According to a new market research report titled, “Biological Seed Treatment Market by Type (Microbial {Bacteria}, Biochemical), Formulation (Liquid Formulation), Application Techniques (Seed Coating), Crop Type (Cereals & Grains {Corn, Wheat}, Oilseeds {Cotton}), and Geography - Forecast to 2029,” the biological seed treatment market is expected to record a CAGR of 12.7% from 2022–2029 to reach $3.59 billion by 2029.
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Biological seed treatment procedures involve the use of microorganisms as biological agents to keep the seeds safe from pathogens as opposed to the conventional method of using chemicals. Biological seed treatments rely on active ingredients, including living microbes, fermentation products, plant extracts, and phytohormones
There has been an increase in the use of bio-based products as more farmers transition to organic farming due to the increased demand for organic and chemical residue-free products. Furthermore, the growing consumer awareness regarding the adverse effects of intensive and repeated fungicide applications on the environment has driven the demand for non-toxic and cost-effective antifungal substances that can improve seed germination and seedling vigor.
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The effects of the COVID-19 pandemic on this market were felt in China starting in 2020, as the country is one of the world's largest raw material suppliers for the biological seed treatment industry. Most European and North American biological seed treatment companies imported key active ingredients used in producing biologicals, mainly from China and other Asian countries. The current crisis being persistent suggested low availability of raw materials as the cropping season progressed. This created a scarcity of products in high-growth markets, such as the U.S., Brazil, Spain, and Italy.
Therefore, a complete halt in the transportation and logistics industry and reduced production in some countries due to lockdowns are projected to adversely affect the global biological seed treatment market in terms of volume sales in 2020 and 2021.
Based on type, the microbial segment is expected to grow at the highest CAGR during the forecast period of 2022—2029. Its beneficial properties, such as ease of handling, stimulating plant growth, promoting soil biodiversity, and addressing specific issues, such as nitrogen fixation in legumes, are expected to boost the demand for microbial seed treatment in the market. Also, growing awareness about environmental safety and rising government initiatives are expected to offer significant opportunities for microbial seed treatment during the forecast period.
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Based on formulation, in 2022, the liquid formulation segment is estimated to account for the largest share of the biological seed treatment market. The large share of this market is mainly attributed to factors such as uniform & easy application of liquid formulations, better performance, and higher effective duration (up to 6 months) than dry formulations (up to 3 months). Moreover, the product and operator safety aspects compared to dry formulations are the key factors attributed to the growth of this segment.
The fast growth of this segment is mainly attributed to its highly effective and beneficial properties for farmers and the environment. It also provides a wide range of benefits, including improved seedling vigor through added nutrients, faster germination, extended growing season, improved nutrient uptake, enhanced root development, and protection against disease, temperature, and excessive moisture/drought. Thus, all these factors increase the adoption of the seed dressing technique.
Based on crop type, in 2022, the cereals & grains segment is expected to account for the largest share of the biological seed treatment market. This segment’s large share is mainly attributed to the growing demand for cereal & grains for food & feed with the growing population and increasing industrial applications such as animal feed, biofuel, and starch & ethanol production.
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Based on function, in 2022, the seed protection segment is estimated to account for the largest share of the global biological seed treatment market. The large share of this segment is mainly attributed to the higher use of seed treatment products for seed protection due to benefits offered by these products, such as low cost, ease of handling, protection of seeds from insects during storage, prevention against seed diseases, and compatibility with inoculants. However, the seed enhancement segment is expected to grow at the highest CAGR during the forecast period of 2022—2029. Biological and seed coating & pelleting enhancement techniques are the most widely practiced advanced seed treatments used to improve crop yield, germination, and storage of seeds.
Some of the key players operating in the global biological seed treatment market are BASF SE (Germany), Bayer AG (Germany), Syngenta AG (Switzerland) (a part of China National Chemical Corporation/ChemChina), Corteva Inc. (U.S.), UPL Limited (India), Nufarm Limited (Australia), FMC Corporation (U.S.), Verdesian Life Sciences, LLC (U.S.), Novozymes A/S (Denmark), Valent BioSciences LLC (U.S.), Croda International Plc (U.K.), and Precision Laboratories, LLC (U.S.), among others.
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