DUBLIN--(BUSINESS WIRE)--The "Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global market for seed treatment is estimated at USD 6.1 Billion in 2022; it is projected to grow at a CAGR of 8.3% to reach USD 9.2 Billion by 2027.
The seed protection segment accounted for the highest share by function in the seed treatment market throughout the forecasted period
Seed protection chemicals such as insecticides, fungicides, insecticides, and nematicides, are largely used for the seed treatment. Seed protection is a key step in protecting agriculture crops to maximize yield with minimum crop loss. The factors such as ease of handling, and targeted pests are some of the reasons for large market share.
Among the seed protection segment, chemical insecticides and fungicides are major crop protection solutions. Various research and developments are being undertaken with respect to providing tailored solutions for the targeted purpose that are less harmful for the environment.
Seed coating segment, by application technique, is projected to be the largest segment in the seed treatment market during the forecast period
The seed coating method is used to enhance adherence to the seed using a binding agent. Key benefits associated with the seed coating application technique includes germination and seedling emergence, improved flowability and handling of seeds, and protection from plant pathogens and insects. The demand for seed coating will continue to grow during the forecast period owing to the high demand for healthy and high-yielding seeds.
The US is one of the major markets for seed coating and high-volume vegetable crops including carrot, lettuce, celery, onion, pepper, and tomato among others are coated to a significant extent. Additionally, alfalfa and tobacco are two key crops that are largely coated. Further, the emergence of controlled-release technology and its application in crop protection are widening the scope of seed coating among the manufacturers.
The cereals & grains segment, by crop type, is estimated to account for the largest market share in the global seed treatment market
Seed treatment is gaining importance among the cereals & grains growers because of its beneficial nutritional support and better harvest and returns. Cereals & grains have a wide range of applications in food, feed, and industrial applications. Corn is one of the widely used crops for feed as well as industrial applications, which is increasing the usage of seed treatment in corns.
The demand for cereals & grains is witnessing a surge due to their rising use as feed for swine and poultry. Moreover, the industrial application and use of cereals and grains in conventional technologies are substantially increasing in developed countries, further propelling the use of seed treatment in cereals and grains.
Chemical seed treatment segment, by type, is projected to be the largest segment in the seed treatment market during the forecast period
Chemical seed treatment accounted for 80.6% of the seed treatment market share in 2021. Chemical seed treatment is largely used in seed treatments across the globe. Most of the chemical seed treatment uses a combination of active ingredients to offer excellent solutions. Protection against seed rots and other diseases during storage can be managed using chemical seed treatment. Most of the key players in the seed treatment industry offer a broad spectrum of chemical seed treatment products for a wide range of crops.
Market Dynamics
Drivers
- Demand for a Low-Cost Crop Protection Solution
- Higher Pursuit of Insurance to Seed Investments
- Reduced Risk of Exceeding Mrls
- Need for Soil Replenishment Caused by Limited Crop Rotation Practices
- Seed Coating Witnesses a High Demand for Commercial Operations
Restraints
- Lower Margins for Key Industrial Crops
- Varying Government Regulations
- Existing Ban on Neonicotinoids
- Limited Shelf Life of the Treated Seeds
Opportunities
- Innovative Combination of Products
- Increased Application in High-Value Crops
- Development of Biodegradable Seed Treatment to Protect Biodiversity
Challenges
- Higher Resistance to Crop Protection Products
- Unorganized New Entrants with a Low Profit-To-Cost Ratio
Companies Mentioned
- Adama Ltd.
- Agrauxine
- Basf
- Bayer Ag
- Bioworks Inc.
- Certis Europe
- Corteva Agriscience
- Croda International plc
- Eastman Chemicals Ltd.
- H&T
- Hello Nature!
- Koppert
- Marrone Bio Innovations, Inc.
- Novozymes A/S
- Nufarm
- Plant Health Care
- Rallis India Limited
- Rizobacter
- Solvay
- Sumitomo Chemical
- Syngenta
- Tagros Chemicals India Pvt. Ltd.
- Upl Ltd.
- Verdesian Life Sciences
For more information about this report visit https://www.researchandmarkets.com/r/ekgr6o
