Seed Treatment Market Forecasts to 2028 – Global Analysis By Type (Chemical and Non-Chemical), Function (Seed Enhancement and Seed Protection), Crop Type (Oilseeds, Fruits & Vegetables and Other Crop Types), Formulation (Dry Formulation and Liquid Formulation), Stage of Seed (On-farm and Off-farm), Application Technique and Geography
According to Stratistics MRC, the Global Seed Treatment Market is accounted for $11.63 billion in 2022 and is expected to reach $26.38 billion by 2028 growing at a CAGR of 14.62% during the forecast period. Seed treatments are biological, physical, and chemical substances and techniques used to seed to provide protection and assist the establishment of healthy crops. Seed treatment safeguards crops against a wide range of crop-destroying pests, as well as soil-borne viruses and insects. Furthermore, they have been discovered to be necessary for corn yields. The demand for food, fuel, and feed is fast increasing as the world's population grows.
According to the National Bank for Agriculture and Rural Development (NABARD), agricultural production in India declined by -2.7% due to the outbreak of the COVID-19 pandemic in 2020.
Market Dynamics:
Driver:
Rising interest in seed coating
Agronomists around the world are researching various methods of ensuring a balanced food supply in order to ensure a steady supply of grains and enhance total agricultural production. As a result, seed handling procedures are evolving. Manufacturers are integrating seed coating technologies such as seed film coating, seed encrusting, and seed pelleting to protect stored seeds from rotting, nutrient loss, and insect damage. These steps will ensure that agricultural products and seed treatment materials continue to grow steadily. Seed coating materials are commonly used in agricultural, fruit, and vegetable production. This is due to the higher value of economic crops compared to turf grass, pasture, wild species, and flowers.
Restraint:
Government regulations and industry standards
Various government entities, organisations, and associations control the seed treatment sector, including the USDA, Health Canada, the European Commission, and the Asia Pacific Associations (APSA), among others. Companies engaged in the seed treatment sector must follow the regulatory rules established by various agencies. These requirements differ across locations, making it difficult for manufacturers to comply with all of them. The active chemicals used in seed treatment solutions require many approvals before the product can be commercialised. Specific law has been devised to regulate the commercialization and marketing of crop protection and treated seed, mainly in industrialised countries.
Opportunity:
Enabling policy and regulatory framework
The public sector's support of agricultural policies and efforts to increase the profitability of agriculture are what are driving the expansion of the worldwide seed treatment industry. Governments and regulatory bodies around the world have stepped up their efforts to support their agrarian industry, which is already extensively subsidised in several agri-dependent emerging nations. The governments of various established and developing countries have recognised the significance of seed treatment in ensuring optimal crop emergence. Treating the seeds with synthetic or biological solutions, as opposed to foliar application of other conventional inputs, is a well-targeted strategy for minimising disease and increasing output.
Threat:
Low awareness and modern technological challenges
The primary impediment to market expansion is its underutilization in places where it may play a critical role in overall yield enhancement and crop protection. Many farmers in impoverished nations are unaware of the various components of seed treatment. Modern agricultural difficulties necessitate creative solutions based on environmentally friendly inputs to safeguard and improve commodities. Furthermore, companies must be more careful not to combine biologicals with products, which would significantly reduce the effectiveness of such solutions. The dominance of existing crop protection measures, as well as their widespread availability among producers, crowd out the introduction of novel treated seeds to the market.
Covid-19 Impact
The breakout of the COVID-19 pandemic has had a substantial impact on worldwide market growth due to interruption in the supply chain as a result of vehicle movement restrictions and lockdown. Prices for agricultural supplies such as insecticides and fertilisers have risen by 10% to 12% as a result of market closures. Because of travel limitations imposed by most countries throughout the world, the business has faced hurdles in product certification and manufacture, as well as barriers to international trade. This ongoing trend is projected to continue, resulting in further production and raw material constraints over the forecast period.
The chemical segment is expected to be the largest during the forecast period
The chemical segment is estimated to have a lucrative growth, due to its increasing use in developing countries, ease of availability, high efficiency, and lower costs compared to non-chemical products. Protection from chemical seed treatments can be linked to their ability to increase germination and sustain health. Furthermore, seed treatment chemicals repel pests, insects, and microbes more effectively than biological treatment treatments. There are several high-accuracy automatic treatment machines available, making them less labour-intensive. Fungicides and insecticides are synthetic compounds that are applied to seeds to protect them against disease.
The seed protection segment is expected to have the highest CAGR during the forecast period
The seed protection segment is anticipated to witness the fastest CAGR growth during the forecast period, as it provides a complete protection solution against various plant stressors in a single product that is grower-friendly, crop-friendly, and environmentally responsible. Furthermore, as compared to conventional crop protection solutions, seed protection treatments are less expensive, require less application effort, and save time. When seeds are safeguarded, pests and disease transmission are halted before the seeds and seedlings are harvested equally. The infections may harm or destroy the seeds before they have a chance to mature.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to an increase in demand for fodder and forage crops. Crop protection chemicals are in high demand in nations such as Japan, China, and India. APAC is accelerating market expansion in order to satisfy the enormous demand, which is predicted to rise more during the forecast period. Most well-known players are growing their operations in the APAC area, which will drive up demand. Rising demand for high-value crops, as well as increased farmer awareness of the benefits of treatment options, are likely to create market expansion prospects.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the growing popularity of agriculture in the region and the need for better-quality seeds. Seeds treated with solutions are expected to help in resistance control and to reduce operational complexity. Central and Eastern Europe have high intensification potential due to a lack of technological interventions, which is exacerbated by erratic weather patterns and natural restrictions. Furthermore, seed treatments can help the crop's early growth. Thus, manganese and zinc-based seed treatments that boost the plant's root system are gaining favour in the region.
Key players in the market
Some of the key players profiled in the Seed Treatment Market include NuFarm Ltd., BASF SE, Syngenta AG, Germain's Seed Technology, Inc., UPL ltd., Bayer AG, Croda Int. PLC, Sumitomo Chemical Co. Ltd., Corteva Agriscience, FMC Corporation, DuPont, Crop Science, Precision Laboratories, LLC, Tagros Chemicals India Ltd., Tozer Seeds Ltd, Jeevan Chemicals Pvt. Ltd. and Novozymes A/S
Key Developments:
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 October 2021, UPL Ltd., a global supplier of sustainable agriculture products and solutions, launched a technology-driven seed treatment solution Electron 3-WM (3 Way Mix), in the seed and plant health segment. The product is economical as it reduces the need for foliar applications in the early phase of the plant cycle, leading to decline in the cost of production.
In March 2021, Syngenta introduced a new corn seed treatment, Vayantis fungicide. The product contains the active ingredient picarbutrazox, a fungicide treatment developed to protect seedlings from key blight and damping-off diseases. This new product launch will help farmers to combat Pythium, a fungi, and protect their crops.
Types Covered:
• Chemical
• Non-Chemical
Functions Covered:
• Seed Enhancement
• Seed Protection
Crop Types Covered:
• Oilseeds
• Fruits & Vegetables
• Cereals & Grains
• Other Crop Types
Formulations Covered:
• Dry Formulation
• Liquid Formulation
Stage of Seeds Covered:
• On-farm
• Off-farm
Application Techniques Covered:
• Seed Coating
• Seed Dressing
• Seed Pelleting
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 2020, 2021, 2022, 2025, and 2028
- 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
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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