Market Dynamics:
In comparison to other crop protection methods, seed treatment is a cost-effective alternative that is predicted to drive the global Seed Treatment Market. The industry is spurred by rising demand for high-efficiency seed chemicals and the desire to convert every seed into a viable seedling and maximise output. Additionally, the increased desire to increase crop yields through cost-effective methods is fueling demand growth. Additionally, innovations in formulations and active ingredients have benefited in the care of seeds by providing a broad variety of insect, disease, and nematode defences through the use of insecticides, fungicides, and inoculants.
Seed Treatment Market Overview:
Global Seed Treatment Market Size is projected to register an 8.5% CAGR and reach USD 9.7 Billion by 2030.
The increased acceptability of organic agricultural practises in developing nations is likely to provide profitable growth opportunities for vendors in the seed treatment business. Numerous new product developments will be able to reach the industry in the next five years with an improvement in seed treatment RD operations. Manufacturers of seed treatment products are developing fresh formulations of these products that may have a significant positive effect on crop yields, both qualitatively and statistically.
Natural hazards, such as storms, landslides, flooding, and other extreme weather events, may have a detrimental effect on the worldwide seed treatment industry's development.
The COVID-19 pandemic had a modest influence on seed care need, owing mostly to transportation constraints. The government has exempted all agricultural operations from the implication of lockdowns or disturbances, although the corona outbreak has had no such effect. Indeed, as a result of farmers' panic buying, agrochemical companies have posted double-digit gains year over year. Businesses maintained enough stocks, allowing farmers to purchase seed treatment goods as needed.
Regional Overview:
North America dominated the seed treatment market in 2022. In 2022, the area held a market share of 30.17 percent. The seed care sector in North America, and particularly in the United States, has seen a considerable structural upheaval and revolution in recent years.
However, Asia-Pacific is expected to grow at the fastest rate of 10.54 percent during the forecast period. China and India are the area's main country-level markets, contributing to its expansion.
Rice consumption will also expand in the Middle East and Africa, where rice is gaining prominence as a worldwide food staple and calorie source. The market situation for grains has been characterised by a supply glut and weak demand growth. However, this sector's growth is being driven by increased yields and increased use in food-related applications. This is expected to fuel market growth in this region.
Competitive Dynamics:
The global Key Seed Treatment Market Players are Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), Nufarm (Australia), DuPont de Nemours, Inc. (US), FMC Corporation (US), ADAMA Agricultural Solutions Ltd (China), Croda International Plc (UK), and UPL Limited (India).
Segmental Analysis:
Chemicals dominated the global Seed Treatment Market Overview by type in 2022.
By Application Technique, the pelleting segment is predicted to increase at the fastest rate throughout the forecast period. In 2022, the dressing category captured the biggest market share, while the pelleting sector is expected to grow at the fastest CAGR throughout the study period.
According to function, the seed protection segment captured a greater revenue share of the worldwide seed treatment market in 2022.
By Crop Type, the cereals grains segment led the market in 2022 and is likely to continue dominating the market during the forecast period.
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