Seed treatments are utilized as an effective remedy against both seed-borne and soil-based diseases; soil-borne diseases can infest the roots of plants. The development of organic seed treatment eliminates hazardous chemical residues in grains and agricultural products, and growing awareness of high agricultural yield has increased market demand for treatment of seeds. The market for seed treatments is composed of genetically modified (GM) crop seeds and crop protection chemicals, or agrochemicals. In this specific segment, crop protection chemicals have the largest market share in terms of both market share and product innovations. Chemical fungicides, chemical insecticides, bio-control seed treatments, and other chemical seed treatments are some of the subcategories that make up the seed treatment market.
Asia-Pacific Seed Treatment Market Driving Factors and Challenges
Drivers: Several key factors are driving the robust growth of the seed treatment market. For starters, the growing global population and subsequent rise in food demand have heightened the need for increased crop yield and productivity. Seed treatment, which includes the use of various technologies such as seed coating, priming, and pelleting, is critical for optimizing seed performance, increasing germination rates, and protecting against pests and diseases. Second, the growing awareness and adoption of sustainable agricultural practices has increased demand for seed treatments, which contribute to lower chemical usage and environmental impact.
Challenges: A number of challenges affect the seed treatment market's dynamics and growth potential. One significant challenge is the increasing stringency of the regulations governing the use of chemical seed treatment. As environmental and health concerns become more widespread, regulations are tightening their restrictions on the types and concentrations of chemicals that can be applied to seeds. This presents a challenge for the introduction of new seed treatment products and necessitates ongoing innovation in the development of environmentally friendly and sustainable solutions.
Impact of COVID-19 on Asia-Pacific Seed Treatment Market
The COVID-19 pandemic had a negative impact on the region's seed treatment industry because it disrupted the supply chain due to various limitations implemented by local authorities. In a survey conducted by the Asia-Pacific Seed Association (APSA) and the World Vegetable Center, more than 85% of respondents said that the COVID-19 pandemic had a negative effect on both domestic and international seed shipments.
Asia-Pacific Seed Treatment Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; ADAMA Agricultural Solutions Ltd, Advanced Biological Marketing Inc., BASF SE, Bayer CropScience AG, DuPont de Nemours Inc., FMC Corporation, INCOTEC Group BV, Monsanto Company, Nufarm Limited, Rallis India Limited, Sumitomo Chemical Co. Ltd, Others.
Asia-Pacific Seed Treatment Market Segmentation:
By Application: Based on the Application, Asia-Pacific Seed Treatment Market is segmented as; Insecticide, Fungicide, Others.
By Crop Type: Based on the Crop Type, Asia-Pacific Seed Treatment Market is segmented as; Corn/Maize, Soybean, Wheat, Rice, Canola, Cotton, Others.
By Region: This research also includes data for China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Vietnam, Philippines, Singapore, Rest of Asia-Pacific.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.