Market Synopsis
According to the research conducted at Market Research Future Reports (MRFR), the global seed treatment market is estimated to record a CAGR of 10.10%, acquiring the market value of about USD 13, 814.0 million by the end of 2025. The increasing demand for growing the crop yield using a pocket-friendly method is estimated to be the most important factor driving the global seed treatment market 2020. The demand for treated seeds is projected to be one of the crucial factors propelling the global seed treatment market. The concern regarding the protection of crop, crop yield, and productivity has considerably affected the global market.
Moreover, attributes such as providing efficient crop formation, protection against seed and soil-borne diseases at a cheaper cost is likely to fuel the global market. The expenses of crop protection can be monitored. Therefore, seed treatment is gaining momentum. The seed treatment market is estimated to create a conducive environment for opportunities for expansion for the vendors due to the rising adoption of organic farming practices in developing countries.
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However, natural disasters like floods, landslides, and any adverse situation in weather can hamper the overall production of raw fruits and vegetables, which affects the global market for seed treatment.
Key Players
The established players of the Global Biological Seed Treatment Market are Bayer AG (Germany), Nufarm (Australia), Sumitomo Chemical Co., Ltd (Japan), BASF SE (Germany), DuPont de Nemours, Inc. (US), Syngenta AG (Switzerland), ADAMA Agricultural Solutions Ltd (China), FMC Corporation (US), Croda International Plc (UK), and UPL Limited (India).
Market Segmentation
Global Seed Treatment Market can be classified based on application technique, type, function, and region. On the basis of application technique, the global market for seed treatment can be divided into dressing, coating, pelleting, and others On the basis of type, the worldwide market for seed treatment can be divided into chemical and non-chemical. On the basis of function, the global market for seed treatment can be divided into seed protection and seed enhancement. On the basis of region, the global market for seed treatment can be segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
The global market for seed treatment is estimated to rise significantly during the assessment period. On the basis of region, the global market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). As per the study by MRFR, the global market is estimated to be dominated by North America. North America acquired the largest market share in 2020 and is likely to retain its position during the forecast period. In North America, the US has witnessed a substantial structural change and transition in the past few years. On the other hand, the APAC region is estimated to expand at the highest CAGR during the review period from 2019 to 2025.
In the APAC region, China and India are likely to make the most valuable contribution in the region. Besides, the region is witnessing a surge in the population, which has resulted in increased initiatives by the government to support the government to increase the production of grains, vegetables, and fruits. Further, the presence of established key players is fueling the regional biological seed market. Also, various companies are investing in biological products, which additionally fuels the market. On the other hand, Europe and RoW are estimated to expand substantially due to the increasing initiatives and investment by the government in agricultural research.
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