The seed treatment market is the agricultural practise of treating seeds with various chemicals, biologicals, or physical agents before planting to improve their performance and protect them from diseases and pests. The treatment is typically applied to the surfaces of the seeds or embedded in the seed coating or hull. Seed treatment aims to improve seed germination, plant growth, and yield, resulting in more productive and environmentally friendly agriculture. Seed treatments may also reduce the need for other types of chemical applications, resulting in fewer environmental consequences and lower farmer costs. Companies that manufacture and sell seed treatment products such as fungicides, insecticides, herbicides, and micronutrients, as well as seed treatment equipment and services, make up the seed treatment market.
The key factors propelling the growth of the seed treatment market are the growing demand for low-cost crop protection solutions, the need to increase crop yield and quality, the need to maintain the minimum residue limit in food products, advancements in seed treatment equipment, the rising costs of high-quality seeds like hybrid and GM seeds, the advantages of seed treatment, and the rapidly declining agricultural land. Also, this market is predicted to have considerable potential due to the growing emphasis on integrated pest management, the adoption of biological seed treatment, and the advent of biodegradable seed coatings. Farmers are now required to protect these novel traits in order to ensure proper germination and crop productivity due to newly introduced varieties' embedded innovative traits and the dramatic recent increase trend in product prices. The traditional way of applying synthetic pesticides through the process of foliar treatment has helped to reduce the number of pests, insects, and illnesses.
Moreover, the COVID-19 pandemic resulted in limits on workers' freedom of movement, a drop in farmer demand, and the closure of seed manufacturing facilities. Production was hampered by the industry's chronic labour shortages brought on by frequent lockdowns. The profitability of seed treatment manufacturers and vendors was influenced by the fall in sales during the first quarter of Pandemic as well as declines in demand from significant markets. China, one of the world's main producers of raw materials for the agricultural crop protection business, was where the COVID-19 pandemic's effects on this market were first seen at the beginning of Pandemic. Global lockdowns brought on by the COVID-19 epidemic have never been seen before, causing disruption to day-to-day business operations and altering consumer behaviour across practically all sectors. Fortunately, due mostly to transportation limitations, it had little effect on the need for seed care, benefiting the global market for seed treatment. There are no restrictions or other government interference with any kind of agricultural business.
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 such as; ADAMA Agricultural Solutions Ltd, BASF SE, Bayer AG, Croda International Plc., DuPont de Nemours Inc., FMC Corporation, Nufarm, Sumitomo Chemicals Co. Ltd, Syngenta Ag, UPL Limited
Global Seed Treatment Market Segmentation:
By Type: Based on the Type, Global Seed Treatment Market is segmented as; Chemical, Non-Chemical
By Application Technique: Based on the Application Technique, Global Seed Treatment Market is segmented as; Dressing, Coating, Pelleting, Others
By Function: Based on the Function Global Seed Treatment Market is segmented as; Seed Protection, Seed Enhancement.
By Crop Type: Based on the Crop Type Global Seed Treatment Market is segmented as; Cereals & Grains, Oilseed & Pulses, Fruits & Pulses, Others
By Region: Geographically, North America is anticipated to hold the greatest market share for seed treatments in previous year. The significant market share held by North America is linked to the region's expanding domestic and international markets for high-yielding, disease-tolerant crops. Additionally, elements like a well-organized supply chain for crop protection chemicals, the accessibility of water and land, entrepreneurial farmers, rising awareness of environmentally friendly crop production methods, and the presence of numerous stakeholders all contribute to the expansion of this market in the area.
Additionally, changing climatic conditions, flexibility in sowing techniques, increased pressure from regulatory requirements, and advancing agronomic trends—which include the development of high-quality seeds through the enhanced potential offered by genetically modified organisms (GMOs)—support the growth of this regional market. Nonetheless, during the anticipated period, the East Asian market is anticipated to increase at the highest rate. This regional market is expanding as a result of factors like expanding farm sizes, rising consumer demand for high-yield crop goods, rising organic crop production in the region, particularly in China & Japan, and expanding government & organisation assistance for improving crop cultivation.
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.