by Biological seed treatments enhance crop resilience against diseases and pests, offering an eco-friendly alternative to chemical-based seeds protection. Biological seed treatments involve treating seeds with naturally occurring substances like plant extracts, microbial inoculants, pheromones or other biological agents to control or prevent seed/soil-borne diseases and promote plant health. They strengthen seed germination and seedling vigour, enabling improved crop establishment. Some key biological agents used in seed treatments include Trichoderma species, Bacillus species, Pseudomonas species, Streptomyces species and plant-derived essential oils. As consumers continue to favour sustainably produced food amid growing environmental concerns, biological seed treatments are increasingly adopted by farmers to boost crop yields in an eco-friendly manner.
The global Biological Seed Treatment Market is estimated to be valued at US$ 1186.51 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Biological seed treatments continue to gain popularity among farmers as a natural alternative to synthetic pesticides and fungicides. One of the major trends driving the biological seed treatment market is the shift towards sustainable agricultural practices. With growing consumer demand for organic food and increasing environmental regulations restricting the use of chemical crop protection products, biological seed treatments are emerging as a sustainable solution. Their ability to strengthen plant immune response and provide season-long protection against various pathogens without disturbing the surrounding soil microbiome further augment their adoption. Owing to such advantages, biological seed treatment market is expected to witness steady growth over the forecast period.
Porter’s Analysis
Threat of new entrants: The global biological seed treatment market has moderate barriers to entry due to high R&D costs and technological requirements. However, the growing awareness regarding sustainable agriculture practices is encouraging new players to enter this industry.
Bargaining power of buyers: The bargaining power of buyers in the global biological seed treatment market is high as many established players offer a variety of biological seed treatment products. Buyers can easily switch to alternative products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials for biological seed treatments such as microbes are available from numerous suppliers globally. However, compliance with stringent regulations increases suppliers’ bargaining power.
Threat of new substitutes: Chemical-based seed treatment substitutes still dominate the market. However, the growing preference for eco-friendly substitutes is increasing the threat of new substitutes such as plant growth-promoting rhizobacteria and plant resistance inducers in the market.
Competitive rivalry: The global biological seed treatment market witnesses high competitive rivalry due to the presence of numerous international and domestic players offering a wide range of product portfolios. Players compete based on product quality, price, distribution network, and innovation.
Key Takeaways
The global Biological Seed Treatment Market Growth is expected to witness high over the forecast period supported by the rising adoption of sustainable agricultural practices and the need to improve crop yields. The global Biological Seed Treatment Market is estimated to be valued at US$ 1186.51 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
North America dominates the global biological seed treatment market and is expected to grow at a significant rate during the forecast period. Favorable government initiatives and awareness among farmers regarding the benefits of biological seed treatments are fueling market growth in the region.
Key players operating in the biological seed treatment market are Allan Chemical Corporation, CABB GmbH, Changshu Nanhu Chemical Co., Ltd., Fujian Fukang Pharmaceutical Co., Ltd., Nantong Zhongwang Additives Co., Ltd., Karn Chem Corporation, Niacet Corporation, NOAH Technologies Corporation, Shanxi Xinzhou Chemical Reagent Factory, and Spectrum Chemical Manufacturing Corporation. These players are focused on new product launches and expansion strategies to strengthen their market presence. For instance, in January 2022, CABB launched a new biofungicide – Rebound Fungicide – for control of diseases in wheat, barley, oats and corn.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
