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Seed Treatment Market to Garner USD 26.01 Billion by 2029; Escalating Need to Increase Crop Yield to Drive the Market Growth

November 17, 2022 | Agriculture

The global seed treatment market size stood at USD 10.15 billion in 2021. The market value is slated to rise from USD 11.32 billion in 2022 to USD 26.01 billion by 2029 at a CAGR of 12.62% during 2022-2029. Fortune Business Insights™ presents this information in its report titled “Seed Treatment Market Size, Share & COVID-19 Impact Analysis, By Type (Synthetic Chemicals, Biologicals), By Function (Seed Protection, Seed Enhancement), By Application Technique (Seed Coating, Seed Dressing, Seed Pelleting), By Stage of Seed (On-Farm, Off-Farm), By Crop Type (Cereals, Oilseeds, Fruits and Vegetables, and Others), and Regional Forecast, 2022-2029”.


COVID-19 Outbreak Disrupts the Raw Material Supply Chain, Slowing Growth


The COVID-19 pandemic had a devastating effect on the global economy. Labor shortages for agricultural industries were a problem in many nations, especially those with periods of peak seasonal labor demand or labor-intensive output. These countries also experienced restrictions on cross-border movement of people and lockdowns. Technology integration in the agricultural industry has been viewed as having positive potential. By switching to machine-made mixing instead of traditional ways, manufacturers can make goods for their customers more profitably and efficiently.


UPL Ltd Launched a Technology-driven Seed Treatment Solution


In October 2021, UPL Ltd., a global provider of sustainable agriculture products and solutions, introduced the technology-driven seed treatment solution Electron 3-WM (3 Way Mix). The product is cost-effective since it lessens the requirement for foliar sprays throughout the early stages of the plant cycle, which lowers the production cost.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156


Product Launches are at the Core of Syngenta AG's Portfolio Expansion


Syngenta AG offers its goods all over the world and has a sizable clientele. To increase its market position, the company is concentrating on developing new products and broadening its customer base. For example, Vayantis fungicide, a new corn seed treatment product, was unveiled by Syngenta in March 2021. The product's main ingredient, picarbutrazox, is a fungicide created to guard seedlings against diseases such as damping-off and key blight. By launching this new solution, farmers will be able to combat pythium and boost crop production, eventually boosting the seed treatment market growth.


Notable Industry Development-



  • August 2022: BASF and Poncho Votivo announced a partnership with the Field of Dreams Movie Site, a well-known American cornfield. Poncho Votivo produces improved yields due to its powerful nematode defense and broad-spectrum pest control.


List of Key Market Players:



  • Syngenta AG (Switzerland)

  • BASF SE (Germany)

  • Bayer AG (Germany)

  • UPL ltd. (India)

  • Corteva Agriscience (U.S.)

  • NuFarm Ltd. (Australia)

  • FMC Corporation (U.S.)

  • Sumitomo Chemical Co. Ltd. (Japan)

  • Croda Int. PLC (U.K.)

  • Germain's Seed Technology, Inc. (U.S.)


Further Report Findings-


The global seed treatment market share belongs to North America, which was valued at USD 3.56 billion in 2021. Favorable agro-economic conditions, uniformity in terms of intensification level and farmer profile, and a wide variety of agro-climatic zones and crops are the main driving forces behind it. The markets in the U.S. and Canada are attempting to deal with the growing problem of maximizing natural resources and controlling rising labor costs. Due to their high yield and low pesticide use, treated seeds are well-positioned to assist in attempts to solve the difficulties described earlier.


Table of Segmentation


























































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD billion)



By Type




  • Synthetic Chemicals

  • Biologicals



By Function




  • Seed Protection

  • Seed Enhancement



By Application Technique




  • Seed Dressing

  • Seed Coating

  • Seed Pelleting



By Stage of Seed




  • On-farm

  • Off-Farm



By Crop Type




  • Cereals

  • Oilseeds

  • Fruits & Vegetables

  • Others



By Geography




  • North America (By Type, Function, Application Technique, Stage of Seed, Crop Type, and Country)

    • U.S. (By Type)

    • Canada (By Type)

    • Mexico (By Type)



  • Europe (By Type, Function, Application Technique, Stage of Seed, Crop Type, and Country)

    • Germany (By Type)

    • France (By Type)

    • Italy (By Type)

    • Spain (By Type)

    • U.K. (By Type)

    • Rest of Europe (By Type)



  • Asia Pacific (By Type, Function, Application Technique, Stage of Seed, Crop Type, and Country)

    • China (By Type)

    • India (By Type)

    • Japan (By Type)

    • Australia (By Type)

    • Rest of Asia Pacific (By Type)



  • South America (By Type, Function, Application Technique, Stage of Seed, Crop Type, and Country)

    • Brazil (By Type)

    • Argentina (By Type)

    • Rest of South America (By Type)



  • Middle East and Africa (By Type, Function, Application Technique, Stage of Seed, Crop Type, and Country)

    • Egypt (By Type)

    • South Africa (By Type)

    • Rest of ME&A (By Type)




Seed Treatment Market
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  • 2021
  • 2018-2020
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