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Process Equipment Market for Seed Industry Worth 91.32 Billion USD by 2022


News provided by

MarketsandMarkets

Jan 30, 2018, 04:30 ET

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PUNE, India, January 30, 2018 /PRNewswire/ --

The report "Process Equipment Market for Seed Industry by Type (Cleaners, Dryers, Coaters, Graders, Separators, and Polishers), Crop Type (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables), Method, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market for seed industry includes processed seed market and seed processing equipment market. The market for processed seed, in terms of value, is estimated at USD 56.07 Billion in 2017 and is projected to reach USD 91.32 Billion by 2022, at a CAGR of 10.2%. The seed processing equipment market is projected to reach USD 3.25 Billion by 2022, growing at a CAGR of 10.2% from USD 2.00 Billion in 2017.

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Browse 96 market data Tables and 46 Figures spread through 148 Pages and in-depth TOC on "Process Equipment Market - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/seed-process-equipment-market-112191741.html

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The necessity to increase food production, with the decrease in arable land, has increased the demand for processed seed, which has resulted in higher demand for the seed processing equipment. Furthermore, the increase in acceptance and area under GM crop, growth of globalized trade of processed seed, and rise in awareness in developing countries are other factors driving the global

Process Equipment Market for Seed Industry 

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The cereals & grains segment accounted for the largest share during the forecast period in the processed seed market. 

In 2017, on the basis of crop type, the cereals & grains segment accounted for the largest share, in terms of both value and volume. Cereals & grains are the staple food for a majority of the population and form a major source of energy, especially for livestock. The global processed cereal seed market is driven by the growth in population, increase in income levels, higher seed replacement rate in areas under cultivation, R&D breakthroughs, utilization for biofuel production, and intensive agriculture practices, followed by farmers to increase yield and productivity.

Coaters: The fastest-growing equipment type in the seed processing equipment market 

In 2017, the coaters segment is estimated to account for the third-largest share of the seed processing equipment market in terms of value; this is projected to grow at the highest CAGR through 2022. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has increased the demand for the coated processed seed products and thus boosted the demand for coaters in the developing countries.

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North America dominated the processed seed market, while Asia Pacific accounted for the largest share in the seed processing equipment market 

North America is one of the most technologically advanced regions. The seed processing & equipment market here is growing constantly due to the rising demand for quality raw material by the food chains, along with increasing demand of commercial seeds by the farmers for better yield in this region; Asia Pacific is witnessing promising growth in the production of processed seed in the past years due to increasing awareness about the benefits of commercial seed, especially in countries such as India and Indonesia. The demand for seed processing equipment is also projected to grow in the region.

This report studies marketing and development strategies, along with the product portfolios of leading companies in the processed seed market (such as Bayer, The Dow Chemical Company Monsanto, Syngenta, and KWS Group) and in seed processing equipment (such as Cimbria, PETKUS Technologie, Lewis M. Carter Manufacturing, Westrup, and Alvan Blanch Development Company).

Browse Related Reports 

Seed Market by Type (GM Seed, Conventional Seed), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds), Seed Treatment (Treated, Non-treated), Trait (Herbicide-tolerant, Insecticide-resistant), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/seed-market-126130457.html

Fruit & Vegetable Seeds Market by Type (Brassica, Cucurbit, Leafy, Root-bulb, and Solanaceae), Trait (GM and Conventional), Form (Organic and Inorganic), Farm type (Indoor and Outdoor), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/fruit-and-vegetable-seed-market-1257.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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USA: +1-888-600-6441
Email: [email protected]

Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
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SOURCE MarketsandMarkets

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