The global seed treatment market is estimated to be valued at USD 6.4 billion in 2020 and is projected to reach USD 11.3 billion by 2025, recording a CAGR of 12.1%. The seed treatment market has high growth potential in emerging markets, such as Asia Pacific and South America, as these chemicals have the potential to kill the seed-borne and soil-borne pests during the initial stages of seed growth. Most of the chemicals have been banned in European countries, due to its toxic effect on the environment and hence growers are adopting technologies which has less impact on the biodiversity. Technologies like seed coating and pelleting is gaining wider acceptance specially in high-value crops that helps in improving germination rate and protection from unwanted pests.
By application technique method, the seed treatment market is segmented into seed coating, seed dressing, and seed pelleting. The seed coating method includes a specific binding agent that is used with a formulation to enhance adherence to the seed. Constant technological advancements are being witnessed in the market, wherein film and polymer coatings are used to allow imbibition of water, and consequently, the germination process. . The rise in demand for controlled-release technology and its use in crop protection are the key factors that have widened the scope of growth for manufacturers in the seed coatings market.
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On the basis of type, the seed treatment market is segmented into chemical and non-chemical seed treatment. Chemical seed treatment is the most common among other methods of treatment, which includes the usage of pesticides, such as fungicides or insecticides, on seeds before sowing. Most of the growers use combination of chemicals, which makes it important to check the compatibility between two chemical compounds as it may affect the seed germination of the crop. On the other hand, biological seed treatment is also gaining popularity due to the demand for organic products. Due to its non-chemcial property, it is more reliable than chemicals for crop growers.
Based on crop type, the seed treatment market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and other crop types. The cereals & grains segment is projected to witness the fastest growth during the forecast period. Cereals & grains is considered as staple food across many region and the growth of this market is driven by improvement in yield and increased use in food-related applications. According to the USDA, in the US, corn is the major feed grain accounting for over 95% of the total feed grain production and use. It is used as the main energy ingredient in livestock feed. According to the FAO, the global wheat production in 2019 stood at 761.5 million tonnes, up by 3.2 million tonnes. Rising income levels and adaption of westernized diets have fueled the demand for wheat-based products.
Based on function, the seed treatment market is segmented into seed protection and seed enhancement. Seed protection chemicals include fungicides, insecticides, nematicides, and biopesticides, but may also contain other pesticide types or combinations, such as active ingredients, whereas seed enhancers include inoculants & physical seed treatment. The benefits of the application of crop protection chemicals, such as fungicides, insecticides, and nematicides, in seed treatment, including precision targeting, reduced chemical concentration, and ease of handling, are the major reasons for the increase in demand for seed protection products. The seed treatment market is dominated by the Americas due to the high adoption rate of seed protection solutions in these regions, with major markets being The US, Brazil, and Canada.
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The major players, such as BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Syngenta AG (Switzerland), Corteva Agriscience (US), FMC Corporation (US), Adama Ltd (Israel), Croda International (UK), UPL Ltd (India) and Nufarm (Australia), in the seed treatment market are focusing on new product launches, expansions & investments, acquisitions & mergers, agreements, joint ventures, collaborations, and partnerships to expand their global footprint.
