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According to the latest report from Meticulous Research®, the seed treatment machine market (coating and drying) is projected to reach a value of $1.53 billion by 2029, with a compound annual growth rate (CAGR) of 7.2% from 2022 to 2029. In terms of volume, the market is expected to reach 331,357 units by 2029, growing at a CAGR of 3.6% during the same period. This growth is driven by increasing focus on seed and worker safety, the need to enhance crop yield and quality, and advancements in seed treatment technology. However, the adoption of advanced seed treatment equipment is limited by certain barriers, which may restrain market growth.
The market is segmented by type (including drum coaters, rotary drum dryers, fluidized bed dryers, rotostat coaters, and other seed treatment machinery), crop type (cereals & grains, oilseeds, fruits and vegetables, pulses, and other crops), and geography. The study also assesses industry competitors and provides a regional and country-level market analysis.
In terms of value and volume, the drum coaters segment is expected to dominate the seed treatment machinery market in 2022, owing to the advantages offered by drum coaters, such as cost-effectiveness, uniform seed coating, user convenience, and improved seed quality.
The pulses segment is anticipated to experience the highest growth rate during the forecast period from 2022 to 2029, driven by the rising demand for pulses, growing awareness of the importance of protein-rich diets, and increasing demand for plant-based protein products.
Geographically, North America is expected to generate the highest revenue in the seed treatment machinery market in 2022, largely due to the high demand for cereal grains and government incentives supporting high-quality seed development. Meanwhile, East Asia is forecasted to register the highest CAGR during the forecast period.
The seed treatment machinery market is moderately competitive, with numerous global, regional, and local players. Key players in the market include AKYUREK TECHNOLOGY (Turkey), Alvan Blanch Development Company Ltd (U.K.), Bayer AG (Germany), Bharat Agro-Tech Industries (India), Centor Group (Australia), Cimbria (part of AGCO Corporation) (Denmark), GRAINTECH (Australia), NoroGard Westrup (Denmark), Oliver Manufacturing CO, Inc. (U.S.), Osaw Agro Industries Pvt. Ltd. (India), PETKUS Technologie GmbH (Germany), RELIANCE AUTOMATION SOLUTIONS (India), SATEC Equipment GmbH (Germany), Seed Processing Holland B.V. (Netherlands), Synmec International Trading Ltd. (China), and USC, LLC (U.S.).
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