The global seedtreatment chemicals market was valued at around US$ 3,500.0Mn in 2017 and is anticipated to expand at a CAGR of more than 5.0% from 2018to 2026, according to a new report published by Transparency Market Research(TMR) titled ‘Seed Treatment Chemicals Market – Global Industry Analysis, Size,Share, Growth, Trends, and Forecast, 2018–2026.’ The global seed treatmentchemicals market is driven by the rise in demand for seed treatment chemicalsamong farmers due to their effective usage in crop protection and yieldenhancement. The seed treatment chemicals market in Asia Pacific is expected toexpand at a CAGR of around 8.0% during the forecast period. Improvement in seedtreatment active ingredients, advancement in farming practices, enhanced plantgrowth, and improvement in crops’ stress tolerance are factors estimated todrive the global seed treatment chemicals market during the forecast period.
Increasein Prevalence of Crop Diseases and Pests
Of late,the threat of crop diseases and transboundary plant pests has amplified due tothe drastic climatic changes and improper or inappropriate crop protectionmethods. Seeds and seedlings are vulnerable to several foliar pests andsoil-borne diseases. Soil-borne diseases substantially lower the photosyntheticcapacity of vegetable plants, thereby hampering the crop yield. Thus, rise inprevalence of soil-borne diseases and pests causes significant yield losses.Seed treatment chemicals are primarily used to ensure uniform crop standestablishment by protecting crops against soil-borne pathogens and insects.Seed treatment chemicals exterminate seed-borne pathogens such as smut, bunt,mycelium, bacteria, and nematodes. Thus, high prevalence of soil-borne diseasesand pests is anticipated to boost the demand for seed treatment chemicals.Increase in demand for seed treatment chemicals owing to their characteristicsof seed disinfection and seed disinfestation from seed-borne and soil-bornepathogenic organisms, and storage insects is projected to drive the global seedtreatment chemicals market.
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Rise in Demand for BiostimulantSeed Treatment Chemicals
Biostimulantseed treatment chemicals foster crop growth and development by enhancing cropvigor, crop yield, crop quality, and tolerance of abiotic stresses in crops.Biostimulant seed treatment chemicals facilitate nutrient assimilation andtranslocation. This enhances the efficiency of crop metabolism, thus increasingits yield and quality. Biostimulant seed treatment chemicals stimulate waterabsorbing capacity of crops and enhance soil fertility by encouraging thedevelopment of complementary soil micro-organisms. A paradigm shift inutilization rate of biostimulant seed treatment chemicals over pesticide foliarsprays is likely to boost the global seed treatment chemicals market.Implementation of stringent regulations on usage of neonicotinoids basedpesticides in EU countries is anticipated to provide an impetus to the adoptionrate of biostimulant seed treatment chemicals. Rise in usage of biostimulantseed treatment chemicals owing to their beneficial functions is projected todrive the global seed treatment chemicals market during the forecast period.
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North America Dominates Global SeedTreatment Chemicals Market; However, Asia Pacific to Resister ExponentialGrowth and Offer High Incremental Opportunity
Based onregion, the global seed treatment chemicals market can be segregated into NorthAmerica, Europe, Asia Pacific, Latin America, and Middle East & Africa. Interms of value, North America was the leading region of the global seedtreatment chemicals market in 2017. The U.S. accounted for significant share ofthe seed treatment chemicals market in the region, owing to the higher adoptionrate of seed treatment chemicals for different crops such as wheat, corn, andsoybean. Increase in agricultural activities in emerging markets such as India,China, and Australia is driving the seed treatment chemicals market in AsiaPacific. Advent of advanced farming techniques and favorable climaticconditions are anticipated to produce high crop yields in Asia Pacific. Theusage of advanced farming techniques such as seed priming, seed coating, andseed pelleting using seed treated products is projected to boost the demand forseed treatment chemicals in Asia Pacific in the next few years. Furthermore,the seed treatment chemicals market in Argentina and Brazil is likely to expandat a rapid pace during the forecast period.
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Eminentplayers operating in the global seed treatment chemicals market include BASFSE, Bayer AG, DowDuPont Inc., FMC Corporation, Germains Seed Technology, NufarmLimited, Platform Specialty Products Corporation, Syngenta AG, UPL Limited, andValent U.S.A. LLC (Sumitomo Chemical Company Limited). These players arefocusing on acquisitions and strategic collaborations in order to increasetheir market share.
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