Seed treatment is the most effective method in the agriculture industry. It aims to reduce or eliminate the probability of disease development from seed-borne or soil-borne pathogenic organisms and storage insects. Seed treatment includes the usage of both products & specific processes that can enhance the environment for the seed, seedlings, and young plants.
The “Global Seed Treatment Market” is likely to grow at a CAGR of around 13% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market growth primarily attributes to the rising awareness about the seed treatment products among farmers, distinctive innovations, and subsidies provided by the governments. Additionally, surging demand for high-yielding crops across the globe clubbed with the rising awareness about using seed treatment products further accelerates the growth of the Global Seed Treatment Market.
The research report, “Global Seed Treatment Market Analysis, 2021,” depicts a deep-dive market analysis of market statistics, including regional & country-wise market size, market forecast, CAGR & market share of market segmentation, competitive benchmarking, and key market drivers & restraints.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 13% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain | |
| Asia-Pacific: China, India, Japan, Thailand, Indonesia, Rest of APAC | |
| South America: Brazil, and Argentina | |
| Middle East & Africa: South Africa, Nigeria, Kenya, Rest of MEA | |
| Key Companies Profiled | Bayer, Syngenta Ag, BASF Se, Fmc Corporation, Nufarm, Adama Agricultural Solutions Ltd., UPL Limited, Novozymes A/S, Eastman Chemicals Ltd, Plant Health Care, Corteva Agriscience, Germains Seed Technology, Precision Laboratories, Llc, Valent USA, Rhizobacter Argentina S.A., Globachem, Bioworks, Certis Europe, Verdesian Lifesciences |
| Unit Denominations | USD Million/Billion |
Global Seed Treatment Market Have Not Been Significantly Affected by COVID-19 Outbreak
The outbreak of the COVID-19 pandemic has partially impacted the overall agriculture industry. The imposition of lockdown & stringent restrictions to reduce the COVID-19 infection has affected the transportation sector, which has further crippled the seed treatment industry.
Also, agricultural chemicals & fertilizers, which are majorly import-dependent, witnessed supply chain disruptions. However, the agricultural chemicals industry has witnessed a surge in its sale due to panic buying behavior. Companies with proper inventories enabled farmers to purchase seed treatment products as per their requirements.
Market Segmentation
Grains & Cereals Dominated the Global Seed Treatment Market
In Global Seed Treatment Market, the Grains & Cereals segment generated the highest revenue in the previous few years, when segmented based on Crop Type. It is due to the extensive demand for crops like wheat, barley, corn, among others. Seed treatment plays a crucial role in preventing anthrax diseases, such as decay and bare smut in the prime crops like cereals (corn, barley, etc.) and fodder plants (alfalfa, clover, rapeseed, etc.). Further, seed treatments can also enhance early crop growth. It also helps in protecting grains & cereals from soil-borne fungi and ensures the consistency of crops. Hence, these factors lead to aiding the overall segment growth, cites MarkNtel Advisors in their research report, “Global Seed Treatment Market Analysis, 2021.”
Fungicide Accounted for the Significant Share of Global Seed Treatment Market
Based on the Application, the market divides into Fungicide and Insecticide. Of both, the Fungicide application acquired the largest share of the Global Seed Treatment Market in the previous few years. The segment growth owes to the ease of using fungicides, which can be applied as spray or dust to the seed furrow or row soil during crop growth to control some fungal stem & root rots.
It helps increase productivity, provides higher yields, and higher returns on investment. Additionally, the surging research and development activities around different forms of fungicides have also led to their increasing use globally. For instance: in 2019, BASF SE introduced Revysol-based products for multiple markets. They offer excellent biological performance in controlling pathogens while meeting the highest regulatory standards.
Regional Landscape
North America Attained Rapid Growth in the Global Seed Treatment Market
Globally, North America experienced modest growth in the Seed Treatment Market during the historical period 2016-2019. It primarily owes to the burgeoning awareness regarding specialty crops, which has led to the production of more vegetables under protected cultivation. Further, technology up-gradation, management, and sustainability of fertilizers, including the adoption of polymer coating, have contributed to the growth of seed treatment products in countries like Mexico, Canada, and the US.
Market Driver
Burgeoning Demand for Improved Crop Yield to Boost the Market Growth
Seed treatment is one of the most cost-effective solutions, among other approaches. Besides, the burgeoning demand for high-efficiency seed chemicals to achieve high crop yield and the need to convert every seed into a viable seedling are other critical aspects contributing to the market growth. Additionally, advances in formulations & additives enhancing seed care further accelerate the demand for seed treatment.
Market Challenge
Short Shelf Life of Treated Seeds to Impede the Market Growth
Seed treatment protects the seed from insect attacks. However, the protection is for a short duration since the seed treatment delays or eliminates the chances of seed damage. Moreover, the limited shelf life of treated seeds results in their germination and reducing their strength. The maintenance of coated microbes present in seeds can be challenging, hence shortens their shelf life.
Competitive Landscape
According to MarkNtel Advisors, the leading players in the Global Seed Treatment Market are Bayer, Syngenta Ag, BASF Se, Fmc Corporation, Nufarm, Adama Agricultural Solutions Ltd., UPL Limited, Novozymes A/S, Eastman Chemicals Ltd, Plant Health Care, Corteva Agriscience, Germains Seed Technology, Precision Laboratories, Llc, Valent USA, Rhizobacter Argentina S.A., Globachem, Bioworks, Certis Europe, Verdesian Lifesciences.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The Global Seed Treatment Market is forecast to grow at a CAGR of 13% during 2021-26.
A. Bayer, Syngenta Ag, BASF Se, Fmc Corporation, Nufarm, Adama Agricultural Solutions Ltd., UPL Limited, Novozymes A/S, Eastman Chemicals Ltd, Plant Health Care, Corteva Agriscience, Germains Seed Technology, Precision Laboratories, Llc, Valent USA, Rhizobacter Argentina S.A., Globachem, Bioworks, Certis Europe, Verdesian Lifesciences are a few of the leading players in the Global Seed Treatment Market.
A. Grains & Cereals are likely to attain the highest CAGR and maintain their significant market share during the forecast period.
A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Seed Treatment Market.
A. The rising awareness about the seed treatment products among farmers, distinctive innovations, subsidies provided by the governments, and the surging demand for high-yielding crops are the major factors fueling the market growth.
A. The outbreak of the COVID-19 pandemic has partially affected the Global Seed Treatment Market.
