Biological Seed Treatment Market Growth Accelerated by Rise in Agricultural Commodity Prices
Biological seed treatments offer multiple advantages over chemical seed treatment such as enhanced plant growth and protection against various pathogens without toxic chemical residues. With growing concerns about food security and sustainable agricultural practices, biological seed treatment is gaining more prominence as it promotes the health of soil by improving fertility and rebuilding its natural balance.
The global Biological Seed Treatment Market is estimated to be valued at US$ 1,186.51 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The ongoing conflict between Russia and Ukraine has disrupted global supply chains and pushed up prices of wheat, corn and other agricultural commodities. As biological seed treatments help boost crop yields in a natural and sustainable manner, more farmers are adopting these solutions to maximize output from their existing farmland amid higher input costs. Increased focus on integrated pest management practices and environment-friendly farming is also propelling the demand for biological seed treatments.
Segment Analysis
The global biological seed treatment market is dominating in the cereals & grains sub segment. Cereals & grains account for more than 45% of the market share owing to the large area under cultivation for cereals and grains globally. Cereals & grains require extensive seed treatment solutions to enhance germination and boost yield.
Key Takeaways
The Global Biological Seed Treatment Market Size is expected to witness high growth over the forecast period from 2023 to 2030.
Regional analysis shows that North America is dominating the market currently with more than 30% share due to extensive research and development activities in the region. However, Asia Pacific is expected to witness the fastest growth over the coming years due to rising population and increasing demand for food.
Key players operating in the biological seed treatment market are Acelity L.P. Inc., Allergan Plc., Athersys, Inc., B. Braun, BioMimetic Therapeutics, Bio Tissue Technologies, C. R. Bard, International Stem Cell, Integra Lifesciences, Medtronic, Inc., Organogenesis Inc., Osiris Therapeutics, RTI surgical, Inc., Stryker Corporation, Tissue Regenix Group Plc., and Zimmer Biomet.
For more Insights, Read –
https://www.marketwebjournal.com/biological-seed-treatment-market-trends-size-and-share-analysis-3/
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