Seed Processing Market is Projected to reach $16.6 Billion by 2025
by Mit K. SEOAccording to the new market research 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", published by MarketsandMarkets™, 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.
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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.
Browse in-depth
TOC on "Seed Processing Market"
105 – Tables
48 – Figures
188 – Pages
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.
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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 Feb 18th 2021 10:16. Viewed 264 times.