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New Revenue Pocket: Biological seed treatment Market
The biological seed treatment market is an upcoming one, wherein companies are adopting different development strategies to increase their market presence.
BASF SE, (Germany), Bayer CropScience AG (Germany), Monsanto (U.S.), Valent Biosciences Corporation (U.S.), Syngenta AG (Switzerland), Italpollina S.P.A (Italy), Koppert B.V. (U.S.), Arysta LifeScience Limited (Japan), and Novozymes (Denmark) are the leading players in this market and are establishing their presence through expansion of their production capacities.
The biological seed treatment market is being driven by the growing demand for agricultural food production. Innovative biological seed treatment technique is developed to kill targeted pests and this area is the untapped potential of the market. The market in the North American region is projected to grow at the highest CAGR of 14.2% during the forecast period. In the Asia-Pacific region, China, Japan, India, and Australia are estimated to have immense market potential.
The environmental regulations in the European Union and the U.S. are becoming more stringent with respect to the use of chemicals. Due to stringent regulations enforced to control environmental pollution and damage to aquatic life, the usage of chemicals is limited or banned for agricultural purposes. In this region, biological compounds with microbes are better appreciated because of their environmental benefits.
Biological Seed Treatment Market by Type (Microbial & Botanicals), Crop Type (Cereals & Grains, Oilseeds, & Pulses, Fruit & Vegetables) & Region - Global Trends & Forecast to 2019
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