Seed Processing Machinery - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Global Seed Processing Machinery Market size is estimated at USD 3.54 billion in 2024, and is expected to reach USD 5.41 billion by 2029, growing at a CAGR of 8.90% during the forecast period (2024-2029).

The marketis segmented by type into Pre-Cleaners, Cleaners, Dryers, Graders, Coaters, Separators, Polishers, and Others and by geography into North America, Europe, Asia-Pacific, South America, and Africa.

Seed Processing Machinery Market Trends

Growing Demand for Grains, Oils and Vegetables Driving the Market

The global population reached over 7.7 billion in 2018 and is expected to reach 9 billion by 2050. As a result, the global demand for food is likely to increase by 70%, due to rapid population growth, urbanization, and changing diets. Grains represent the biggest portion of daily calorie intake in developing countries of the Middle East, Asia/Oceania, CIS, and Africa, and therefore, the demand for grains is going to be one of the most important drivers of the global seed industry. This in turn is going to drive the market for seed processing machinery in the years to come.

Asia Pacific Leads the Global Seed Processing Machinery Market

The Asia Pacific led the seed processing machinery market and is projected to grow at a significant rate, in terms of value, in the forecast period. China is the fastest-growing market in this region. China is estimated to be the largest producer and consumer of processed seeds and seed processing equipment in the region. The rise in the production of fruits and vegetables drives agricultural exports which in turn stimulates demand for seeds and seed processing machinery.

Seed Processing Machinery Industry Overview

The global seed processing machinery market is fragmented with smaller companies occupying the majority of the market. The leading companies in this industry have adopted strategies like expansion, mergers and acquisitions, partnerships and new product launches.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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