The Seed Treatment Market Size is valued at 13.12 billion in 2022 and is predicted to reach 29.68 billion by the year 2031 at a 9.67% CAGR during the forecast period for 2023-2031.
The seed treatment market has gained popularity and acceptance due to key player’s aggregated research and development efforts in launching new & innovative products, which has empowered crop producers to achieve high efficiency in protecting the high-value seeds and further controlling the high loading rates of active chemical ingredients. The novel traits embedded in newly introduced verities and the sharp upward trajectory in the price of products in recent times have compelled them to protect them to ensure appropriate germination of productivity of the crops. The increasing control of pests, insects, & diseases is generally achieved traditionally by applying synthetic pesticides through foliar application methods.
The efficacy and safety of the process act as a better alternative to conventional pest control methods along with the low cost, which can supplement the other control measure to achieve desired results in the field. COVID-19 impacted the growth of the global market restrictions on the movement of vehicles and lockdown. Owing to the market closures, prices of agriculture products such as pesticides and fertilizers also have increased in the range.
Competitive Landscape:
Some of the seed treatment market players are:
- ADAMA Ltd. (Israel)
- BASF SE (Germany)
- Bayer AG (Germany)
- Bioworks Inc. (US)
- Certis Europe (Netherlands)
- Chemtura
- Corteva Agriscience (US)
- Croda International Plc (UK)
- Crop Science
- DuPont
- Eastman Chemicals Ltd. (US)
- FMC Corporation (US)
- Marrone Bio Innovations, Inc.
- Monsanto
- Novozymes A/S (Denmark)
- Nufarm
- Rizobacter (Argentina)
- Solvay (Belgium)
- Sumitomo Chemical (Japan)
- Syngenta AG
- UPL Ltd. (India)
Market Segmentation:
The seed treatment market is based on type and crop. The market is segmented based on the type into Insecticides, Fungicides, Chemicals and Non-chemicals. Based on crop, the market is segmented into Corn, Soybean, Wheat, Canola fruits & vegetables, cucurbits, Solanaceae and others.
The Chemicals Category Based On Type Is A Major Contributor To The Seed Treatment Market
Biologicals such as Trichoderma fertile, penicillium bilabiate, bacillus firmus, and rhizobium are among the most popular biological seed treatment solution being offered by leading players. Biological will continue to grow in the chemicals seed treatment products as an integrated pest management solution. These factors such as increasing awareness regarding food safety and other organic farming. Chemical insecticides developed by insects are increasing. Rice, corn, soybean, and canola are biological and are witnessing rising applications of biological seed treatment.
By Crop Type, The Fruits & Vegetables Segment Witnessed Growth At A Rapid Rate
The production and consumption of vegetables to a major role in nutrition and the global population. The production of fruit & vegetables has experienced a remarkable increase, and consumption has also increased and is expected to continue during the forecast period. Moreover, the rising demand for organic fruits & vegetables is driving the growth of not just the seed treatment market but also the adjacent market of biological seed treatment market. Further, the increasing production of high-value vegetable crops, such as lettuce, spinach, hydroponic, tomato, and bell pepper, has increased the scope for developing the seed treatment market.
The Asia Pacific Seed Treatment Market Position Holds A Significant Revenue Share In The Region
Asia Pacific is projected to be the largest-growing region during the forecast period because there is growing demand for fodder crops. The increasing demand for crop protection chemicals in Asia Pacific countries is accelerating the markets during the forecast period. Most established players are expanding their business in the Asia Pacific region, driven by the increasing demand.
Seed Treatment Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 13.12 Bn |
|
Revenue forecast in 2031 |
USD 29.68 Bn |
|
Growth rate CAGR |
CAGR of 9.67 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type, Material, Precursor And End Users |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Syngenta, Bayer, Monsanto, BASF, Chemtura, Du Pont, Nu farm, and Crop Science. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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