Comprehensive Seed Processing Market Analysis 2024: Size, Share, And Key Trends
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
What is the Expected Growth Rate of the Seed Processing Market from 2024 to 2033?
In recent times, the seed processing market has expanded at a rapid pace. The projected growth for this market stands at increasing from $11.73 billion in 2023 to $13.11 billion in 2024, depicting a compound annual growth rate (CAGR) of 11.8%. Factors leading to this significant growth during the historic era include the rise in global population, expansion of commercial agriculture, emphasis on improving crop yield, internationally expanding seed trade, supportive governmental agricultural policies, as well as a surge in private investments.
The market size of seed processing is predicted to witness considerable expansion in the coming years. It’s estimated to escalate to $19.64 billion by 2028, with a compound annual growth rate (CAGR) of 10.6%. Factors such as the increasing preference for precision farming, efforts to develop climate-resilient crops, the prevalence of organic farming methods, governmental support for agricultural modernization, and improved seed quality standards are expected to fuel the growth during the projection period. Key trends during this period are expected to be the innovation in seed coating methods, seeds resistant to drought, the inclusion of digital solutions in agriculture, genetically modified (gm) crops, and the implementation of data analytics in seed processing.
Claim Your Free Sample of the Global Seed Processing Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10305&type=smp
What Key Factors Are Fueling the Growth of the seed processing Market?
The growing requirement for superior quality crops is poised to stimulate the expansion of the seed processing market. Crops of high quality are those that boast an excellent mix of appearance, texture, taste, safety, and nourishment. Adequate seed processing is necessary for the production of these high-quality crops. Processing following the harvest is needed to boost the yield, lifespan, vigor, and overall quality of the seed crop. It’s vital to implement effective weed control measures to ensure that weed seeds are not collected with the crop seeds. The application of fungicides is key to battling seed-borne diseases, and timing the harvest correctly is crucial. Moreover, farmers’ heightened awareness has promoted the demand for superior quality crops. For example, a report from the United States Department of Agriculture in September 2022 revealed that the adoption of genetically modified crops is on the rise in the US. Speaking about herbicide-tolerant (HT) crops, soybean HT acreage grew to 95% in both 2021 and 2022 while the area of HT cotton boosted to 94% in 2021. By 2022, over 90% of the local maize acres would have been sown with HT seeds. Furthermore, the area of BT (Bacillus thuringiensis) corn in the country rose to 84% in 2022, and 89% of cotton acres across the US were cultivated with genetically enhanced, insect-resistant seeds in 2022. In conclusion, the burgeoning demand for superior quality crops will spur the seed processing market’s growth.
What Are the Major Segments of the Seed Processing Market?
1) By Type: Seed Treatment, Seed Coating Material
2) By Crop Type: Vegetables, Pulses, Oilseeds, Cereals And Grains, Flowers, Ornamentals, Other Types
3) By Equipment: Cleaners, Gravity-separators, Graders, De-stoners, Seed Treatment, Dryers, Other Equipments
What New Trends Are Transforming the Seed Processing Market?
The rise in product innovations is a predominant trend observed in the seed processing market. Renowned corporations in this market are creating unique products to solidify their market standing. For instance, Bayer AG, a globally recognized German biotechnology and pharmaceutical organization, unveiled a new offering in May 2022 under their SeedGrowth brand. The product, named Routine Start 280FS, is designed to combat rice blast (leaf blast) in early-season rice seeds induced by rice blast fungus, thereby enhancing the yield and efficient use of resources for rice farmers. This innovation demonstrates Bayer’s dedication to creating advanced agricultural solutions that facilitate sustained growth in agriculture. Seed treatment plays a pivotal role in inhibiting rice blast (leaf blast) disease during cultivation and promoting seedling germination.
Order Now for Fast Delivery of Your Seed Processing Market Report!
https://www.thebusinessresearchcompany.com/report/seed-processing-global-market-report
Which Regions Are Driving Growth in the Seed Processing Market?
North America was the largest region in the seed processing market in 2023. The regions covered in the seed processing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Seed Processing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the seed processing market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Seed Processing Market Include
1. Seed Processing Market Executive Summary
2. Seed Processing Market Segments
3. Seed Processing Market Size And Template Market Growth Rate
4. Key Seed Processing Market Trends
5. Major Seed Processing Market Drivers
……
25. Key Mergers And Acquisitions In The Seed Processing Market
26. Top Seed Processing Companies
27. Seed Processing Market Opportunities And Strategies
28. Seed Processing Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Pharmaceutical API Manufacturing Global Market Report 2024
Specialized Warehousing And Storage Global Market Report 2024
Ethyl Alcohol And Other Basic Organic Chemical Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
