Global Seed Treatment Market Scope:
Seed treatments are done to save crops from a variety of pests and to ensure uniform stand establishment, and to eradicate seed-borne pathogens. The application of fungicide, insecticide, or a combination of both for seed treatment provides the advantages of prevention of plant diseases, seed rooting, and improved germination. Market Research Future (MRFR) has deemed the growth of the global seed treatment market to be healthy and exhibit positive growth trend over the forecast period of 2022-2030.
Seed Treatment Market size is expected to reach $9.7 billion by 2030, growing at a CAGR of 8.5% from 2022 to 2030
To meet the ever-increasing food demands of the increasing global population, the agriculture industry is looking to maximize yields which generate massive demand for seed treatment. On the backdrop of reducing cultivable land and immense demand for agriculture produce, seed treatment has gained traction in recent years which spurs the growth of the global Seed Treatment Market Research. Deteriorating land quality and changing, unfavorable climatic conditions can also lead to the growth of undesirable fungi spores which might affect crop yields. Seed treatment is also being increasingly adopted due to the incessant need to conserve indigenous breeds and to prevent them from extinction. Also, there is a greater focus on the production of superior quality food grains and vegetables to meet the heightened demand which adds fuel to the growth of the global seed treatment market. Furthermore, augmented health consciousness has resulted in a shift in consumer preference towards the consumption of organic food products which acts as a plus for the growth of the global seed treatment market. Ongoing R&D activities have resulted in key market developments which further accelerates the growth of the market. On the other hand, the growth of the market might be hindered by the low shelf life of treated seeds and the difficulty associated with their disposition.
Segmentation:
The global seed treatment market has been segmented based on type, application, active ingredients, and methods.
By type, the global seed treatment market has been segmented into seed disinfection, seed disinfestation, and seed protection.
By application, the global seed treatment market has been segmented into seed dressing, seed coating, and seed pelleting.
By active ingredients, the global seed treatment market has been segmented into insecticides, fungicides, bactericides, and others.
By method, the global seed treatment market has been segmented into physical seed treatment, chemical treatment, biological treatment, hot water treatment, dry heat treatment, and others.
Regional Analysis:
By region, the global seed treatment market has been segmented into Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).
APAC dominated the global seed treatment market due to the presence of agriculture dominated economies in the region. Additionally, increasing health awareness amongst the consumers and high demand for better quality food products in the region supports the growth of the market.
North America is an important growth pocket driven by large-scale production of crops such as barley, corn, soybeans, wheat, peanuts, oats, and rice sorghum in the region.
Europe market for seed treatment is spurred by growing demand for organic food products in the region.
Latin America is a major food and agricultural commodity exporter. The region has seen a surge in agricultural productivity which is anticipated to boost the growth of the Latin America market.
Growing demand for agrochemicals and pesticides in the Middle East & Africa is expected to aid market growth in the MEA region.
Competitive Landscape:
The key players in the global Seed Treatment Market Report include Syngenta (Switzerland), Monsanto (U.S.), DowDuPont (U.S.), Arysta LifeScience (U.S.), Germains (U.K), Bayer (Germany), Nufarm (Australia), BASF SE (Germany), UPL (India), Sumitomo Chemical (Japan), FMC (U.S.), and INCOTEC (Netherlands).
Industry Updates:
- In December 2018, BASF, a German chemical company showcased its new seed treatment Vault IP Plus seed treatment and Obvius Plus at the ASTA 2018 CSS and Seed Expo.
- In December 2018, Marrone Bio Innovations Inc., a biotechnology company announced the launch of its new biological seed treatment platform which is designed for growers to improve and protect crops. It will address the need for more sustainable food production systems and also regulatory restrictions.
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