The ‘Global Seed Treatment Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global seed treatment market, assessing the market on the basis of its segments like type, function, treatment method, stage of seed treatment, crop type, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 9.9%
Seed treatment has an important role in the agriculture sector as it protects seeds from diseases and also speeds up the process of seed germination. Thus, the growing demand for food from all across the globe is contributing to the growth of the seed treatment market. Food security has become a matter of great concern as governments all over the world are focussing on growing and procuring an adequate volume of food to meet the requirements of their respective countries. These factors have increased the popularity of seed treatments, resulting in increased adoption by farmers globally.
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Rising awareness among the farmers regarding advanced agricultural methods is resulting in a steady shift from traditional to modern farming methods, and the incorporation of seed treatment in regular agricultural practices. Seed treatment methods offer several benefits such as increasing the shape and size of small seeds, improving the flowability of the seeds, and the use of insecticides and pesticides or a combination of both to protect the seeds from pests and other diseases, among other advantages. Thus, these factors are expected to pave the way for the seed treatment market to expand further in the forecast period.
Industry Definition and Major Segments
Seed treatment is the process of enhancing seeds and protecting them against soil borne diseases and storage pests using materials such as insecticides, fungicides, pesticides, fertilisers, and stimulants. Through seed treatment, the seeds are likelier to grow successfully and generate higher yields.
Based on type, the market is segmented into:
o Bio Pesticides
o Bio Fertilisers
o Bio Simulants
On the basis of function, the market is bifurcated into:
• Seed Protection
• Seed Enhancement
By treatment method, the market is segmented into:
• Seed Coating
• Seed Dressing
• Seed Pelleting
Based on seed treatment, the market is divided into:
By crop type, the market is categorised into:
• Fruits and Vegetables
On the basis of region, the market is classified into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The key trends in the global seed treatment market include the research and development activities carried out for the development of advanced seed treatment solutions. Market players are producing advanced crop protection products so that growing food crops are secure, and loss is minimised. Development of seed treatment solutions that have the ability to protect and enhance the full genetic potential of seeds will further fuel the growth of the seed treatment market.
Asia Pacific observed a significant growth in the market owing to the rising demand for fodder crops and forage crops. The growing demand for the crop protection chemicals such as fungicides and pesticides, among others from countries such as India, China, and Japan is accelerating the market’s growth in the Asia Pacific region. Presence of established key players is yet another major factor supporting the growth of the market in the region. The market in Asia Pacific is expected to grow at a fast rate in the future owing to the rising awareness regarding the modern seed protection innovations among farmers and increasing farming of the high-value crops.
Key Market Players
The major players in the global seed treatment market report are Bayer CropScience, Syngenta AG, BASF SE, Corteva, FMC Corporation, Incotec, and Nufarm US, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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