The global Seed Processing Market size is expected to reach USD 22.4 Billion by 2028 at a CAGR of 10.7%, according to the latest report by Reports and Data. Growing need for hybrid seeds, increasing population and rising food demand globally are some key factors expected to drive market revenue growth during the forecast period.
Seed processing involves harvesting as well as processing of seeds to achieve high-quality with minimal damage, which is required for both agriculture and consumption purposes.
Rising demand for superior quality crops coupled with increasing per capita income in developing economies, growing need for modern agricultural activities, and rising awareness among farmers regarding the benefits associated with utilization of treated seeds are some other factors expected to support revenue growth of the global Seed Processing Market between 2021 and 2028. Additionally, increasing trade of different types of agricultural products between developed and developing countries and regions is further creating revenue opportunities for players in the Seed Processing Market.
Rising investments in R&D, high labor and technology costs, are some key factors expected to restrain market growth to a certain extent going ahead. Implementation of stringent government regulations on crop standards and quality is also likely to restrict market growth over the forecast period.
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Leading players operating in the Seed Processing Market include BASF (Germany), Bayer (Germany), Clariant (Switzerland), Corteva (US), Nufarm (Australia), Syngenta (Switzerland), Lanxess (Germany), Incotec (Netherlands), Sensient Technologies (US), Alvan Blanch Development Company Ltd. (UK), Cimbria (Denmark), and PETKUS Technologie GmbH (Germany).
Some key findings from the report
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For the purpose of this report, Reports and Data has segmented the global Seed Processing Market on the basis of type, crop type, equipment, and region:
Type Outlook (Revenue, USD Billion, 2018 – 2028)
Crop Type Outlook (Revenue, USD Billion, 2018 – 2028)
Equipment Outlook (Revenue, USD Billion, 2018 – 2028)
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