ID: MRFR/AGR/4695-CR | 111 Pages | Author: Snehal Singh | May 2020
The global seed treatment market is projected to reach approximately USD 9.7 billion by 2030, at a CAGR of 8.5% from 2022 to 2030. To enhance the health of crops, seeds are treated with biological, physical, and chemical substances before planting. It aids in reducing illnesses and infections that spread through soil and seeds. Additionally, it speeds up germination and boosts overall productivity. Neonicotinoids are currently the most widely used insecticides for seed treatment. Imidacloprid is the most popular neonicotinoid used to control aphids because it serves as a vector for viral infections. Furthermore, it works well against other pests like leafhoppers, hessian flies, and chinch bugs. As seed treatment is more effective and less labor-intensive than traditional spraying, it has become a more affordable crop protection method.WinField United announced the EPA registration of Warden CX II soybean seed treatment in October 2022. Root health, plant vitality, and production potential are all enhanced by Warden CX II's comprehensive defense against pests and diseases in the spring. Growers and retailers can rest assured that Warden CX II is made from the same tried-and-true recipe they've come to rely on over the years. This improvement enhances our current service to deliver a leading method of protecting soybeans from pests and diseases.
COVID-19 Impact Analysis
The COVID-19 pandemic has caused unprecedented lockdowns globally, crumpling daily operations and transforming consumer behaviors in almost every industry. Luckily, for the global seed treatment market, it had a minimal impact on the demand for seed care, primarily because of transportation constraints. All types of agricultural operations are immune from lockdowns or other disruptions by the government. The agrochemical companies have increased their profits by double digits compared to the previous year because of farmers' panicked buying behavior. Companies maintained enough supplies, enabling farmers to buy seed treatment products as essential.
The market for seed treatment will be driven by the increasing demand for higher crop yield, the rising demand for seed coating in commercial operations, and a low-cost crop protection solution.
Seed treatment is a cost-effective alternative to various other crop protection strategies and is anticipated to boost the global seed treatment market significantly. The requirement to turn every seed into a healthy seedling and produce high yields, as well as the rising demand for high-efficiency seed chemicals, are driving factors in the sector. Demand is also rising due to the increased requirement to employ strategies that can increase crop yields at a reasonable cost. The improvements in formulations and active ingredients have made it possible to protect seeds from various insects, diseases, and nematodes using a mix of insecticides, fungicides, and inoculants.
Natural disasters, including storms, landslides, flooding, and other extreme weather occurrences, may have a detrimental influence on the entire output of raw fruits and vegetables, which could hurt the growth of the worldwide seed treatment sector. Moreover, poor weather conditions are impeding the growth of demand. The germination of seeds and the decline in vigor are rising, especially in seeds like soybeans, because of the limited shelf life of treated seeds. Microbes are influenced by the composition's physical and chemical characteristics. The coated bacteria in seeds may have difficulty remaining viable, reducing their shelf life.
The seed treatment sector is anticipated to produce profitable growth opportunities for vendors due to the increased acceptability of organic agricultural practices in developing nations. The industry will benefit from a wide range of new product improvements in the next five years owing to improved seed treatment R&D operations. Manufacturers of seed treatment products are developing new variants of these chemicals that could increase crop yields both qualitatively and quantitatively.Research to find a new approach to offer sustainable fresh food with zero agrichemical inputs has been completed by Market Dynamics Vertical Future, the UK's fastest-growing next-generation vertical farming technology business. The goal of this experiment was to improve CEA yields by lowering the prevalence of pathogens in the seeds used in the process. Successful completion of the research will increase exports of CEA equipment built in the United Kingdom and result in cheaper and higher-quality crops as a result of increased efficiency and decreased losses.
Based on type, the global seed treatment market has been divided into chemical and non-chemical (biological and physical). The chemical type leads the global seed treatment market. Chemical seed treatment uses fungicides or insecticides to treat seeds and control illnesses affecting seeds and seedlings. Fungicides or insecticides are also used to protect seeds from soil-borne diseases.
Based on the application technique, the global seed treatment market is divided into dressing, coating, pelleting, and others. While the pelleting segment is anticipated to increase over the study period with the most significant CAGR, the dressing segment had the most prominent seed treatment market share. Seed-transmitted diseases such as bunt, fusarium, septoria, and loose smut are controlled by seed dressing. They are usually administered to stored seeds to prevent disease growth, which would affect the seed's capacity to germinate or the seedling's potential to develop normally.
Based on the function, the global seed treatment market is divided into seed protection and enhancement. The seed protection segment dominated the global market for seed treatment revenue. When seeds are protected, pest attacks and disease transmission are stopped before the seeds and seedlings are evenly harvested. The diseases may injure the seeds and possibly kill them before they have a chance to mature.
The global seed treatment market has been segmented by crop type as cereals & grains, oilseeds & pulses, fruits & vegetables, and others. The cereals and grains segment reported the highest market share because various insects, such as wireworms, commonly prey on cereal and grain seeds. Seed treatment enables the kernel to reach its full potential, especially during the early stages of growth. The treatment of cereal and grain seeds offers defense against fungi carried by the soil and assures consistency and stable crops.Syngenta's new canola seed pelleting technology has shown promise in reducing the frequency of missed and double- or triple-hits during planting. Pelta, a new seed pelleting technology introduced by Syngenta Canada in early May, is designed to increase singulation planter performance by optimizing seed quality. Syngenta claims in a new press release that their new canola-seeding technology will make it easier to avoid costly mistakes. Because of Pelta's coating capability, you can rest assured that every seed in the bag is the same uniform size.
Global Seed Treatment Market Share, by Region, 2021 (%)Regional Analysis
By region, the global seed treatment market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the largest market share. Asia-Pacific is projected to exhibit the highest CAGR during the review period.
North America is expected to hold the largest market share for seed treatments. The seed care sector in North America, particularly in the US, has recently seen a considerable structural transition and development.
Due to the region's rising demand for forage and fodder crops, Asia-Pacific is predicted to have the second fastest growth rate. Market growth is expected to be accelerated during the projected period (2022-2030) by the rising demand for crop protection chemicals in the Asia-Pacific region from nations such as Japan, China, and India.Based on data collected by Syngenta in August 2022, a peanut seed treatment that reliably and completely coats the seeds will help growers dramatically increase crop yield. Trebuset Peanuts, which were treated with a fungicide to prevent Aspergillus crown rot and post-emergence damping off, produced over 3,250 more plants per acre than untreated peanuts in a Georgia research conducted in 2020. More than two-thirds of the peanuts farmed in the United States come from the Southeast, thus farmers there face significant incentive to cultivate robust peanut crops with high yields. As most farmers know, choosing to employ a seed treatment like Trebuset Peanuts is more than just a preseason move. You can count on them season after season. Suppressing peanut diseases early in the season is crucial for protecting peanut roots, boosting peanut seedling vitality, and maximizing peanut yields early in the season. By sticking around in the root zone as the plant expands, Trebuset Peanuts shields young roots from harm, giving the plant a healthy start and shielding it from pathogens.
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the globe with diverse product portfolios. Companies such as BASF, Bayer, Nufarm, DuPont, and FMC Corporation dominate the global seed treatment market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.
Prominent global seed treatment market players include Bayer, Syngenta, BASF, Sumitomo Chemical Co Ltd, Nufarm, DuPont de Nemours Inc, FMC Corporation, ADAMA Agricultural Solutions Ltd, Croda International, and UPL Limited.
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Market Size and Forecast
To identify and estimate the market size for the global seed treatment market segmented by type, application technique, function, and crop type by value (in US dollars). Also, to understand the consumption/ demand created by consumers of seed treatment from 2022 to 2030.
Market Landscape and Trends
To identify and infer the drivers, restraints, opportunities, and challenges for the global seed treatment market
Market Influencing Factors
To find out the factors which are affecting the sales of seed treatment among consumers.
Impact of COVID-19
To identify and understand the various factors involved in the global seed treatment market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 9.7 Billion|
|CAGR||8.5% CAGR (2022-2030)|
|Forecast Period||2022- 2030|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application Technique, Function, and Crop Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Key Vendors||Bayer, Syngenta, BASF, Sumitomo Chemical Co Ltd, Nufarm, DuPont de Nemours Inc, FMC Corporation, ADAMA Agricultural Solutions Ltd, Croda International, and UPL Limited|
|Key Market Opportunities||Rising investment in R&D|
|Key Market Drivers||Increasing demand for higher crop yield|
The study period of the global seed treatment market is 2022 - 2030
The global seed treatment market is growing at a CAGR of 8.5% over the next ten years
Asia-Pacific is expected to register the highest CAGR during 2022 - 2030
North America held the largest share in 2021
BASF, Bayer, Nufarm, DuPont, and FMC Corporation are the major companies operating in the global seed treatment market.
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