Seed Treatment Market Overview:
Global Seed Treatment Market is projected to register an 8.5% CAGR and reach USD 9.7 Billion by 2030.
Seed Treatment Market Dynamics:
In comparison to other crop protection methods, Seed Treatment Market is a cost-effective alternative that is predicted to drive the global market for seed treatment. The industry is spurred by rising demand for high-efficiency seed chemicals and the desire to convert every seed into a viable seedling and maximise output. Additionally, the increased desire to increase crop yields through cost-effective methods is fuelling demand growth. Additionally, innovations in formulations and active ingredients have benefited in the care of seeds by providing a broad variety of insect, disease, and nematode defences with insecticides, fungicides, and inoculants.
The increased acceptability of organic agricultural practises in developing nations is likely to provide profitable growth opportunities for vendors in the seed treatment business. Numerous new product developments will be able to reach the industry in the next five years with an improvement in seed treatment R&D operations. Manufacturers of seed treatment products are developing fresh formulations of these products that may have a significant positive effect on crop yields, both qualitatively and statistically.
Natural hazards, such as storms, landslides, flooding, and other extreme weather events, may have a detrimental effect on the worldwide seed treatment industry’s development.
The COVID-19 pandemic had a modest influence on seed care need, owing mostly to transportation constraints. The government has exempted all agricultural operations from the implication of lockdowns or disturbances, although the corona outbreak has had no such effect. Indeed, as a result of farmers’ panic buying, agrochemical companies have posted double-digit gains year over year. Businesses maintained enough stocks, allowing farmers to purchase seed treatment goods as needed.
Competitive Dynamics:
The notable players of the market are Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), Nufarm (Australia), DuPont de Nemours, Inc. (US), FMC Corporation (US), ADAMA Agricultural Solutions Ltd (China), Croda International Plc (UK), and UPL Limited (India).
Seed Treatment Market Segmental Analysis:
By Type: Chemical and Non-Chemical {Biological and Physical}
By Application Technique: Dressing, Coating, Pelleting and Others
By Function: Seed Protection and Seed Enhancement
By Crop Type: Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and Others
Regional Overview:
North America dominated the Seed Treatment Chemicals market in 2018. In 2018, the area held a market share of 30.17 percent. The seed care sector in North America, and particularly in the United States, has seen a considerable structural upheaval and revolution in recent years.
However, Asia-Pacific is expected to grow at the fastest rate of 10.54 percent during the forecast period. China and India are the area’s main country-level markets, contributing to its expansion.
Rice consumption will also expand in the Middle East and Africa, where rice is gaining prominence as a worldwide food staple and calorie source. The market situation for grains has been characterised by a supply glut and weak demand growth. However, this sector’s growth is being driven by increased yields and increased use in food-related applications. This is expected to fuel market growth in this region.
Recent Development:
January 2021: A new Centre of Seed Applied Technology (CSAT), a new agricultural science centre in Aussonne, France, has been established by Corteva Agriscience. The new centre, scheduled to be operating in the first half of next year, will enable European farmers to increase the harvest of their crops. The centre, the first in Europe and the third in the world, will concentrate on service creation with technological investment in innovative technologies for seed treatment to help farmers meet the demands of evolving agriculture.
January 2021: BASF, a leading player in the industry, has armed cereal farmers with a strong new Teraxxa seed treatment to fight wireworms. This seed treatment provided farmers with what no other treatment currently recorded could offer: wireworm mortality. The U.S. just registered this new offering. Agency for Environmental Protection (EPA) which will be eligible for the rising season 2021.
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