Global biological seed treatment market to reach $560.98 million by 2019

According to the report “Biological Seed Treatment Market - Global Trends & Forecast to 2019”, the market for biological seed treatment is estimated to be worth $304.32 million in 2014, and is projected to reach $560.98 million by 2019, at a CAGR of 13.0%. In 2013, North America was the largest market, this market is projected to grow to $183.61 million by 2019, at a CAGR of 13.0%, as studied from 2014. Europe is the second-largest market and is projected to grow at the highest CAGR of 13.4% during the period under review.

The market for biological seed treatment has a significant impact on agricultural production. Biological seed treatments are broadly categorized as microbials and botanicals. Microbials are further segmented as bacteria, fungi, and others (virus and protozoa). These microbial seed treatments are gaining better response compared to other pest control agents. The biological seed treatment market is also segmented on the basis of its applications in different crop types such as cereals & grains, oilseeds & pulses, fruits & vegetables, and others (turf, forage, and ornamental crops).

The cereals & grains segment was found to form the largest market for biological seed treatment in 2013. These microbials are generally used to control household pests and maintain turf & ornamental, but its usage has become essential for all key crops such as tubers, fruits and vegetables.

The driving factors for this market are the increasing world population & food requirements, rise in cost for fertilizers & pesticides, rise in organic & environmental-friendly farming practices, easier residue management, and promotion of microbial products by government agencies. In the face of environmental considerations, the demand for natural bio-pesticides and bio-fertilizers has increased in all parts of the world. Microbial solutions, in agriculture act as a safe investment for farmers as they ensure improvement in plant vigor and protect seed from pests & diseases.

Key participants in the biological seed treatment market include 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). These players are implementing different strategies to achieve growth and development in the biological seed treatment market. New product launches and collaborations have been the key moves undertaken by market players for global expansion.