Seed Treatment Market Overview: Challenges, Drivers, Analysis, Industry Share and Forecast 2030
Market Dynamics:
In comparison to other crop protection methods, seed
treatment is a cost-effective alternative that is predicted to drive the global
Seed Treatment Market. 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 fueling 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 through the use of 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.
Seed Treatment Market Overview:
Global Seed
Treatment Market Size is projected to register an 8.5% CAGR and
reach USD 9.7 Billion by 2030.
Regional Overview:
North America dominated the seed treatment market in 2022.
In 2022, 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.
Competitive Dynamics:
The global Key Seed Treatment Market Players 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).
Segmental Analysis:
Chemicals dominated the global Seed
Treatment Market Overview by type in 2022.
By Application Technique, the pelleting segment is predicted
to increase at the fastest rate throughout the forecast period. In 2022, the
dressing category captured the biggest market share, while the pelleting sector
is expected to grow at the fastest CAGR throughout the study period.
According to function, the seed protection segment captured
a greater revenue share of the worldwide seed treatment market in 2022.
By Crop Type, the cereals & grains segment led the
market in 2022 and is likely to continue dominating the market during the
forecast period.
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