Global Seed Treatment Market; By Type (Insecticides, Fungicides), By Crop Type (Medical, Forensic), As well as by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast: 2023-2032

Report Overview

The seed treatment market was valued at USD 6.1 billion in 2021 and is projected to reach USD 13.54 billion growing at a compound annual growth rate (CAGR) of 8.3%, between 2023 and 2032.

This market is anticipated to expand due to substantial growth in the agricultural sector, and increasing agricultural R&D activities to improve seed potential and yield. This market report gives a detailed analysis of the Seed Treatment market share, share, growth, key trends, and other key factors.

Global Seed Treatment Market Scope:

Type Analysis

With respect to ‘Type’, the global seed treatment market was dominated by the ‘Insecticides’ segment, which accounted for 52.6% of market revenues. The insecticides segment is driven by habitat fragmentation and insect-prone climate conditions in certain regions.

In 2021, the global demand for ‘Fungicides’ accounted for 34.2% of the seed treatment market. The forecast period is expected to index a surge in crop demand from regions that have favorable climates for fungal growth.

As consumers become more aware of environmental issues and food safety, chemical treatment methods are also gaining popularity. This segment is slated to be driven by an increase in the preference for organic fresh fruits & vegetables over the next few years.

The adverse effects of chemical seed treatments on the environment and human health are well-documented. This segment will be restricted by a surge in stringent regulations.

Crop Type Analysis

On the basis of ‘Crop Type’, globally, ‘Corn/Maize’ was the dominant market segment, accounting for around 34.5% of this market’s shares in 2021. This segment will continue to dominate this industry in the future due to the growing demand for biofuels.

The demand for soybeans was US$215.74 million in 2021, and it is likely to grow at a 5% CAGR between 2023 and 2032. The seed treatment market for soybean is anticipated to grow due to increasing agricultural activity in the APAC region.

The ‘Canola’ crop type segment will be driven by the increasing demand for biofuels and energy conservation. This segment will likely index a 10.3% CAGR, between 2023 and 2032.

Кеу Маrkеt Ѕеgmеntѕ:

By Product Type

• Insecticides
• Fungicides
• Nonchemical

By Crop Type

• Maize
• Soybean
• Wheat
• Canola
• Cotton

Market Dynamics:

Market growth for the seed treatment industry is expected to be driven by a surge in corn production, a growing demand for biofuels, and a greater need to conserve energy. Market growth for seed treatment solutions is also expected to be accelerated by changing climatic conditions.

Booming global populations are also expected to drive the seed treatment market growth prospects. This will result in a spike in seed market sales. The United Nations predicts that the world’s population will reach 9.1 billion people by 2050. This is expected to increase the global demand for food.

The market for seed treatment is anticipated to be augmented due to the increasing use of GMO and conventional seeds as well as an increase in global agriculture activity.

Developing countries are registering a growing demand for biological seed treatments. This could create potential market opportunities. Non-chemical seed treatments, which include antagonist bacteria, antagonist fungal, and biological agents, are becoming more crucial.

These bacteria are added to the soil environment to colonize and seed enhancement and protection from soil-borne diseases. the seed treatment market growth for this industry is expected to be accelerated by the continued development of the agriculture sector and the expansion of food production due to increased spending by all income levels.

Organic food consumption is a major trend in this market. This is due to the fact that it improves an individual’s lifestyle, as well as a growing number of individuals being able to afford these products due to higher disposable incomes. Furthermore, the growing popularity of insecticides and fungicides among farmers will also contribute to the market growth trajectory of the seed treatment industry.

This market trend, which is expected to boost growth, is partnership and distribution agreements between key manufacturers. In July 2017, Valagro, a producer and marketer of specialty nutrients and biostimulants, signed an agreement to supply seed treatment biostimulants through Syngenta.

Market growth will be impeded by the risks associated with using chemicals in seed treatment. The main method of seed treatment involves the use of herbicides and insecticides as well as pesticides. These chemicals must be handled with care.

The seed treatment market growth for seed treatment is also likely to be limited by the low margins of major crop producers as a result of various economic factors. Market growth may also be limited by strict regulations concerning the use of seed treatments due to the presence of harmful chemicals.

Seed coating is also used to improve the shape and size of seeds. seed coating is also used to improve the size and shape by applying coatings to increase the ability to sow and the flowability of seeds.

Manufacturers of seed treatment products are in the process of developing new varieties of these chemical compounds that may improve crop yields of crops both quantitatively and qualitatively.

It is the increase in demand for integrated pest-management techniques such as treatments for seeds as well as pest resistance and organic farming practices, as well as to minimize losses from postharvest crops has led to increased use of bio-based seeds treatment.

An increase in the export and production of premium agricultural products in developing economies in Asia Pacific is expected to boost increasing the demand for seed treatment.

Regional Analysis

North America, which accounts for 42.5% of global demand in 2021, is the largest share of the regional market in terms of revenue. Due to the increasing demand from the agriculture sector, it is expected to maintain its market dominance over the projected timeline. Europe will index an 8.9% CAGR between 2023 and 2032, driven by a growing preference for organic food products.

Due to continued developments in agriculture and increased awareness among consumers, the Asia Pacific market is expected to grow at a 10.6% CAGR, between 2023 and 2032.

From 2023 to 2032, Latin America will experience a CAGR of 10.3%. This is due to an increase in income, which will result in higher food consumption among all income levels.

Key Regions and Countries Covered іn This Rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Top industry players are focused on expanding their respective market share and profit margins through extensive R&D initiatives. Companies are forming strategic agreements, or through the acquisition of related companies in order to increase the adoption of seed treatment techniques and expand existing product portfolios. Major companies included in the seed treatment market report are BASF SE, FMC Corporation, Bayer AG, Adama Ltd., Novozymes A/S, and others companies.

Seed Treatment Market Key Рlауеrѕ:

• BASF SE
• FMC Corporation
• Bayer AG
• Adama Ltd.
• Novozymes A/S
• Croda International Plc
• Syngenta AG
• Nufarm
• Other Key Players
  

These are the major players in seed treatment market.