Biological Seed Treatment Market Size, Share & Trends Analysis Report By Product (Microbials, Botanicals & Others), By Function, By Crop (Wheat, Soybean), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the biological seed treatment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for biological seed treatment market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of biological seed treatment market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Biological Seed Treatment Market Categorization:

The biological seed treatment market was categorized into four segments, namely product (Microbials, Botanicals & Others), function (Seed Protection, Seed Enhancement), crop type (Corn, Wheat, Soybean, Cotton, Sunflower, Vegetable Crops), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The biological seed treatment market was segmented into product, function, crop type, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The biological seed treatment market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-two countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Poland; Italy; Spain; Turkey; Ukraine; Russia; Hungary; Netherlands; Austria; Sweden; Norway; Switzerland; China; Japan; India; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Biological seed treatment market companies & financials:

The biological seed treatment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Bayer CropScience - Bayer CropScience is a German pharmaceutical and life science company. The company offers significant products in healthcare, agriculture chemicals, high-value polymers, and biotechnology divisions. The life science division of the company produces biological pesticides and innovative chemicals for agricultural purposes. The company offers sustainable solutions for farmers all over the world. Its product portfolio includes herbicides, fungicides, insecticides, harvest aids, seed treatments, and plant regulators for various crops, such as wheat, rice, corn, soy, peanuts, grapes, and corn. The company’s businesses are spread across the world and have subsidiaries in Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

• Syngenta AG - Syngenta AG is a Switzerland-based agrochemical company formed by the merger of Zeneca Agrochemicals and Novartis Agribusiness. It has 111 research & development sites and 100 production & supply sites across the globe. The company is currently owned by ChemChina, a Chinese government-owned company. Its bio-based seed treatment portfolio offers biostimulants, bio-fungicides, and bio-nematicides. It serves millions of farmers in over 90 countries.

• BASF SE - BASF SE is a German chemical company engaged in the production of intermediates, petrochemicals, monomers, and catalysts. The company operates through five business segments including chemicals, performance products, functional materials & solutions, agricultural solutions, and oil & gas. The agricultural solutions segment provides innovative solutions in biological crop treatment and chemical crop treatment areas. In addition, the company invests almost 9% of its total agriculture revenue into research & development.

• Monsanto Company - Monsanto Company is a U.S.-based chemical and life science company. The company has distribution networks in over 69 countries and has manufacturing sites in Europe, North America, Asia, Africa, and South America. It has around 20,000 employees around the world. The crop science division of the company offers seed treatments, insecticides, herbicides, fungicides, and growth hormones for crops such as wheat, rice, corn, soybean, canola, etc. On 7th June 2018, Bayer CropScience acquired Monsanto for USD 66 billion, as part of its crop science division. The company offers biostimulants, biofungicides, and nematicides as a part of its biological seed treatment products.

• DowDuPont, Inc. - DowDuPont, Inc. is a U.S.-based company established in 2017 by the merger of DuPont and Dow Chemical Company. The merger made it the world’s leading chemical company with a net value of USD 130 billion. The company has three divisions: the agriculture division named Corteva Agriscience, the material division named Dow, and the specialty product division named as DuPont. The company’s chemicals business is spread across 90 countries and has separate sales offices for Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

• Italpollina S.p.A. - Italpollina S.p.A. is an Italian manufacturer and distributor of fertilizers. To increase the need for sustainable agriculture, the company started the production of organic fertilizers in 1973 from its Rivoli Veronese facility. The product portfolio of the company includes organic fertilizers, inorganic fertilizers, biostimulants, biopesticides, bio-seed treatments, and natural amino acids. The company does business in over 80 counties. In addition, it has 4 manufacturing centers and 13 sales centers located in Italy, the U.S., Russia, South Korea, Canada, and China.

• Koppert Biological Systems - Koppert Biological Systems is a Dutch company actively involved in the research & development of biological crop protection solutions and natural pollination market. The agricultural products of the company are divided into pest control, disease control, pollination system, monitoring & scouting system, and resilient cultivations. It has over 27 subsidiaries and manufacturing centers located in the Netherlands, Belgium, Russia, India, Mexico, the UK, the U.S., the Philippines, Morocco, Brazil, Canada, Germany, Italy, and China. In addition, the company has operations in over 100 counties.

• Incotec - Incotec specializes in seed enhancement chemicals and life science. The company believes in providing 100% efficient ground harvest by improving seed health and germination rate using technologies. Croda International plc acquired Incotec in 2015 as a part of its life science business. Incotec sells organic seed treatment coatings under its crops and solution division and operates in 37 countries.

• Plant Health Care Plc -Plant Health Care plc is a U.S.-based company that specializes in manufacturing and selling environment-friendly biological products to agriculture industries worldwide. Its commercial business division is divided into three geographical segments, namely Mexico, the U.S., and the rest of the world. The product portfolio of the company includes biofertilizers, biopesticides, water polymer gels, and fungal inoculants. The company offers naturally developed amino acids and seed treatment coatings that help in plant growth. Harpin αβ technology is the flagship product of the company; it was developed in 2017 to increase the resistance of fruit, corn, and sugarcane crops. The company also has a subsidiary named Health Care, Inc., which has a strong presence in North America, Europe, and Asian Market.

• Precision Laboratories, LLC - Precision Laboratories, LLC is a U.S.-based company that specializes in plant chemistry. The company offers many bio-based products such as polymers, crop oils, dyes, water conditioners, hand cleaners, and nutrition products. In addition, the company offers seed treatment chemicals & equipment, insecticides, fungicides, seed coatings, and inoculants for the agricultural industry. It mainly operates in the U.S. and Canada. In 2013, the company established a new joint venture with Lamberti U.S.A. named Precision Laboratories, LLC.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Biological Seed Treatment Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Biological Seed Treatment Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.