Lucintel’s latest market report analyzed that biological seed treatment provides attractive opportunities in the agriculture industry. The biological seed treatment market is expected to grow at a CAGR of 9%-11%. In this market, microbial is the largest segment by ingredient type, whereas corn is largest by crop.
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Based on ingredient type, the biological seed treatment market is segmented into microbial (bacteria and fungi), botanicals, and other. The microbial segment accounted for the largest share of the market in 2020 as it helps protect crops against soil-borne diseases and pests.
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The biological seed treatment market is marked by the presence of several big and small players. Some of the prominent players offering biological seed treatment include Syngenta, Bayer, BASF, Monsanto, DuPont, INCOTEC, Koppert, Italpollina, Precision, and Plant Health Care.
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