The global Seed Treatment market size was valued at $5.81 billion in 2020 and is projected to reach $10.34 billion by 2026, growing at a CAGR of 10.1% during the forecast period.
• The major factors responsible for the growth of the market are the increasing research and development initiatives to improve crop yield and seed potential, reduced risk of exceeding minimum residue level, and increasing demand for basic grains and vegetables.
• Additionally, soaring demand for food owing to the rising population globally has provoked the need for more agricultural yield, which is expected to augment the use of seed treatment over the forecast period.
• However, lower margins for key industrial crops, the existing ban on neonicotinoids, and insufficient availability of seed treatment services & equipment for on-farm seed treatment activities are the factors hindering the market growth.
• Moreover, governments in the Asia Pacific are organizing nationwide campaigns and promoting bills that are projected to add strong support to the market growth.
Seed treatment involves the application of biological, physical, and chemical agents during planting to advance the health of crops. It provides disinfecting the seeds from insects, pathogens, and other pests. In addition, it improves the yield of crops, reduced pesticide increased usage, improved germination, ease of handling, and accuracy of planting, and has emerged as a cost-effective solution as compared to the conventional spraying method as it is less physical and enhances overall productivity.
By Type, the Major Market Share is Held by Chemical Seed Treatment Segment
Chemical seed treatment has dominated the overall seed treatment. The large share of this segment is mainly attributed to its increasing usage in developing countries, easy availability, higher efficiency, simpler application technique, and lower costs compared to biological. Pesticide manufacturers have been supporting the articulation of chemical compounds for seed processors. Several companies in the agrochemical industry offer broad-spectrum chemical seed treatment solutions for controlling seed and soil-borne diseases in a broad range of crops having a combination of two or more active ingredients to enhance seed quality.
By Geography, North America Region is Leading in the Global Market Place
North America accounted for the largest share of the global seed treatment market and they are projected to account for a significant proportion of the market in the forecast period as well. The large share of this region is mainly attributed to the large arable land, increasing demand for crop yield & efficiency, increasing adoption of high price GM seeds, and agricultural innovations are being promoted by local governments. Land use in these areas, especially in the United States and Canada is heading towards agricultural produce. Local laws are gradually more stringent to prevent unsustainable development from progressing as the regional population calls for environmental protection.
List of the Key Players Profiled in the Market Include:
• BASF SE
• Bayer AG
• Corteva Inc.
• FMC Corporation
• Syngenta AG
• Monsanto
• Dow AgroSciences
• DuPont
• Sumitomo Chemical
• Arysta LifeScience
• Incotec
• Bio Works Inc.
• Germains Seed Technology
• Adama Agricultural Solutions Ltd
• Advanced Biological Marketing Inc
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Type:
• Chemical Seed Treatment
• Non-Chemical Seed Treatment
Market by, Crop Type:
• Oil Seeds
• Cereals and Grains
• Fruits and Vegetables
• Other Crop Types
Market by, Application Technique:
• Seed Coating
• Seed Dressing
• Seed Pelleting
Market by, Function:
• Seed Protection
• Seed Enhancement
Market by, Geography:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Increasing research and development initiatives to improve crop-yield and seed potential
4.1.2 Reduced risk of exceeding minimum residue level
4.1.3 Increasing demand for basic grains and vegetables
4.2 Market Restraints
4.2.1 Lower margins for key industrial crops
4.2.2 Existing ban on neonicotinoids
4.3 Impact of COVID-19 on Seed Treatment Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Seed Treatment Market by, Type
6.1 Overview
6.2 Chemical Seed Treatment
6.3 Non-Chemical Seed Treatment
7 Global Seed Treatment Market by, Crop Type
7.1 Overview
7.2 Oil Seeds
7.3 Cereals and Grains
7.4 Fruits and Vegetables
7.5 Other Crop Types
8 Global Seed Treatment Market by, Application Technique
8.1 Overview
8.2 Seed Coating
8.3 Seed Dressing
8.4 Seed Pelleting
9 Global Seed Treatment Market by, Function
9.1 Overview
9.2 Seed Protection
9.3 Seed Enhancement
10 Global Seed Treatment Market by, Geography
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
12 Company Profiling
12.1 BASF SE
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Bayer AG
12.3 Corteva Inc.
12.4 FMC Corporation
12.5 Syngenta AG
12.6 Monsanto
12.7 Dow AgroSciences
12.8 DuPont
12.9 Sumitomo Chemical
12.10 Arysta LifeScience
12.11 Incotec
12.12 Bio Works Inc.
12.13 Germains Seed Technology
12.14 Adama Agricultural Solutions Ltd
12.15 Advanced Biological Marketing Inc
Report Details
SKU Code | : DI2030 |
Industry | : Agriculture |
Region | : Global |
Tables | : 126 |
Format | : Electronic PDF |
Published | : 2023 |
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