Seed Treatment Market Forecasts to 2030 – Global Analysis By Crop Type (2 Cereals & Grains, Oilseeds, Fruits & Vegetables and Other Crop Types), Type, Formulation, Function, Application and By Geography

Seed Treatment Market Forecasts to 2030 – Global Analysis By Crop Type (2 Cereals & Grains, Oilseeds, Fruits & Vegetables and Other Crop Types), Type, Formulation, Function, Application and By GeographyAccording to Stratistics MRC, the Global Seed Treatment Market is accounted for $12.9 billion in 2023 and is expected to reach $33.7 billion by 2030 growing at a CAGR of 14.7% during the forecast period. Biological and chemical agents intended to be applied to seed surfaces or vegetative propagation materials, such as tubers and corms, in order to preserve the seed's quality are referred to as ""seed treatments."" It entails multiple stages of treatment, including coating, priming, phytosanitary treatment, pelleting, and microbial inoculation. Other treatment steps include exposing the seeds to the sun and submerging them in nutrient-rich water.

According to the Government of India, the agriculture sector accounts for 18.8 % of the Country's Gross Value Added (GVA) in 2021-22 and has experienced flexible growth in the past two years. It grew at 3.9% in 2021-22 and 3.6% in 2020-21.

Market Dynamics:

Driver:

Commercial enterprises have a high demand for seed coating

Farmers are switching from traditional farming practises to modern farming practises as public awareness of innovative agricultural approaches grows. Due to the finite supply of resources, the shift is mostly caused by the desire for greater gains and profits. Commercial seeds are becoming more and more popular among farmers as a means of maximising the advantages they offer. Using the greenhouse farming technique, high-value products like fruits, vegetables, and ornamental plants are grown. The world over, this is an expanding tendency.

Restraint:

Natural disasters

Natural catastrophes, such as storms, landslides, flooding, and other instances of extreme weather, may negatively affect the total output of raw fruits and vegetables, which may hinder the expansion of the global seed treatment industry. Due to the short shelf life of treated seeds, germination of seeds and vigour loss are increasing, notably in seeds like soybeans. The coated bacteria in seeds may struggle to survive, shortening their shelf life. Additionally, unfavourable weather conditions are preventing demand growth.

Opportunity:

Evolving regulatory and policy environment

Public sector initiatives to promote agricultural policy and increase the profitability of agriculture are what are driving the market expansion. The agrarian sector, which is already substantially subsidised in some agri-dependent emerging nations, has attracted the attention of governments and regulatory agencies from all over the world. Treating the seeds with synthetic or biological solutions is a well-targeted strategy for minimising the illness and improving the yield, as contrasted to the foliar application of other conventional inputs.

Threat:

Regulations from the government and industry standards

Businesses that treat seeds must abide by the regulations set forth by numerous regulatory bodies. When attempting to comply with these standards' various requirements in various countries, manufacturers face a tremendous difficulty. Before using the active components in the commercialization of the solutions created for seed treatment, several regulatory clearances are required. But in the majority of developing nations, products for treating seeds are grouped with traditional agrochemicals.

Covid-19 Impact

The COVID-19 pandemic outbreak brought extraordinary difficulties for several nations and significant issues for a number of sectors. During the initial lockdown, the seed treatment business had temporary setbacks, particularly as a result of decreased demand from commercial growers as a result of labour shortages. Additionally, seed treatment is a crucial component of agriculture, thus the production facilities kept running throughout the lockdown. Nevertheless, the pandemic caused supply and demand chain disruptions in the sector.

The biological seed protection segment is expected to be the largest during the forecast period

The biological seed protection segment is estimated to have a lucrative growth. Growing organic farming adoption, the high demand for chemical residue-free agricultural products, growing environmental and public health concerns about the use of chemical seed treatment, and global government campaigns to encourage the use of biological seed treatment are the main factors driving the growth of this market. Rice, corn, soybeans, and canola are some of the widely studied crops that are being grown more and more frequently.

The seed coating segment is expected to have the highest CAGR during the forecast period

The seed coating segment is anticipated to witness the fastest CAGR growth during the forecast period, owing to increasing the commercial value of seeds by improving their appearance. The industry's seed coating division is anticipated to be the most profitable one due to the widespread use of grains. The prevalence of seed illnesses, which negatively impact crop development and health overall, is driving up demand for seed coating materials, which protect seeds from pests and other dangerous microbes in the soil environment.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increased agricultural activities in the region coupled with high crop demand from the major countries. As more individuals pick rice as their main source of calories and staple meal on a global scale, its popularity is predicted to expand. This is caused by the rising demand for agricultural products made from biomaterials, which is expected to promote regional market expansion during the projection period.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to demand for natural and organic goods is on the rise. Companies are responding to this market demand by creating items that satisfy the needs of a wide range of consumers. Agriculture is one of the most important trends in rural Europe. Due to elements including the rising demand for high-value crops and farmers' increased awareness of the benefits of treatment options, there are opportunities for market expansion.

Key players in the market

Some of the key players profiled in the Seed Treatment Market include Corteva Agriscience, Bayer AG, FMC Corporation, BASF SE, Sumitomo Chemical Co. Ltd., Syngenta AG, Monsanto Company, Croda Int. PLC, UPL ltd., Germain's Seed Technology, Inc., NuFarm Ltd., Associated British Foods Plc, Novozymes AS, Roquette Freres SA, Corteva Inc., BioWorks Inc. and Humintech GmbH.

Key Developments:

In February 2023, Bayer and Kimitec announced a partnership to advance biological research. A new strategic partnership between Bayer and Kimitec will focus on biological crop protection and biostimulant development and commercialization.

In August 2022, BASF and Poncho Votivo announced a partnership with the Field of Dreams Movie Site, a famous cornfield in the U.S. With broad spectrum insect control and strong nematode protection, Poncho Votivo delivers higher yields.

In March 2022, Syngenta extended its Seedcare portfolio by adding CruiserMaxx APX. The new product is going to provide protection against diseases including Phytophthora and Pythium.

Crop Types Covered:
• Cereals & Grains
• Oilseeds
• Fruits & Vegetables
• Other Crop Types

Types Covered:
• Non-Chemical
• Chemical
• Other Types

Formulations Covered:
• Water Dispersible Granules (WG )
• Emulsion (ES)
• Flowable Concentrate (FS)
• Gels (GF )
• Liquid Solution (LS)
• Powder For Dry Seed Treatment (DS)
• Water Dispersible Powder For Slurry Seed Treatment (WS)
• Water Soluble Powder (SS)

Functions Covered:
• Seed Enhancement
• Seed Protection
• Other Functions

Applications Covered:
• Seed Pelleting
• Seed Coating
• Seed Dressing
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements