Seed Processing Market is Estimated to Reach $16.6 billion by 2025
by Mit K. SEOThe report "Seed Processing Market by Type (Seed
Treatment, Seed Coating Material), Crop Type (Cereals & Grains, Oilseeds
& Pulses, Vegetables, Flowers & Ornamentals), Equipment (Cleaners,
Gravity-separators, Graders, De-stoners), & Region - Global Forecast to
2025" The seed processing market is estimated at USD
9.1 billion in 2019 and is projected to reach USD 16.6 billion by 2025,
recording a CAGR of 10.6% during the forecast period. This is mainly driven by
the rise in demand for high-quality seeds from the developed regions of Europe
and North America. Apart from this, the rise in awareness among farmers about
the benefits associated with seed treatment products in Asia Pacific is further
projected to drive the growth of the seed processing market. Ease of trade
between countries and regions is projected to create lucrative opportunities
for seed processing equipment companies.
The
seed treatment segment is projected to be the fastest-growing in the seed
processing market during the forecast period.
In Asia Pacific, particularly in countries such as India,
farmers are replacing seeds saved from previous crops with advanced seeds
developed by seed companies. The rise in demand for hybrid seeds due to factors
such as the increase in the middle-class population, rise in disposable income,
and growth in the food processing sector is projected to drive the growth of
the seed processing market in the developing regions. Seed treatment products
usually include insecticides, bactericides, and fungicides. They provide
enhanced crop cultivation solutions at a relatively low cost as compared to
spraying, which makes it one of the preferred treatments for seeds. Thus, seed
treatment manufacturers are projected to witness significant growth in
developing countries.
The
cereals & grains segment is projected to record the fastest growth during
the forecast period.
Cereals & grains are consumed as staple food products in
many countries. They include wheat, rice, corn, sorghum, oats, and barley. Rice
forms a staple food for consumers in many developing countries. It is mainly
consumed in Asia, Africa, Latin America, and the Caribbean. Corn is consumed on
a larger scale in the US, with the country being the largest producer of corn
at the global level. Thus, increasing awareness of the benefits of seed
processing, such as enhanced seed germination and protection from pathogens, is
a key factor that is projected to drive the growth of the cereals & grains
segment in the seed processing market.
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The
gravity-separators segment is projected to record the fastest growth during the
forecast period.
Gravity-separators forms a critical part of the processing of
corn, wheat, rice, soybean, sorghum, and various vegetables. In the US, Lewis
M. Carter is among the prominent companies in the seed processing market, and
the company has launched new products for its gravity-separators products. The
US is projected to be a key revenue generator for seed processing equipment
companies, as it is a leading producer for crops, such as wheat, corn, and
soybean.
Asia
Pacific is projected to be the fastest-growing market during the forecast
period.
The Asia Pacific seed processing market is projected to be the
fastest-growing during the forecast period. Countries such as China and
Australia constituted the largest markets in the Asia Pacific region. China is
projected to create lucrative opportunities for seed processing companies. The
country is the second-largest market for planting seeds, after the US, as per
the USDA. It is among the largest producers of crops, such as soybean and
wheat. Australia is backed by the leading seed treatment company, Nufarm.
Furthermore, India is projected to be another key revenue generator due to the
rise in awareness among farmers about seed treatment products. Thus, Asia
Pacific stands as a high growth market for the seed processing market.
This report includes a study of marketing and development
strategies along with product portfolios of leading companies in the seed
processing market. It consists of the profiles of leading companies such as
Bayer (Germany), BASF (Germany), Corteva (US), Syngenta (Switzerland), Nufarm
(Australia), Lanxess (Germany), Clariant (Switzerland), Incotec (Netherlands),
Sensient Technologies (US), Cimbria (Denmark), Alvan Blanch Development Company
Ltd. (UK), PETKUS Technologie GmbH (Germany), Lewis M. Carter Manufacturing,
LLC (US), WESTRUP A/S (Denmark), Seed Dynamics (US), Germains Seed
Technology (US), Chromatech (US), Centor Group (Australia), and Precision
Laboratories (US).
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Created on Sep 30th 2021 09:40. Viewed 238 times.