Increasing 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