Pune, India, Nov. 21, 2022 (GLOBE NEWSWIRE) -- The global seed treatment market size hit USD 10.15 billion in 2021. The market value is slated to rise from USD 11.32 billion in 2022 to USD 26.01 billion by 2029, exhibiting a CAGR of 12.62% during the forecast period. In recent years, the agricultural industry has undergone a significant transformation from a single product paradigm to one that addresses multiple challenges impacting crop yields and quality, says Fortune Business Insights™ in its report titled, “Seed Treatment Market, 2022-2029”.
Report Coverage-
The research report offers a thorough analysis of the industry and focuses on important factors, including top manufacturers, suppliers, and end-use applications. In addition, the study identifies significant changes in the sector and provides insights into market trends for seed treatment. The research includes a number of reasons, in addition to those listed above, that have helped the industry grow recently.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/seed-treatment-market-100156
List of Key Market Players:
- Syngenta AG (Switzerland)
- BASF SE (Germany)
- Bayer AG (Germany)
- UPL ltd. (India)
- Corteva Agriscience (U.S.)
- NuFarm Ltd. (Australia)
- FMC Corporation (U.S.)
- Sumitomo Chemical Co. Ltd. (Japan)
- Croda Int. PLC (U.K.)
- Germain's Seed Technology, Inc. (U.S.)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast CAGR | 12.62% |
| 2029 Value Projection | USD 26.01 Billion |
| Base Year | 2021 |
| Seed Treatment Market Size in 2021 | USD 10.15 Billion |
| Historical Data | 2018-2020 |
| No. of Pages | 246 |
| Segments Covered | By Type, By Crop, By Function, By Application, By Geography |
| Seed Treatment Market Growth Drivers | Consumers' Increasing Demand for Animal Protein will Drive Market Growth |
Segments-
By Type, Synthetic Chemicals Segment Holds the Largest Market
Synthetic chemicals are expected to experience significant sales increase since they may successfully control plant diseases and pests more quickly than organic remedies. As there are numerous high-accuracy automatic treatment devices available, they require less work. To protect seeds from disease, fungicides and insecticides composed of synthetic chemicals are sprayed on the seeds. The high cost of genetically modified seeds has a substantial impact on the demand for chemical treatments.
By Function, Seed Protection will Continue to Hold a Significant Market Share
Seed enhancement and seed protection are included in the function segment. Given that it offers a comprehensive defense against a variety of plant stressors in a single product that is grower-friendly, crop-friendly, and ecologically responsible, the seed protection market is predicted to expand at the quickest rate. Moreover, compared to conventional crop protection products, seed protection treatments offer competitive costs, reduce application efforts, and save time.
By Application Technique, Seed Dressing Sector is Driven by Early Foliar Infection Protection of Crops
The fastest-growing segment is seed dressing, which speeds up germination compared to untreated seeds. Early relationships with beneficial soil microbes, including mycorrhizae, which aids plant nutrient absorption, are encouraged by seed coatings. It manages seed infection and guards against foliar infection, reducing disease burden later in the season, enhancing the efficiency of in-crop fungicides and lowering the possibility of yield and quality loss during grain fill.
By Stage of Seed, Increasing Resistance to Abiotic Stress Increases the Use of On-Farm Treatment
The stage of the seed segment comprises on-farm and off-farm. In off-farm treatment, the easy availability of seeds to the farmers and the manually mixing of pesticides saves time. Along with this, using already treated seeds help in fueling agricultural productivity.
By Crop Type, Cereals will Show a Significant Market Share Worldwide
The market is divided into cereals, oilseeds, fruits & vegetables, and other based on crop type. Due to the government's significant emphasis on ensuring food security in developing markets, cereals are predicted to hold the largest proportion of the market. Cereals are also in greater demand due to their numerous uses in the food business.
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156
Drivers & Restraints-
Growing Need to Increase Crop Yield Due to Increased Food Spending
The global sector is primarily driven by a strong increase in agricultural production. According to the Indian government, the agricultural industry will provide 18.8% of the nation's Gross Value Added (GVA) in 2021–22 and has grown adaptably during the previous two years. 3.9% in 2021–2022 and 3.6% in 2020–2021 were the growth rates. The introduction of new technology, inventions, and process improvements in the farming industry are responsible for the enormous increase in agricultural production eventually leading to the seed treatment market growth.
Regional Insights-
North America to Hold the Largest Global Market Share
The largest of the seed treatment market share, which was worth USD 3.56 billion in 2021, belongs to North America. Favorable agro-economic conditions, uniformity in terms of intensification level and farmer profile, and a wide variety of agro-climatic zones and crops are the main driving forces. The markets in the U.S. and Canada are attempting to deal with the growing problem of maximizing natural resources and controlling rising labor costs.
The regional market for treated seeds in Europe is primarily driven by its strong demand, particularly in Western Europe, where agrochemical usage is proportionately higher than in planting areas. It is anticipated that seeds treated with solutions will help manage resistance and reduce operational complexity. Due to their lack of technical advancements, Central and Eastern Europe have a high potential for intensification, which is made worse by their unpredictable weather patterns and physical limitations.
In comparison to the worldwide average, the Asia Pacific market is anticipated to grow at the fastest rate. The region's production outlook for staples such as rice and wheat is still favorable. Even in marginal land with little agricultural inputs, the productivity of such main crops is increased by using seeds that have been pesticide-treated.
Competitive Landscape-
Focus on Product Launches is Part of Syngenta AG's Strategy to Expand its Portfolio
Syngenta AG, one of the important seed treatment companies, has a big customer base and offers its products all over the world. The business is focusing on creating new items and expanding its clientele in an effort to strengthen its position in the market. For instance, Syngenta introduced Vayantis fungicide, a new chemical for treating maize seeds, in March 2021. Picarbutrazox, the principal component of the product, is a fungicide designed to protect seedlings from ailments, including damping-off and key blight. Farmers will be able to tackle pythium and increase crop productivity by introducing this innovative approach, which will subsequently spur the growth of the market.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/seed-treatment-market-100156
Major Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, New Source Launches, and Mergers & Acquisitions
- Market Analysis and Insights (in Relation with COVID-19)
- Impact of COVID-19 on the Market
- Supply Chain Challenges due to the Pandemic
- Potential Opportunities to Support the Sales during the Calamity
- Global Seed Treatment Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Synthetic Chemicals
- Biologicals
- By Function
- Seed Protection
- Seed Enhancement
- By Application Technique
- Seed Coating
- Seed Dressing
- Seed Pelleting
- By Stage of Seed Treatment
- On-Farm
- Off-Farm
- By Crop Type
- Cereals
- Oilseeds
- Fruits & Vegetables
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
TOC Continued…!
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/seed-treatment-market-100156
COVID-19 Impact:
Slow Growth Due to Raw Material Supply Chain Disruption Caused by COVID-19 Outbreak
The COVID-19 pandemic had a terrible impact on the world economy both directly and as a result of the application of easy measures to stop the disease's spread. In many countries, especially those with periods of peak seasonal labor demand or labor-intensive output, there were labor shortages for the agricultural industries. Lockdowns and restrictions on cross-border human movement were also encountered in several nations. The potential benefits of technology integration in the agriculture sector have been recognized. Manufacturers can produce things for their clients more profitably and efficiently by moving to machine-made mixing instead of conventional methods.
Key Industry Development-
May 2020: BASF launched Melyra fungicide to customers in China. It is the first of three new products based on the company's fungicide Revysol that are planned for the Chinese market.
Read Related Insights:
Genetically Modified Seed (GMO) Market to Exhibit a 5.3% CAGR by 2026, Rapid Developments in Agricultural Biotechnology to Usher Growth: Fortune Business Insights
Vegetable Seeds Market to Grow at USD 11.36 Billion by 2028 | Vegetable Seeds Industry Analysis by Trends, Revenue, Company Profile and Forecast by Fortune Business Insights™
Global Hybrid Rice Seeds Market Worth USD 5.43 Billion by 2027 | Escalating Global Consumption to Stoke Industry Growth, Says Fortune Business Insights™
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
