Biological Seed Treatment Market Research Report: Global Analysis by Bayer CropScience, BASF SEA Chapter by Markets InsightsThe global biological seed treatment market size was USD 830.3 million in 2018 and is expected to grow at an estimated CAGR of 11.6 % from 2019 to 202The global Biological Seed Treatment Market size is projected
to reach USD 1.8 billion by 2025, exhibiting a remarkable CAGR of 11.6%, according
to a new report by Grand View Research, Inc. Rising inclination of consumers
toward pesticide-free crops is likely to drive the market growth over the
forecast period. Biological treatment uses naturally-derived raw materials to
protect seeds from various pests and diseases. According to a research conducted by The Energy and
Resources Institute (TERI), New Delhi, India, biological seed treatment of
corn, soybeans, cotton, and cereal grains has resulted in an increased yield of
up to 10.0%. The treatment acts as a biostimulant and helps facilitate early
growth rate. It promotes microorganisms to colonize the roots, thus protecting
the crops during the entire growth season. Biological seed treatment is garnering more
importance as compared to chemical treatment due to the shifting preference of
consumers toward healthy and organic food. The harmful side effects resulting
from excessive usage of chemical products have led to rising awareness related
to biobased products. In most of the developing countries, farmers have started
adopting organic farming, which has directly impacted market penetration. Biofungicides and bioinsecticides are mainly used
for seed protection while biofertilizers and biostimulants are used for seed
enhancement to boost harvesting yield and quality. Among these, biofungicides
are likely to witness relatively higher growth rate and the segment is
anticipated to grow at a CAGR of 12.1%, in terms of revenue, from 2019 to 2025. Europe was the largest product consumer with a
market share of over 38.8%, in terms of volume, in 2018. The region is
anticipated to grow at a CAGR of 10.0% from 2019 to 2025. The growing
agriculture industry aided by land availability and government support is
likely to pave the way for growth of the European market. Various regulations
have been established by multiple agencies against the excessive use of
synthetic agricultural chemicals in the region, which are in turn projected to
benefit the market growth. Request
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Added on August 26, 2020 Last Updated on August 26, 2020 Tags: Biological Seed Treatment Market AuthorMarkets InsightsFelton, CAAboutAbout Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer c.. more..Writing
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