Increase in Global Trade for Processed Seeds to Drive the Seed Processing Market Growth
by Mit K. SEOThe 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.
Download PDF
brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16710368
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.
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.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=16710368
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).
Sponsor Ads
Created on May 18th 2021 06:33. Viewed 191 times.