The global biological seed treatment is expected to grow at a considerable rate throughout the forecast period owing to their inherent prefer ability over other pest control methodologies. The rising global food requirements, encouraging government policies towards microbial products and growing demand for organic and environment friendly products are some of the major drivers expected to drive demand for this market. The overall increase in quality of agricultural produce as a consequence of using organic seed treatment is also expected to attract demand for biological seed treatment market.
The primary segmentation of this market is achieved by dividing the biologically treated seeds by their crop type which segments them into oilseeds & pulses, grains & cereals, vegetables & fruits. Some of the other types of crops included in the market are forage, turf, plantation and ornamental crops. Owing to the high market demand present for grains and cereals, the largest share of the market is accounted for by this segment. A treatment type-wise segmentation of the market includes microbial treatments and botanical treatments where microbial would use bacteria and fungi among others. Owing to their better environment friendly characteristics, relative cost effectiveness as compared to fertilizers, ease in management of residue is the primary drivers for the growth of this segment over the forecast period.
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In 2013, the largest market was observed to be dominated by North America. Due to the presence of technologically advanced agriculture practices and high yielding farming techniques and equipments, it is expected that over the coming six years the global biological seed treatment market is going to be dominated by this region. In terms of usage rates for these treated seeds, agricultural segments of Europe are second only to North America and are expected to grow at a considerable rate through to 2020.
With h the presence of a large population base and increasing technological developments in the emerging economies of India and China, it safe to expect that the most lucrative growth of this market can be expected for the Asia Pacific region. The major participants in the biological seed treatment market are Bayer CropScience AG, Valent Biosciences Corp., Italpollina,S.p.a., Arysta LifeScience Ltd., BASF SE, Monsanto, Syngenta AG, Koppert B.V. and Novozymes.
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