What is the global market size of Seed Treatment Market?

Global Seed Treatment Market size was valued at USD 10.73 billion in 2021 and is poised to grow from USD 13.4 billion in 2022 to USD 26.84 billion by 2030, growing at a CAGR of 9.46% in the forecast period (2023-2030).

Seed Treatment Market Size, Share, Growth Analysis, By Type(Insecticides, Fungicides, Chemicals and Non-chemicals), By Crop(Corn, Soybean, Wheat, Canola and Others), By Function(Seed Protection and Seed Enhancement), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15C2028 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 89 | Figures: 76

Seed Treatment Market Regional Insights

The industry was dominated by Asia Pacific in 2022, and generated more than 32.0% of the overall revenue. The region is anticipated to continue growing at a steady Rate and maintain its dominance during the forecast period. The region's prosperity is linked to increased agricultural activity and high crop demand from major nations like the United States and European nations.

The major driver of market expansion in Europe is the product's use in plantations, which is facilitated by ongoing agricultural and fruit and vegetable plantation development initiatives in countries like Germany, France, the United Kingdom, and Italy. In a study by the European Commission, the agriculture sector would generate EUR 178.4 billion in sales in 2021.

Asia Pacific, on the other hand, is anticipated to grow at the fastest rate during the anticipated years. The area had the second-largest revenue share across the board in 2022. Over the next few years, it's projected that organic farming techniques will significantly increase in the Asia-Pacific region. This is a result of the growing demand for agricultural products made of biomaterials, which is expected to promote the expansion of markets during the projection period.

Seed Treatment Market Report Snapshots

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Global Seed Treatment Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.7 billion in 2023 to USD 12.4 billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).

The seed treatment industry is highly competitive in nature as a result of the large variety of global players involved. To increase their revenue, these companies are eager to expand into new markets. In an effort to keep up with the increasing consumer appetite for their goods, major manufacturers engage in a variety of operations like mergers and acquisitions, joint ventures, and growth activities. By these initiatives, companies also seek out additional potential customers whilst keeping the least potential distribution costs. 'Syngenta AG', 'Bayer AG', 'BASF SE', 'DowDuPont Inc.', 'FMC Corporation', 'Nufarm Limited', 'Monsanto Company', 'Platform Specialty Products Corporation', 'Sumitomo Chemical Co., Ltd.', 'UPL Limited', 'Adama Agricultural Solutions Ltd.', 'Arysta LifeScience Corporation', 'Corteva Agriscience', 'Germains Seed Technology', 'INCOTEC Group BV', 'International Seed Group Inc.', 'Morflora', 'Precision Laboratories, LLC', 'Valent BioSciences LLC', 'Verdesian Life Sciences'

Seed treatment provides a more affordable alternative to a number of other crop security mechanisms and is expected to significantly expand the global seed treatment industry. The need for healthy saplings from each and every seed and high yields, as well as the growing demand for high-efficiency seed chemicals, are the industry's driving forces. Demand is also growing as a result of the increased demand for techniques that can boost crop yields at an attractive cost.

The global market for seed treatments is growing as a consequence of the increasing popularity of hybrids and genetically modified seeds. Due to heightened regulatory concerns over fumigation and foliar pesticide use, farmers are increasingly considering seed treatment to protect investments made in high-quality seeds.

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Seed Treatment Market Size, Share, Growth Analysis, By Type(Insecticides, Fungicides, Chemicals and Non-chemicals), By Crop(Corn, Soybean, Wheat, Canola and Others), By Function(Seed Protection and Seed Enhancement), By Region - Industry Forecast 2024-2031

Seed Treatment Market Regional Insights

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