Seed Treatment The Global Seed Treatment Market reached USD 7,247 million in 2024 and is projected to witness lucrative growth by reaching up to USD 13,464 million by 2031. The market is growing at a CAGR of 8.1% during the forecast period (2024-2031.). Due to the rising demand for food around the world, the seed treatment market is expanding.
The agriculture sector expands together with the seed treatment industry, which in turn fuels expansion in the food sector. Biological seed treatments, which use natural products to protect against pests and diseases, are becoming more popular as farmers look for more environmentally friendly and sustainable solutions. The seed treatment industry is expanding because it offers a practical means of implementing pest and disease control measures that remove the need for repeated chemical applications throughout the growing season.
Market Dynamics
Rising Demand For Food Production Globally is Driving the Growth of the Agriculture Technology As-a-service Market
The Food and Agricultural Organization (FAO) estimates that overall food production must rise by 70% between 2005/07 and 2050 to feed a global population of 9.1 billion people. Farmers are under pressure to increase crop yields and productivity to meet this demand. One effective method for attaining the objective is seed treatment. Farmers can increase crop yields in several ways with the aid of seed treatment. Reduce seed losses and increase seed viability by protecting seeds from pests, diseases, and environmental stressors. Moreover, the primary driver fueling the expansion of the seed treatment industry is the rising need for food.
Market Segment Analysis
The global seed treatment market is segmented based on origin, function, application, crop type, and region.
Various Benefits of Seed Dressing is Expected to Drive the Segment Growth
Based on application, the seed treatment market is divided into seed pelleting, seed dressing, and seed coating.
The seed dressing segment in the global seed treatment market was valued at USD 3,488.1 million in 2023 and is estimated to grow at a CAGR of 7.2% over the forecast period. Seed dressing in agriculture refers to the application of fungicides, insecticides, or nutrients to various crop seeds to battle soil-borne fungal diseases and above- and underground insects. The benefits of nutritional seed dressings include nutrient addition, increased seedling vitality, superior germination with increased vitality, quicker seedling emergence, a longer growing season, improved nutrient intake, improved root growth, and increased resistance to common stresses like infections, temperature, and excess moisture/drought.
Market Geographical Share
North America is Likely to Dominate the Seed Treatment Market During the Projected Time
The North American seed treatment market was valued at USD 3,881 million in 2023. The key drivers of the growing demand for seed treatment products are increasing farm size and reduced crop rotation. The expanding population's demand for food, along with limited arable land area, places a strain on productivity advances. It opens up new avenues for seed treatment methods in the region.
Seed Treatment Market Companies
The major global players in the market include BASF SE, Bayer AG, Syngenta AG, Corteva, Inc., Sumitomo Chemical Co., Ltd, Solvay SA, The Dow Chemical Company, Croda, Nufarm Limited and Crystal Crop Protection Ltd.
COVID-19 Impact on Seed Treatment Market
COVID-19 Impact
The growth prospects for the global seed treatment market before the COVID-19 pandemic were strong, with the industry expected to experience significant growth and expansion in the coming years. The COVID-19 pandemic has had a significant impact on the global seed treatment market, affecting both supply and demand. The pandemic caused disruptions to the global supply chain, including disruptions to the production of seed treatments and the distribution of treated seeds. High energy prices and persistently high global inflation is likely to complicate the recovery of the global seed treatment market in the aftermath of the pandemic.
Russia-Ukraine War Impact
The Russia-Ukraine war, which began in the near immediate aftermath of the pandemic in February 2023, has caused major disruptions in global energy markets, especially due to sanctions imposed on Russia. Many European chemical seed treatment manufacturers are facing bankruptcy due to massive increases in energy prices. It will likely reduce the demand for treated seeds and complicate manufacturers' recovery from the pandemic. The high energy prices are also likely to affect the input costs and production costs for various chemical seed treatment manufacturers, thereby leading to rising prices for consumers and a decrease in demand.
Key Developments
• In August 2023, BASF SE, world's leading chemical company, and Poncho Votivo seed treatment announced a partnership with the Field of Dreams movie site. It follows that America's favorite cornfield trusts Poncho Votivo seed treatment.
• In December 2020, with the launch of two new seed treatment packages, Core and Prime seed treatments, BASF SE, a chemical company, is enhancing its cotton portfolio from seed to harvest.
• In May 2023, Bayer Vietnam, which belongs to the Bayer Group and has operated in Vietnam, launched Routine Start, a fresh seed treatment product that shields young rice seeds from the rice blast fungus, enhancing crop
Why Purchase the Report?
• To visualize the global seed treatment- market segmentation based on origin, function, application, crop type, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of the seed treatment market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global seed treatment market report would provide approximately 69 tables, 67 figures, and 200 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
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