Report ID: SQMIG15C2042
Report ID:
SQMIG15C2042 |
Region:
Global |
Published Date: September, 2024
Pages:
184
|
Tables:
59 |
Figures:
75
Drivers
Rising Food Demand from the Ever-increasing Global Population
The relentless surge in global population has led to an unprecedented increase in food demand, acting as a significant catalyst for the expansion of the biological seed treatment market. As the world’s population soared past 8 billion in 2022, the agricultural sector is under immense pressure to enhance crop yields sustainably. Biological seed treatments, which include the use of beneficial microorganisms to protect and enhance seed performance, are gaining traction as a viable solution.
Growing demand for chemical-free crops
The global biological seed treatment market is experiencing a surge in growth, primarily driven by the escalating demand for chemical-free crops. This trend is a direct response to heightened environmental concerns and the push for sustainable agricultural practices. As consumers become more aware of the impact of chemicals on the ecosystem, there’s a growing preference for bio-based products. This shift is influencing consumer choices and shaping agricultural methods, with more farmers turning towards organic farming techniques. The market’s expansion is further fueled by government policies that restrict the use of certain chemicals, thereby promoting the adoption of biological seed treatments as a safer, eco-friendly alternative. These factors collectively contribute to the market’s robust growth, reflecting a conscious move towards environmentally responsible farming.
Advancements in Seed Treatment Technologies
The protection of seeds and seedlings from soil- and seed-borne illnesses and insect pests that impact crop emergence and growth is greatly aided by seed treatment. The expansion of the market is anticipated to be driven by improvements in seed treatment technology, greater government backing, and a rise in farmer demand for high-quality seeds. Due to growing regulatory concerns around fumigation and the foliar application of pesticides, farmers are more and more seriously considering seed treatment as a way to safeguard investments made in high-quality seeds. Thus, the global sales of seed treatment chemicals are being driven by farmers' growing understanding. Moreover, seed treatment has evolved into a more cost-effective crop protection technique than standard spraying since it is more efficient and labor-intensive. Several governments are also running national campaigns and pushing legislation that would allow farmers to get pesticides, herbicides, and fungicides at a reduced cost in an effort to popularize seed treatment methods among farmers. Thus, the effectiveness of the seed treatment as well as growing government assistance will probably boost the expansion of the seed treatment market in the upcoming years. Also, the growing popularity of organic farming, the high demand for agricultural products free of chemical residues, and the efforts made by governments all over the world to promote the use of biological seed treatment are other significant factors influencing the market's growth.
The global market for seed treatments is expanding as a result of the rising popularity of hybrids and genetically modified seeds. Due to heightened regulatory concerns over fumigation and foliar pesticide use, farmers are increasingly contemplating seed treatment to safeguard investments made in high-quality seeds. The price of seeds is anticipated to rise as a result of an increase in demand for high-quality seeds with acceptable agronomic features. To preserve high-quality seeds, businesses and farmers are both willing to invest in seed treatment technology. For instance, Syngenta ran a trial program for VICTRATO, a ground-breaking seed treatment for wheat, durum, and barley that prevents crown rot. The Seedcare Institute (SCI), a global network of Syngenta facilities, provided assistance in adjusting the formulation for Australian conditions. According to Syngenta Crop Protection's Seedcare division, VICTRATO is a cutting-edge technology with a potent nematode and disease management combination for growers wishing to improve the quality and production of their crops and maintain the long-term health of their soil. It was introduced in May 2022. Also, by choosing seeds that do not require several chemical dosages, framers are attempting to reduce operating costs. Using seed treatment solutions ensures that these modified seeds are initially protected. The percentage of overall operational costs for maize that go toward seed has gone up from 30% to 34% during the previous seven years. The expansion of the seed treatment market is anticipated to be positively impacted by the rise in area under GM crops since the majority of GM seeds are more productive due to biological and chemical treatments.
Restraints
Limited Efficacy and Consistency limited Efficacy and Consistency
The Global Biological Seed Treatment Market is facing a significant challenge due to the limited efficacy and consistency of biological seed treatments across various environmental conditions and crop types. While these treatments offer an eco-friendly alternative to chemical options, their effectiveness can be unpredictable. This variability leads to inconsistent results, which can be disheartening for farmers who rely on these treatments to protect their crops. As the market continues to grow, addressing this restraint is crucial for maintaining farmer trust and ensuring the widespread adoption of biological seed treatments.
Regulatory Challenges in Biological Seed Treatment Market
The global biological seed treatment market, while poised for growth, faces significant hurdles due to government regulatory barriers. Diverse regulations across countries create a complex landscape for market players, as they must navigate varying legal requirements that can impede market expansion. For instance, the UK’s stringent conditions on emergency authorization for neonicotinoid use in sugar beet seed treatments highlight the challenges faced by the industry. These regulatory discrepancies not only restrict market growth but also demand a high level of compliance and adaptability from companies operating in this space. As a result, the market’s potential is hampered, calling for a more harmonized regulatory approach to foster industry development.
Although the industry has the potential to grow, there are some challenges, such as limited awareness and understanding, high cost, limited shelf-life, and regulatory issues. The advantages of biological seed treatments and how they affect crop yields are yet unknown to farmers and producers. The various kinds of biological seed treatments and their application techniques are not well understood or known. Also, the items used for biological seed treatments are more expensive than those used for traditional chemical seed treatments. These products are expensive, which can deter farmers from using them. Moreover, biological seed treatments have a short shelf life and need to be stored in the right circumstances. Poor agricultural yields may arise from inadequate storage, which can reduce the product's effectiveness. Also, the registration and approval procedure for items used in biological seed treatment is time-consuming and expensive. The cost of registration may be prohibitive for many businesses, which could reduce the marketability of certain products.
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Report ID: SQMIG15C2042