The global seed treatment market size isexpected to reach USD 13.46 billion by 2025, exhibiting a CAGR of 12.19% duringthe forecast period. The increasing R&D activities for effective seedtreatment products and nutrition enhanced planting seeds will enable speedyexpansion of the global market, states Fortune Business Insights, in a report,titled “Seed Treatment Market Size,2018-2025.” The market size stood at USD 5.33 billion in 2017.
COVID-19 Impact:
Government Promotions for Seed Care to Push GrowthDuring COVID-19 Outbreak
The COVID-19 pandemic has had a minor effect on the seed treatmentindustry, owing to transportation constraints. The government has exempted allforms of agricultural operations from the effects of lockdowns or disturbances,so there has been no such effect from the coronavirus outbreak. Due to panicbuying by farmers, agrochemical firms have made double-digit profits comparedto last year.
The government has backed farmers who are becoming more aware ofthe benefits of seed care. Governments maintain seed banks to store seeds thathave been adequately handled with seed treatment chemicals, avoiding seedrotting. The market is being driven by government legislation and campaignsencouraging the use of seed care. Chemical agents, such as fungicides,insecticides, and other chemicals, make up the majority of the global seedtreatment market share, with chemical agents being the most common applicationcategory.
Market Segments:
Biological Seed Treatment to Dominate Market
Crop treatment has a prolonged account of being used to protectseeds from seed-borne diseases and pests before they are planted. Duringstorage and planting in the field, the majority of commercial seeds aresynthetically treated with insecticides, fungicides, or a mixture of fungicidesand insecticides. In different field trials, seed treatment with biologicalshas shown to be effective and has achieved higher approval from the crop yield.Biological seed treatment currently has a 16.24 percent market share in theseed treatment market and is expected to expand rapidly from 2018 and 2025.
Report Coverage:
The seed treatment market report offers both qualitative andquantitative perspectives, as well as a thorough overview of market size andgrowth rate for all market segments. Kind, feature, application method, stageof seed treatment, and crop type are all used to segment the market. The study alsoincludes a detailed review of the market subtleties and competitive standpoint.Product releases, recent market developments such as mergers and acquisitions,the authoritarian setup in key countries, patent review, and key industrytrends are all covered in this study.
Driving Factor:
Preservation of High-Value Gm Seeds to Back Development
Due to the combined R&D activities of key players in thelaunch of products, the seed treatment industry has achieved a high degree ofacceptance and popularity over the last decade. Crop producers have been ableto achieve productivity in preserving high-value gm seeds while also loweringthe high loading rates of chemical active ingredients acknowledgments to seedtreatment products.
Farmers have been urged to secure seeds to ensure propergermination of seedlings and crop productivity due to novel traits incorporatedin newly introduced seed varieties and a steep upward trend in the price ofseeds in recent decades. This factor will boost the seed treatment market.Moreover, Insect, pest, and disease control has historically been accomplishedthrough the application of synthetic pesticides through foliar application.Seed treatments are a better alternative to conventional/traditional pestcontrol approaches or may complement other control measures to achieveacceptable results in the field, based on cost, effectiveness, and protection.In addition, the growing efforts of companies to produce seeds that have lowerabiotic tolerances can further incite the market.
Regional Insights:
High Production of Soybean and Corn to Augment Growth in SouthAmerica
The global seed treatment industry is currently dominated by twomain markets: North America and South America, and they are expected to reporta substantial portion of the demand during the forecast period. South Americais a major supplier of soybean and corn to global markets, and the sector'scommercial growth is pushing up the need for seed treatment goods in theregion. The Asia Pacific is expected to hold a significant share during theforecast period. The increasing promotion and facilitation of seed treatmentactivities by governments can boost the seed treatment industry in the region.
Competitive Landscape:
Bayer CropScience Makes a Noteworthy Contribution to the SeedTreatment Market
Bayer CropScience has dominated the seed treatment market shareowing to its long history, successful R&D activities, and product portfoliobuilt up with innovative products specifically in the seed treatment industry.BASF, Syngenta, Incotec, Arysta LifeSciences, Nufarm, UPL, and SumitomoChemical are among the other major players expected to expand their presence inthe industry during the forecast period.
Key Development:
April 2019: IHARA launched a product “CERTEZA N”(fungicidal seed treatment used to regulate nematodes in soybean and corncrops).
May 2019: Syngenta launched a new fungicide seed treatment productVAYANTIS. It contains picarbutrazox active ingredient and Pythium andPhytophthora to ensure better germination, establishment, and higher yields incrops.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156
