Market Overview
Global Seed Treatment Market is projected to register a 10.10% CAGR and reach USD 13,814.0 Million by 2025. Seed treatment can be described as the application of chemical or biological products to the seed before sowing to control or repel the fungus, pathogens, pests, or insects that attack the seeds, seedling, or crop. The growing demand for treated seeds is considered as one of the key factors driving the growth of the global Seed Treatment Industry. Additionally, the rising need for increasing crop yield using cost-effective approaches is driving market growth. However, unfavorable climatic conditions are hampering the growth of the market. The seed treatment market is likely to create lucrative growth opportunities for the vendors due to the increasing adoption of organic farming practices in emerging economies.
Key Players
Market Research Future has identified ADAMA Agricultural Solutions Ltd (China), Nufarm (Australia), Syngenta AG (Switzerland), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), DuPont de Nemours, Inc. (US), Bayer AG (Germany), FMC Corporation (US), Croda International Plc (UK), and UPL Limited (India) as the Key Players in the Global Seed Treatment Market.
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Segmental Analysis
The seed treatment market has been categorized based on type, application technique, function, crop type, and region.
By type, the global market has been segmented into chemical and non-chemical. The non-chemical segment is further divided into biological and physical. The chemical segment accounted for the larger market share in 2018, while the non-chemical segment is expected to exhibit a higher CAGR during the review period. In chemical seed treatment, fungicides or insecticides are applied to the seeds to control the diseases associated with seeds and seedlings. The fungicides or insecticides are also used to protect the seeds from the pathogens present in the soil. Moreover, it also prevents pests from eating the seeds. The non-chemical seed treatments offer more advantages over chemical seed treatment as it reduces the use of agrochemicals, further reducing the exposure of the growers to chemicals.
Regional Analysis
Geographically, the seed treatment market has been divided into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the seed treatment market, accounting for the largest share in 2018. Europe's seed treatment market accounted for the second-largest market share in 2018. Asia-Pacific is projected to register the highest CAGR of 10.54% during the forecast period.
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