Seed Processing Market to Witness Significant Growth until 2025
by TechSci Research Market Research ReportsIncreasing
adoption of advanced agricultural practices is expected to drive the growth of
global seed processing market
According
to TechSci Research report, “Global Seed Processing
Market By Type (Seed Treatment v/s Seed Coating Material), By Equipment
(Cleaners, Gravity Separators, Dryers, Graders, De-Stoners, Others), By Crop
Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables,
Flowers & Ornamentals, Others), By Region, Forecast & Opportunities,
2025”, the global seed processing market
is expected to grow at a steady rate during the forecast period on account of
the growing demand of processed seeds for trading purposes. Additionally, the
widespread adoption of advanced seeds or processed seeds and replacement of the
seeds of the previous crop by the farmers, is further expected to propel the
market growth through 2025. Furthermore, growing investments by the different
governments across the world to improvise the seed quality in order to increase
the production is further expected to spur the market growth over the next few
years. Besides, technological advancements and new product launches by the
major players operating in the market is expected to create lucrative
opportunities for the market growth during the forecast period. However,
regulations on the production and use of genetically modified crops might
hamper the market growth during the forecast period.
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The global seed processing market is segmented based on type, equipment,
crop type, company and region. Based on type, the market can be split into seed
treatment and seed coating material. The seed treatment segment is expected to
dominate the market through 2025. The seed treatment can further be classified
into chemical, non-chemical, physical, biological, microbial and botanical. The
physical treatment is expected to hold a significant market share since it
provides effective control against contamination during storage. The seed coating material segment is also expected to
witness significant growth in the market during the forecast period. The seed
coating material can further be grouped into polymers, colorants, pellets,
minerals/pumice and others. The
minerals/pumice segment is expected to hold a significant market share since it
imparts porosity which helps in seed germination and protection. Based on
equipment, the market can be segmented into cleaners, gravity separators,
dryers, graders, de-stoners and others. The dryers segment is expected to hold
the largest market share through 2025 on account of the growing demand for
processed seeds. Based on crop type, the market can be fragmented into cereals
& grains, oilseeds & pulses, fruits & vegetables, flowers &
ornamentals and others. Among these, the cereals & grains segment is
expected to dominate the market on account of the growing demand from the food
and feed industry.
BASF SE, Bayer CropScience, Corteva, Inc., Syngenta AG, Nufarm Limited,
Lanxess AG, Clariant AG, Sensient Technologies, Alvan Blanch Development
Company Ltd., PETKUS Technologie GmbH, Lewis M. Carter Manufacturing, LLC,
Germains Seed Technology, Chromatech, Centor Group, Precision Laboratories and
others are some of the leading players operating in global seed processing market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“Asia Pacific is expected to register significant
growth in the global seed processing market during
the forecast period, owing to the widespread adoption of high yielding
varieties of seeds in the region such as BT cotton, single cross corn hybrids,
among others. Additionally, supportive government policies & schemes and
increase in subsidies and grants by the government for increasing the crop
production in the region is further expected to fuel the market growth through
2025. Furthermore, growing middle class population, increasing disposable
income and purchasing power further drive the market growth in the region
through 2025.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Seed Processing Market By Type (Seed
Treatment v/s Seed Coating Material), By Equipment (Cleaners, Gravity
Separators, Dryers, Graders, De-Stoners, Others), By Crop Type (Cereals &
Grains, Oilseeds & Pulses, Fruits & Vegetables, Flowers &
Ornamentals, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global seed
processing market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global seed processing market.
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Source : TechSci Research
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Created on Jul 17th 2020 08:16. Viewed 365 times.