Biological Seed Treatment Market Size, Share, Revenue, Trends And Drivers For 2024-2033

LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ -- The global biological seed treatment market has witnessed robust growth in recent years, expanding from $3.61 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. This growth can be attributed to increasing awareness of sustainable agriculture, regulatory support for biopesticides, and the rising need for integrated pest management (IPM). The demand for higher crop yields and a focus on soil health have also driven the market. Looking ahead, the market is expected to reach $5.57 billion by 2028, growing at a CAGR of 8.9%. Key factors contributing to this growth include the increasing demand for organic farming, the impact of climate change, and the emphasis on sustainable crop protection.

Surge in Biological Seed Treatment Market Fueled by Growing Demand for Agricultural Products
The growing demand for agricultural products is a significant driver of the biological seed treatment market. Agricultural products, which include crops, cereals, fruits, and vegetables, are essential for human consumption, industrial use, and further processing. Biological seed treatment enhances plant growth, protects plants from pests and diseases, and improves root development and soil health. For example, California's organic product sales reached $14 billion in 2021, marking a 16.4% increase from 2020, while the state's agricultural product exports were valued at approximately $22.5 billion in 2021, a 7% increase from the previous year. This rising demand for agricultural products is propelling the growth of the biological seed treatment market.

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Key Players and Technological Advancements in the Market
Major companies operating in the biological seed treatment market include BASF SE, Bayer AG, Syngenta AG, Novozymes, Valent BioSciences, Corteva Inc., and others. These companies are focused on technological advancements to strengthen their market position. For instance, Syngenta AG, a Swiss-based agriculture science and technology company, launched VICTRATO^® in May 2022, which features TYMIRIUM^® technology. This novel technology offers long-lasting protection against plant parasitic nematodes and key fungal diseases for various crops.

Market Trends
The biological seed treatment market is evolving rapidly, with increasing investments in research and development, and growing interest from farmers looking for sustainable solutions.

Market Segments
• Crop Type: Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops, Other Crops
• Type: Microbials, Botanical, Other Types
• Function: Seed Enhancements, Seed Protection
• Formulation: Liquid Formulation, Dry Formulation

Geographical Insights: North America Leading The Market
North America was the largest region in the biological seed treatment market in 2023. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by increasing agricultural activities and the adoption of advanced farming practices.

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Biological Seed Treatment Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Biological Seed Treatment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on biological seed treatment market size, biological seed treatment market drivers and trends, biological seed treatment market major players, biological seed treatment competitors' revenues, biological seed treatment market positioning, and biological seed treatment market growth across geographies. The biological seed treatment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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