All segmented types of biological treatments are essential for crop growth, yield enhancement, and to kill a variety of pests. In 2013, North America accounted for the largest share of the microbials segment. In the same year, Europe contributed the second-largest share.
The biological seed treatment market consists of four crop types: cereals & grains, oilseeds & pulses, fruits & vegetables, and other crops. Other crops include turf, forage, and ornamental & plantation crops. The demand for biological seed treatment for the cereal & grains segment accounted for the largest share in 2013, and was followed by the fruits & vegetables segment, in the same year. For cereals & grains, North America was the largest market for biological seed treatment in 2013, followed by the European region.
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Leading companies are engaging in the production of biological seed treatment on a global scale, because it is considered to be a growing market in the agriculture industry. Existing companies are actively introducing new agricultural microbial products with different active ingredients to satisfy the expected crop yields.
Companies such as BASF SE, (Germany), Bayer CropScience AG (Germany), Monsanto (U.S.), Valent Biosciences Corporation (U.S.), Syngenta AG (Switzerland), Italpollina S.P.A (Italy), Koppert B.V. (U.S.), Arysta LifeScience Limited (Japan), and Novozymes (Denmark) are the key players of the biological seed treatment market. These companies use various strategies to make their products unique, pest- and crop-specific, and to increase agricultural production by minimizing crop loss.
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