" Seed Treatment Market Forecast: Insights by Region, Crop Type, and Application 2023–2032"
Seed Treatment Market Overview
The seed treatment market is set to grow at a CAGR of 8.5% during the forecast period 2022 to 2030. As per the market research report, the market will hit USD 9.7 billion in terms of valuation by the end of 2030. The market growth will be driven by the growing demand for improved crop-yield. Based on the research report, R&D investments will accelerate growth in the market till 2030. Although natural hazards will have a negative impact on the global seed treatment market growth during this period. The lack of effective communication is predicted to be a key challenge which could become a strong threat from 2022 to 2030 to companies.
The market report published by expert analysts includes primary and secondary data and suggests that application technique, type, function, and crop type segments are anticipated to witness tremendous growth till 2030. Factors such as favourable government policies will become key growth drivers during the forecast period and the increasing awareness among consumers is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the lack of developed infrastructure which could negatively affect activities taking place across the market. The high cost associated with products is another challenge the market could face till 2030.
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Competitive Dynamics:
Players in the worldwide seed treatment sector are concentrating on improving their regional presence by expanding and releasing new products. Through expansions and investments, mergers and acquisitions, partnerships, joint ventures, and other transactions, the key companies in this industry are focusing on expanding their presence. In addition to robust distribution networks in these nations, they also maintain production facilities.
v Bayer AG (Germany)
v Syngenta AG (Switzerland)
v BASF SE (Germany)
v Sumitomo Chemical Co., Ltd (Japan)
v Nufarm (Australia)
v DuPont de Nemours, Inc. (US)
v FMC Corporation (US)
v ADAMA Agricultural Solutions Ltd (China)
v Croda International Plc (UK)
v UPL Limited (India)
v Market Dynamics:
v Market Drivers:
Seed treatment is a cost-effective alternative to conventional crop protection strategies, which is expected to be a major driving force behind an increase in global demand for seed treatment. As the need grows for high-efficiency seed chemicals and for every seed to become a viable seedling, the industry as a whole is propelled forward. Since crop yields are becoming increasingly important, demand for cost-effective strategies to boost crop yields is also increasing. In addition, advances in formulations and active ingredients have made it possible to use a variety of insecticides, fungicides, and inoculants in seed care to combat insects, diseases, and nematodes.
Increasing acceptance of organic farming practices in developing countries is expected to offer attractive growth prospects for seed treatment vendors. If seed treatment R&D processes continue to develop, the market will see a wide range of new product innovations in the next five years. Seed treatment product manufacturers are working on new formulations that could have a major impact on crop yields, both qualitatively and quantitatively.
Market Restraints:
Global seed treatment market industry fresh fruit and vegetable production could be negatively affected by natural disasters such as storm, landslides, flooding, and other extreme weather events. Furthermore, bad weather conditions are impeding demand growth. Because of the short shelf life of treated seeds, seed germination and vigour loss are increasing, particularly in seeds such as soybeans. Microbes’ existence is influenced by the physical and chemical features of its composition. It can be difficult to keep the coated microorganisms alive in seeds, reducing their shelf life.
Segmentation of the market:
By Type
The chemical industry ruled the global market in 2018. The seeds are treated with fungicides and/or insecticides during chemical seed treatment to prevent the spread of seed and seedling diseases. Seeds are also protected against soil illnesses by the use of fungicides and pesticides. Seeds are protected from being eaten by bugs as a result of this treatment. When it comes to cutting down on the usage of agrochemicals, non-chemical seed treatments are better than chemical seed treatments.
By Application Technique
This industry’s growth will be accelerated by pelleting, according to forecasts. With a CAGR of 7.9 percent, pelleting is predicted to be the fastest-growing industry category over the study period.
By Function
As a percentage of the global seed treatment market, seed protection had an increase in revenue in 2018. Seeds and seedlings are protected from disease and pests from the moment they are gathered.
By Crop Type
The cereals and grains segment accounted for the majority market share in 2018 and is predicted to maintain its dominance over the projection period. Various bugs, particularly wireworms, regularly prey on cereal and grain seeds. Seed treatment allows the kernel to reach its full potential, especially during the early stages of growth. Cereal and grain seed treatment protects against soil-borne fungus and maintains consistency and stable crops.
Regional Analysis:
In 2018, seed treatment market sales in North America accounted for the largest proportion of the global market. The market share of the region was 30.17 percent in 2018. When it comes to North American seed care, recent years have seen a significant structural upheaval and growth.
It is projected that Asia-CAGR Pacific’s of 10.54 percent would be the highest over the forecast period. The key countries in the region contributing to its expansion are China and India.
Consumption of rice will increase throughout the Middle East and Africa, where rice is becoming a more common staple and calorie source in the worldwide diet. Grains are being oversupplied, and demand isn’t growing as quickly as it used to. However, this industry’s expansion is being fueled by improved yields and a growing number of uses in the food business. As a result, the market in this area is likely to rise at a faster rate.
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