Seed Treatment Market Poised to Grow at Highest Pace owing to Increasing Adoption of Enhanced Seed Varieties
The seed treatment market involves products that help protect seeds and enhance crop yields. Seed treatment products prevent seeds and seedlings from diseases, insects, and other stresses prior to and during germination. Seed treatment comprises chemical and non-chemical methods that improve seed performance. The process includes applying fungicides, insecticides and other products precisely to seeds during planting. Adoption of high-quality seeds treated with advanced formulations enables farming of healthy crops even in adverse climatic conditions.
The global seed treatment market is estimated to be valued at US$ 7.87 Bn in 2024 and is expected to exhibit a CAGR of 19% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in The Seed Treatment Market include Trimble Inc., 3D Systems Inc., ShapeGrabber Inc., Creaform, Hexagon AB, GOM, 3D Digital Corp, Faro Technologies Inc., Autodesk, Inc., Topcon Corporation, and Maptek Pty Ltd. These companies are investing in new product launches and focusing on expanding their geographical presence in high-growth markets.
The growing need to boost crop yields and reduce crop losses is driving demand for seed treatment products globally. Farmers are increasingly adopting seed treatments methods to protect seeds and seedlings from diseases and insects.
Technological advancements in seed treatment methods have further improved seed performance and viability. Advanced seed treatment formulations provide enhanced protection to seeds and ensure high germination rates even in extreme weather conditions.
Market Trends
Precision agriculture practices are gaining popularity among farmers. Farmers are widely adopting precision technologies such as GPS, GIS, drones etc to enable precision seed treatment and application of crop inputs. This boosts farm yields and productivity.
Sustainable agriculture is a key trend in the market. Stakeholders are focusing on developing eco-friendly and sustainable seed treatment solutions made from natural or biological ingredients. Biopesticides and biochemical treatments are emerging as safer alternatives to chemical seed treatments.
Market Opportunities
Growing demand for high-value agricultural crops such as fruits and vegetables creates significant opportunities for seed treatment product manufacturers. Seed treatment promotes early growth and protects young seedlings to facilitate year-round production of these crops.
Increased focus on genetically modified crops provides opportunities for seed treatment product manufacturers. Enhanced seeds require protective treatment methods to realize their full yield potential. This is supporting adoption of advanced seed treatment technologies.
Impact of Covid-19 on Seed Treatment Market
The COVID-19 pandemic significantly impacted the growth of seed treatment market globally. During pre-COVID times, the market was growing at a steady pace owing to the increasing demand for high yield crops and reduced arable land. However, the outbreak disrupted the supply chain and logistics due to nationwide lockdowns enforced across countries. This led to delays in production and distribution cycles. The demand from farming sector also reduced initially due to labour shortage and challenges in transportation. This impacted the revenues of seed treatment product manufacturers in 2020. However, the demand is recovering gradually post COVID-19 as agriculture is considered an essential sector. The governments are also supporting farmers through subsidies and incentives. The companies are exploring online distribution channels and strengthening supply networks to cater growing demand from farmers. The seed treatment market is expected to witness steady growth in coming years driven by the need for sustainable agriculture.
Europe currently holds the largest share in seed treatment market in terms of value. This is due to high consumption of agrochemicals including fungicides, insecticides and other treatments in countries like Germany, France and UK. North America is another prominent region owing to large scale agricultural practices in United States. Asia Pacific region is expected to witness fastest growth during forecast period owing to initiatives by governments for modern farming techniques and increasing costs of cultivation in countries like India and China. Latin America and Middle Eastern countries are also emerging as high potential markets for seed treatment products.
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