According to Stratistics MRC, the “Global Biological Seed Treatment Market” is accounted for $823.48 million in 2018 and is expected to reach $2,493.54 million by 2027 growing at a CAGR of 13.1% during the forecast period. Increasing demand for chemical-free crops, less labour intensity, and focus on premium quality agricultural products are the major factors driving the market growth. However, limited product availability may hinder the growth of the market.
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Biological seed treatments include the utilization of natural materials such as plants, bacteria and fungi, for seed treatment technique. It gives numerous advantages to farmers by protecting plants against pests and diseases and increases the productivity of the crops. The biological treatment gives a crucial advantage in a critical time window for establishing yield and can contribute to long-term sustainability in agriculture.
Opportunity: Bio encapsulation technologies for improved environmental persistence
Research and developments in the field of agricultural practices have been shifting toward the production of inoculants, which could eventually lead to the advent of improved and propelled formulations to ease application processes and improve the viability of products. Traditional types of formulations, solid or liquid, lead to few issues related to the low viability of microorganisms during the storage and application process. However, this problem can be addressed by the immobilization of microorganisms.
This immobilization profoundly improves the period of usability and efficacy of the formulation, keeping it viable for a longer duration. Bioencapsulation advancements could likewise bring about a controlled microbial release, thereby improving application efficacy. Such technologies have the ability to enormously improving the persistence of biological seed treatments in the soil environment and thereby providing ample opportunities for market growth.
Driver: Sustainable technologies to improve crop efficiency generates profound interest in biologicals
Increasing benefits of biological products making farmers and agronomists focus on the key point of improving the yield capability of crops will boost the market. Biological seed treatments in recent years have exposed extraordinary possibilities in improving products productivity on a variety of aspects. Many vendors in this market are offering products that promise to improve the water and nutrient consumption in different plants, such as corn and cash crops. Furthermore, biological seed treatments have shown effectiveness in protecting plants against a wide scope of pests and diseases, thus being a key determinant of crop yield.
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Depending on the type, the microbial segment is expected to grow at the significant market share during the forecast period as microbial inoculation is an effective seed treatment for crops. These are highly effective in protecting crops from drought, insects, pests, and plant diseases. Seeds treatment offers an efficient mechanism for the placement of microbial inoculum in the soil environment, where they are suitably positioned to colonize the seedling & roots and ensure them against soil-borne diseases and pests.
Asia Pacific region is anticipated to hold considerable market share during the forecast period:
By geography, the Asia Pacific region is anticipated to hold considerable market share during the forecast period due to strong growth of agriculture sector in countries, growing demand for organic products and increasing awareness regarding environmental and health hazards among farmer’s regarding the usage of chemical substances.
Some of the key players in Biological Seed Treatment Market include BASF, Bayer, Dupont, Precision Laboratories, Syngenta, Koppert, Italpollina, Valent Biosciences, Monsanto Bioag, Incotec, Plant Health Care, Verdesian Life Sciences, Groundwork Bio Ag, Novozymes, and Marrone Bio Innovations.
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Italpollina: In Mar 2019, Italpollina acquires Horticultural Alliance Inc. which specializes in an organic approach to plant health and maintenance through the use of mycorrhizal inoculants and beneficial bacteria in horticulture. This acquisition provides an efficient route to the landscape and nursery markets for Italpollina products – especially our line of beneficial microbials which will be used as source ingredients.
Plant Health Care: In Plant Health Care, Plant Health Care launched Harpin αβ product for seed treatment applications to field corn. Harpin αβ works by triggering the corn plant’s self-defence systems, like vaccinations in humans. The plant responds with improved vigor, healthy growth, heightened defence response and, ultimately, increased yield.
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