Asia Pacific accounted for the largest share in the global seed processing equipment market

Process equipment 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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The North American region dominated the processed seed market and is projected to grow at a significant rate from 2017 to 2022, both in terms of value and volume. The US is projected to be the fastest-growing market in the region. The country is the largest producer of processed seed in the region. The processed seed market in the country is majorly driven by factors such as high usage of processed seed, technological advancements in farming, and the increased use of genetically modified crops. Multinational corporations in the US played a major role in the advancement of the process equipment market for seed industry, with continuously evolving technological innovations in agricultural and food systems.

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.

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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)