Process Equipment Market: Fruits & Vegetables Segment is Projected to Grow at the Highest CAGR

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

(EMAILWIRE.COM, August 21, 2020 ) Process equipment market for seed industry includes processed seed market and seed processing equipment market. The processed seed market was valued at USD 51.63 Billion in 2016 and is projected to reach USD 91.32 Billion by 2022, growing at a CAGR of 10.2% from 2017, in terms of value. The seed processing equipment market was valued at USD 1.84 Billion in 2016 and is projected to reach USD 3.25 Billion by 2022 and growing with a CAGR of 10.2% from 2017.

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The processed seed market, on the basis of crop type, is projected to witness the highest growth rate in the fruits & vegetables segment, during the forecast period. The mechanical segment is estimated to dominate the processed seed market on the basis of method, through the same period. In the seed processing equipment market, on the basis of type, the coaters segment is projected to be the fastest-growing segment through the forecast years.

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The Asia Pacific region dominated the seed processing equipment market and is projected to grow at a significant rate from 2017 to 2022, in terms of value. China is projected to be the fastest-growing market in the region. China is estimated to be the largest producer and consumer of processed seeds and seed processing equipment in the region, in 2016. The increase in production of fruits & vegetables is a key factor for the growth in China’s agricultural exports that leads to an increase in the demand for commercial seed and seed processing equipment. However, the high prices of processed seeds is a major restraint for the growth of this market.

The processed seed market is organized and is dominated by few large players such as Bayer (Germany), The Dow Chemical Company (US), Monsanto (US), Syngenta (Switzerland), and KWS Group (Germany), while the 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), which have been profiled in the report.

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