The seed treatment market refers to the industry involved in treating seeds with various products to enhance their performance, protect them from diseases and pests, and improve overall crop yield. Seed treatment involves the application of fungicides, insecticides, herbicides, and other chemical or biological agents to seeds before planting. This process helps in safeguarding seeds during germination and early growth stages. With an excellent compound annual growth rate of 8.3%, the seed treatment industry size is predicted to reach $9.2 billion by 2027. In 2022, the market valuation reached an amazing US$ 6.1 billion, and it is only expected to climb from there.
Several factors contribute to the growth of the seed treatment market:
Crop Protection:
Seed treatments protect crops from diseases, pests, and environmental stress during the critical early stages of growth.
Increasing Demand for High-Quality Seeds:
As the demand for high-quality and high-yield crops rises globally, farmers are increasingly investing in treated seeds to ensure better germination and plant health.
Advancements in Seed Treatment Technologies:
Ongoing research and development in seed treatment technologies, including the development of new formulations and application methods, contribute to market growth.
Environmental and Regulatory Concerns:
Seed treatments can be more targeted and environmentally friendly compared to traditional crop protection methods. This aspect becomes crucial in the context of growing environmental and regulatory concerns.
Enhanced Crop Productivity:
Treated seeds often result in better crop yields, which is a key driver for the adoption of seed treatment technologies.
Crop Diversification:
As farmers diversify their crops to meet changing market demands, the need for specialized seed treatments tailored to different crops and regions increases.
Increasing Global Population:
With a growing global population, there is an increased emphasis on improving agricultural productivity to meet food demand, further driving the demand for seed treatments.
Integrated Pest Management (IPM) Practices:
Seed treatments are often part of integrated pest management strategies, contributing to sustainable and environmentally responsible agriculture.
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High demand for seed coating in commercial operations:
With the rising awareness regarding innovative agricultural methods, the farmers are shifting from traditional farming methods to modern farming methods. The shift is primarily driven by the need for higher gains and profits with limited availability of the resources. The farmers are increasingly consuming and investing in commercial seeds to leverage the benefits associated with them. This is a rising trend throughout the globe. High-value crops such as fruits and vegetables, and ornamental plants are grown using the greenhouse cultivation method. The seeds of these crops are extremely small, which makes it difficult to plant them at proper space. Seed coating is then used to increase the seed size and shape using coat to improve the flowability and sowability of these seeds. The technique is highly beneficial in commercial operations for accurate sowing. Seed treatment companies such as BASF SE (Germany), and Germanis Seed Technology (UK) offers seed coating solutions. A significant research in the field of seed coating have been over the years for preparation of various substances to be used as seed coating.
Asia Pacific is projected to be the fastest-growing region in the market during the forecast period.
Asia Pacific is projected to be the third fastest-growing region during the forecast period, owing to the fact that there is a growing demand for forage and fodder crops from the region. The increasing demand for crop protection chemicals from countries such as China, Japan, and India, in Asia Pacific is accelerating growth of market during the forecast period. Most of the established players are expanding their business in the Asia Pacific region driven by the increasing demand, and hence, is projected to be the fastest-growing during the forecast period. Increasing growth of high-value crops and rising awareness among farmers about the benefits of seed treatment solution are expected to provide more scope for market expansion.
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Primary seed treatment companies highlighted—>
Syngenta (Switzerland), BASF SE (Germany), Corteva Agriscience (US), FMC Corporation (US), UPL Ltd. (India), Bayer AG (Germany), Solvay (Belgium), Novozymes A/S (Denmark), ADAMA Ltd. (Israel), Eastman Chemicals Ltd. (US), Croda International Plc (UK), Certis Europe (Netherlands), Sumitomo Chemical (Japan), Rizobacter (Argentina), Bioworks Inc. (US), Marrone Bio Innovations, Inc. (US). These players in this market are focusing on increasing their presence through mergers & acquisitions, and partnerships. The seed treatment companies have a strong presence in North America, Europe, and South America. They also have manufacturing facilities along with strong distribution networks across these regions.
