Tag: Process Equipment Market

Bayer (Germany) and Cimbria A/S (Denmark) are the Leading Players in the Process Equipment Market

Process equipment market for seed industry includes processed seed market and seed processing equipment market. Seed processing is the refining stage of the post-harvest seed to prepare the seed for sowing or replanting, in the agricultural industry. The seed processing equipment includes the set of equipment required to make the harvested seed commercially available. The equipment considered includes those for grading, sorting, and treatment of the seed, which make it ready for sowing.

The processed seed market is organized and dominated by few large players such as Bayer (Germany), The Dow Chemical Company (US), Monsanto (US), Syngenta (Switzerland), and KWS Group (Germany), while seed processing equipment market is competitive and fragmented, with large-scale seed equipment manufacturers, such as Cimbria (Denmark), PETKUS Technologie (Germany), Lewis M. Carter Manufacturing (US), Westrup (Denmark), and Alvan Blanch Development Company (UK). The processed seed market is projected to reach USD 91.32 billion by 2022, at a CAGR of 10.2% from 2017 and seed processing equipment market is projected to reach USD 3.25 billion by 2022, growing at a CAGR of 10.2% from 2017.

The key market players in process equipment market for seed industry adopted investments and strategic alliances among many important strategies-expansions, new product launches, mergers & acquisitions, agreements, partnerships, joint ventures, and divestments-with other players to strengthen their businesses, to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships.

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Bayer (Germany)

Bayer is one of the leading players in the agricultural industry and offers products that help in improving plant health. The company is engaged in seed, crop protection, and non-agricultural pest control businesses. The seeds segment develops provides the processed seed products such as those of cotton, soybean, canola, and vegetables through various brands. The company also provides seed treatment equipment through its Bayer Seed Growth segment.

The company has a global sales and distribution network in over 120 countries. Its key locations are situated in Germany, France, India, Brazil, and the US, with various subsidiaries.

In September 2016, the company acquired the GM seeds company, Monsanto (US) at USD 66 billion. This acquisition strengthened the company’s R&D along with the seed product portfolio.

Cimbria A/S (Denmark)

Cimbria A/S, a subsidiary of Your Agriculture Company (AGCO), is a leading agricultural equipment manufacturing company. The company operates in industrial processing, handling, and storage of grain and seed, as well as animal feed and foodstuffs and other bulk products and have expertise in conveying, drying, seed processing, electronic sorting, and storage.

The main production facilities of the company are in Denmark, Austria, Italy, and the Czech Republic; it has 18 subsidiaries in 18 countries. The company operates in 45 countries across North America, Europe, Asia Pacific, South America, the Middle East, and Africa. In February 2017, the company expanded in Casablanca, Morocco as a part of its sales strategy to have a local representation in all primary markets.

Process Equipment Market for Seed Industry: Drivers, Restraints, Opportunities, and Challenges

Process equipment market for seed industry includes processed seed market and seed processing equipment market. The processed seed market is projected to reach a value of USD 91.32 billion by 2022, growing at a CAGR of 10.2% during the forecast period. The seed processing equipment market, on the other hand, is projected to reach USD 3.25 billion by 2022 from 2017, at a CAGR of 10.2%. This market is projected to grow at a high rate due to the necessity to increase the food production, with the decrease in arable land. Furthermore, greater acceptance and area under GM crop, followed by the increase in globalized trade for processed seed, are some of the major factors driving the growth of the market, globally.

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In the processed seed market, on the basis of crop type, the fruits & vegetables segment is projected to grow at the highest CAGR during the forecast period. The increase in demand for vegetables & fruits and limited production have driven the demand for high yielding traits and commercial seed products. Also, the growing awareness among farmers in developing countries about the benefits of processed seed over farm-saved seed is driving the production of processed seed around the globe.

Market Dynamics:

Drivers:

  • Increasing Acceptance and Area Under GM Crop
  • Increasing Global Trade for Processed Seed
  • Increasing Awareness in Developing Countries

Restraints:

  • High Price of Processed Seeds

Opportunities:

  • Improving Seed Replacement Rate in Developing Countries
  • Arrival of New Technologies With Potential Advantages on Existing Conventional Crops

Challenges:

  • Regulations in GM Crop

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On the basis of method, the processed seed market is segmented into mechanical, biological, and chemical. The biological segment is projected to grow at a higher CAGR during the forecast period. The high growth of the segment is attributed to the increase in the demand for organic products and organic farming, which has led the growth of the biological processed seed and also led to the increase in scientific development of biological control agents in the crop protection industry.

In the seed processing equipment market, on the basis of type, the market for coaters is projected to grow at the highest CAGR during the forecast period. The increasing awareness about the benefits of seed coating with various pesticides, insecticides, and biologicals has driven the demand for the coated processed seed products, thus boosting the demand for coaters in the developing countries.

In the Asia Pacific region; the market is projected to grow at the highest CAGR during the forecast period. The major factors for this growth are increasing awareness about the benefits of processed seed and increasing demand for food in the region. This has led to increased processing, which acted as a major driver for the seed processing equipment market.