CAGR: 9.2%Current Market Size: USD 2.6 BillionFastest Growing Region: APAC
Largest Market: EuropeProjection Time: 2023-2030Base Year: 2022
The global seed treatment market is expected to grow from USD 2.6 billion in 2022 to USD 5.25 billion by 2030, at a CAGR of 9.2% during the Projection period 2023-2030. The growth of the seed treatment market is mainly driven by the increase use of seed treatment therapy.
For the majority of people on the planet, farming is their main source of income. The core, basic, and essential industry in any economy is agriculture. In order to produce the required outcome, farming uses a variety of inputs. The raw materials, the land, the labor, and the capital are the production factors. The land is a finite resource, whereas the other three change depending on requirements and goals. Among many other resources, the raw material consists of seeds, agricultural machinery, fertilizers, chemicals, and water. Because they are the source of all food, seeds are crucial. They must be in good health in order to germinate into a strong, high-quality crop with the best yield and to endure the elements, insects, pests, and internal diseases. To protect them from the aforementioned dangers, seeds are therefore treated with a variety of chemicals and biologics. Chemicals are used to treat the seeds, or environmentally friendly biologics may be used instead. Seed treatment guards against soil diseases and protects seeds from the environment. It encourages germination, which results in quicker growth and allows for the optimization of scarce land resource. The modified seeds are perfect for a world dealing with the harsh weather brought on by climate change since they can resist difficult conditions. There are several uses for seed treatments; they can be used on seeds from fruits, vegetables, cereals, grains, oilseeds, etc. They are sustainable, efficient, and affordable farming practices.
Sample Request: - Global Seed Treatment Market
Market Dynamics:
Drivers:
The natural world and the environment influence traditional farming methods. For instance, the irrigation of agricultural lands in India is heavily reliant on the monsoon season. Despite advancements and the promotion of modern irrigation techniques, the majority of farmers still rely on the monsoon because they are unaware of, unable to access, or unable to afford modern farming alternatives. Extreme weather conditions and unpredictable climate patterns, however, are being brought on by climate change. If farming only uses conventional techniques, it can no longer guarantee food security. Additionally, while there is a greater demand for arable land due to the growing population, there are less resources available to feed the large population.
Restraints:
Agriculture is the backbone of every economy. In terms of food, the economy must be self-sufficient and autonomous. Before focusing on other areas of the economy, a country must secure food security. When a surplus of agricultural products is exported, they also serve as a significant source of national income. It is an instrument to improve community well-being since, in times of crisis like COVID-19, reducing poverty and providing access to food are essential. Given the importance of farming and agricultural products to the economy, they are therefore closely watched, supervised, and regulated. To safeguard this crucial business, careful consideration must be given before the commercialization of any new contemporary farming inputs or procedures.
Opportunities:
Treatments for seeds involve a lot of chemicals. However, both the customer and the environment suffer as a result of these activities. Consumer knowledge of the factors producing these changes has expanded as a result of the mounting hazards posed by climate change. Consumers are increasingly more aware of the harm that agricultural chemicals do to the environment and their health. They seek environmentally friendly and sustainable farming methods. The seed treatment business is responding to these expectations by creating seed treatments that are biodegradable, sustainable, and kind to the environment. These product breakthroughs are made possible by the current world's technological advancements. Therefore, market participants and the industry will benefit greatly from technological progress and product breakthroughs in the seed treatment market.
Challenges:
Agriculture is heavily reliant on the geographical characteristics of the land, including the weather, climate, soil type, elevation, latitude, longitude, and availability of water, among many other factors. As a result, there is no one approach to farm that will always produce the most. According to the local demands and resources, farming techniques, crops, irrigation techniques, and other practices are extremely localized. The domestic players are more significant than the main international players in the seed treatment business. Due to this market fragmentation, there is limited room for foreign companies to grow and attract new customers. Domestic competitors, as opposed to foreign ones, provide superior goods for the area at competitive costs.
Segmentation Analysis:
The global seed treatment market has been segmented based on type, crop, application, and region.
By Type
The type segment is fungicides, chemicals, insecticides, and non-chemicals. The insecticides segment led the largest share of the seed treatment market with a market share of around 39.5% in 2022. Insecticide sales have increased as a result of rising demand from Asia Pacific's expanding countries, particularly from China and India. Due to the fact that bio-based seed treatment leaves no residues in agricultural goods after usage, its use has increased over the past ten years. The method of seed treatment encourages the eradication of insects and pests from soils and seeds without leaving any dangerous chemical residue in vegetables and fruits. As the majority of consumers in this region favour agricultural products with an organic foundation, farmers in North America and Europe were among the first to use seed treatment solutions.
By Crop
The crop segment is soybean, canola, corn, wheat, and others. The corn segment led the largest share of the seed treatment market with a market share of around 56% in 2022. The increased product demand from crop protection activities might be blamed for this segment's expansion. The process of treating seeds essentially involves feeding the seeds with compounds made from biological and synthetic sources. Living organisms are used as seed treatments because they can stop the life cycle of insect pests, reducing agricultural harm in the future. Predators, parasites, disease-causing fungus, bacteria, and viruses—all of which are pests and insects' natural enemies—are used as bio-based seed treatments. In comparison to the entire seed treatment market, the global market for bio-based seed treatment is still quite tiny.
By Application
The application segment is seed pelleting, seed dressing, seed coating, and others. The seed coating segment led the largest share of the seed treatment market with a market share of around 56% in 2022. An internationally recognized and acknowledged seed treatment is seed coating. By keeping the moisture in the seed locked up, it speeds up germination. A recent development makes it possible for active chemicals to be transferred via seed coating, improving and enhancing crop quality and output. Protecting the crop is a low-cost, efficient, and sustainable farming technique. The quantity of chemicals needed throughout the cropping season is decreased by the application of seed coating. Since the food is organic, it is well-liked in the market.
Global Seed Treatment Market - Sales Analysis.
The sale of the seed treatment market expanded at a CAGR of 7% from 2016 to 2022.
Seed treatment offers the seed efficient defense against insects, diseases, and other pests. Additionally, seed treatment helps to produce healthy, high-quality seeds. As it requires less manpower and boosts overall output, it has shown to be a more affordable alternative to the conventional spraying approach. Due to their excellent efficiency, seed treatment therapies are being used more frequently in the crop production business to increase seeds' resistance to pests and insects. The seed treatment also improves the ability of the fruit and leaves to kill certain insects and pests. Both the strength of seeds and the yield of agricultural goods are increased by seed treatments.
Since seed treatment helps prevent infections and diseases spread through soil and seeds, demand for it is rising in agricultural operations. Additionally, it shortens the germination period, boosts general productivity, and raises crop production. The utilization of seed treatment activities is expanding due to growing health concerns in relation to crops and fruits and their production. The market for seed treatments around the world has been expanding as a result of this. Seed treatments are used as an efficient therapy for soil- and seed-borne diseases, the latter of which can infect a plant's roots. The market need for seed treatment has expanded as a result of the development of organic seed treatment, which leaves no dangerous chemical residues in grains and agricultural goods, and the growing awareness of the importance of high agricultural productivity.
Thus, owing to the aforementioned factors, the global seed treatment market is expected to grow at a CAGR of 9.2% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the seed treatment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe region dominated the seed treatment market and held a 38% share of the market revenue in 2022.
Global Seed Treatment Market- Country Analysis:
Germany's seed treatment market size was valued at USD 0.20 billion in 2022 and is expected to reach USD 0.41 billion by 2030, at a CAGR of 9.6% from 2023 to 2030. Due to the continuous development initiatives for fruit and vegetable and agricultural plantations in nations like Germany. A study by the European Commission estimates that the agriculture industry would generate EUR 178.4 billion in sales in 2020. ​
China’s seed treatment market size was valued at USD 0.25 billion in 2022 and is expected to reach USD 0.51 billion by 2030, at a CAGR of 9.4% from 2023 to 2030. Due to the expansion of the agricultural trend. The region's seed treatment market would expand at a faster rate during the Projection period as a result of the rising demand for higher-quality seeds. ​
India's seed treatment market size was valued at USD 0.19 billion in 2022 and is expected to reach USD 0.38 billion by 2030, at a CAGR of 9.3% from 2023 to 2030. Because it is necessary to take action to lessen environmental risks. In the upcoming years, it is also projected that the region's seed treatment industry will rise due to the overuse of pesticides. ​
Key Industry Players Analysis:
To increase their market position in the global seed treatment market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
9.2% |
Market Size |
2.6 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Type, By Crop, By Application and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Syngenta AG, Bayer, BASF, Crop Science, Monsanto, DuPont, Chemtura, and Nufarm. |
By Type |
|
By Crop |
|
By Application |
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Regional scope |
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Scope of the Report
Global Seed Treatment Market By Type:
Global Seed Treatment Market By Crop:
Global Seed Treatment Market By Application:
Global Seed Treatment Market By Region:
Global seed treatment market is expected to reach USD 2.6 billion by 2030.
The seed treatment market is projected to have a CAGR of 9.2%.
Leading market players active in the global seed treatment market are Syngenta AG, Bayer, BASF, Crop Science, Monsanto, DuPont, Chemtura, Nufarm among others.
Based on the crop, the global seed treatment market has been segmented into soybean, canola, corn, wheat, and others.
Political Factors- High political stability creates a friendly and stable business environment with predictable market growth trends. Political turmoil, however, deters investment, undermines stakeholders' confidence in the economy, and as a result, negatively impacts organisational performance. The seed treatment market is now active in a number of countries, each of which is going through its own political instability. The rise in political unrest and instability around the world may hinder the growth of the gold sector and limit the potential for the seed treatment market.
Economic Factors- Organizational performance is directly impacted by a country's economic development. Growing economies provide the market for seed treatment market a number of opportunities for growth. In a similar vein, understanding the stage of the industrial lifecycle is crucial. Entry into mature industries may be more challenging than entry into enterprises in the growth stage due to market saturation. The government of the host nation's expenditures on vital infrastructure projects also affects the financial performance of the seed treatment market. A developed infrastructure makes it easier to conduct business, which also increases the possibility for the gold sector in that country to thrive.
Social Factors- Managers of international marketing consider culture to be a crucial factor. Every culture has its own norms and values, which play a key role in dictating how individuals behave as consumers. In order to create marketing strategies that are suited for the local environment, the seed treatment market should form local alliances and teams to better grasp local perspectives and societal mores. The study of social class stratification is valued by the seed treatment marketindustry as well. To offer luxury goods at premium prices to a market where the high-end consumer is relatively small, the seed treatment market will need to adopt specialised marketing strategies. Market segmentation based on social class may also be unsuccessful in places with little social class stratification.
Technological Factors- The seed treatment market must carefully examine recent technological advancements if it is to remain competitive. It's important to keep an eye on the 5G's potential to boost productivity by enhancing user experience, speed, and access. These technical developments have the potential to radically change an industry and rewrite the rules for market actors' success. The technology's level of development and maturity in the pertinent industry must also be taken into account. The seed treatment market can increase market share by focusing on emerging technical developments and penetrating untapped markets.
Environmental Factors- The efficiency with which enterprises run can be impacted by weather and climatic fluctuations. For instance, extreme weather may increase operational expenses and drive the market for seed treatment market to modify the supply chain. These changes may have an impact on consumers' purchasing patterns as well, necessitating changes to a company's product and marketing strategies. More people are choosing to use green or eco-friendly products. The seed treatment market can embrace the opportunity and use green business practises to win over stakeholders. Due to regulatory organisations' emphasis on assuring compatibility with environmental requirements, priorities for product innovation are changing. The seed treatment market must prioritise promoting the environmental friendliness of its goods over conventional value propositions.
Legal Factors- Data protection has become a critical problem due to consumer worries about their privacy and security. The seed treatment market must investigate data protection regulations in order to protect consumer data. Laws are also in place to control costs, ensure a certain standard of quality, and protect consumers from misleading advertising claims. The seed treatment market must take into account a few factors in order to comply with consumer protection laws. Intellectual property laws protect the valuable ideas and patents of companies. The position of the seed treatment market in relation to other market participants may be weakened by losing a competitive edge as a result of failing to uphold intellectual property rights.
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