The global Seed Treatment Market is estimated to be valued at US$ 6.83 Bn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Seed treatment involves applying pesticides and other chemicals to protect seeds from insects, fungi, and other pathogens during storage and early growth. Chemical seed treatments help boost seed germination and ensure better plant establishment. Some commonly used seed treatments include insecticides, fungicides and micro-nutrients.
Market key trends:
One of the major trends fueling the growth of the seed treatment market is the growing emphasis on sustainable agriculture. Farmers are increasingly adopting strategies like integrated pest management practices and using targeted seed treatment with minimal chemicals. This helps control pests effectively while reducing pesticide residues and their impact on the environment. Precision application techniques ensure only the required amount of chemicals is used, optimized for the target crop's needs. This leads to higher yields with less input costs and lower wastage of agrochemicals.
Segment Analysis
The global seed treatment market is segmented by type, treatment method, application technique and crop type. Based on type, the market is categorized into chemical seed treatment and non- chemical seed treatment. The chemical seed treatment segment is expected to dominate the market over the forecast period as it protects the crop from seeds borne diseases and also provides nutrition to seedlings at initial growth stages. Based on treatment method, the market is classified into seed coating, seed dressing and seed pelleting. Seed coating is expected to be the largest segment as it protects seeds and helps in even distribution of active ingredients on seed surfaces.
Key Takeaways
The Global Seed Treatment Market Size is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing concerns regarding crop yield and decreasing arable land.
Regional analysis - North America is expected to dominate the global seed treatment market over the forecast period due to high adoption of modern agricultural techniques in the region. Asia Pacific is expected to witness fastest growth attributed to increasing population and rising food demand in the region.
Key players operating in the seed treatment market are Syngenta, Bayer CropScience AG, Monsanto, BASF, Advanta India Ltd, Dow Agro Sciences, DuPont, Nufarm Ltd., Chemtura Agro Solutions, and Sumitomo Chemical Co. Ltd. The global seed treatment market is moderately consolidated with top five players accounting for over 50% of the global market share. Syngenta and Bayer CropScience AG are the leading players in the global market.
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