The seed processing market is estimated at USD 9.1 billion in 2019 and is projected to reach USD 16.6 billion by 2025, recording a CAGR of 10.6% during the forecast period. The global seed processing market is projected to grow in the coming years due to the increased trade of processed seeds at the global level, growing awareness among farmers in the emerging Asia Pacific region pertaining to advantages of seed treatment, and rise in investments from governments and companies. In developed countries, the demand for high-quality crops is projected to play a key role in increasing the sales of seed treatment products; Europe is projected to be a key revenue generator in the seed processing market. The region has the presence of leading players operating in the seed processing market, which include leading seed treatment companies such as Bayer (Germany), BASF (Germany), and Syngenta (Switzerland). In addition, the region witnesses the presence of leading seed processing equipment companies, such as Cimbria (Denmark), Alvan Blanch (UK), PETKUS Technologie GmbH (Germany), and Westrup (Denmark). Thus, seed processing manufacturers have high growth prospects in the coming years in both developed and developing countries.
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Key players in the seed processing market include Bayer (Germany), BASF (Germany), Corteva (US), Syngenta (Switzerland), Nufarm (Australia), Lanxess (Germany), Clariant (Switzerland), Incotec (Netherlands), Sensient Technologies (US), Cimbria (Denmark), Alvan Blanch Development Company Ltd. (UK), PETKUS Technologie GmbH (Germany), Lewis M. Carter Manufacturing, LLC (US), WESTRUP A/S (Denmark), Seed Dynamics (US), Germains Seed Technology (US), Chromatech (US), Centor Group (Australia), and Precision Laboratories (US).
The Asia Pacific seed processing market is projected to be the fastest-growing during the forecast period. Countries such as China and Australia constituted the largest markets in the Asia Pacific region. China is projected to create lucrative opportunities for seed processing companies. The country is the second-largest market for planting seeds, after the US, as per the USDA. It is among the largest producers of crops, such as soybean and wheat. Australia is backed by the leading seed treatment company, Nufarm. Furthermore, India is projected to be another key revenue generator due to the rise in awareness among farmers about seed treatment products. Thus, Asia Pacific stands as a high growth market for the seed processing market.
In Asia Pacific, particularly in countries such as India, farmers are replacing seeds saved from previous crops with advanced seeds developed by seed companies. The rise in demand for hybrid seeds due to factors such as the increase in the middle-class population, rise in disposable income, and growth in the food processing sector is projected to drive the growth of the seed processing market in the developing regions. Seed treatment products usually include insecticides, bactericides, and fungicides. They provide enhanced crop cultivation solutions at a relatively low cost as compared to spraying, which makes it one of the preferred treatments for seeds. Thus, seed treatment manufacturers are projected to witness significant growth in developing countries.
Cereals & grains are consumed as staple food products in many countries. They include wheat, rice, corn, sorghum, oats, and barley. Rice forms a staple food for consumers in many developing countries. It is mainly consumed in Asia, Africa, Latin America, and the Caribbean. Corn is consumed on a larger scale in the US, with the country being the largest producer of corn at the global level. Thus, increasing awareness of the benefits of seed processing, such as enhanced seed germination and protection from pathogens, is a key factor that is projected to drive the growth of the cereals & grains segment in the seed processing market.
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Gravity-separators forms a critical part of the processing of corn, wheat, rice, soybean, sorghum, and various vegetables. In the US, Lewis M. Carter is among the prominent companies in the seed processing market, and the company has launched new products for its gravity-separators products. The US is projected to be a key revenue generator for seed processing equipment companies, as it is a leading producer for crops, such as wheat, corn, and soybean.
Jun 15, 2022
Seed Processing Market- Emerging Trends & Industry Forecast
The seed processing market is estimated at USD 9.1 billion in 2019 and is projected to reach USD 16.6 billion by 2025, recording a CAGR of 10.6% during the forecast period. The global seed processing market is projected to grow in the coming years due...
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