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 News

In July 2022, for maize and canola crops, Corteva Agriscience has introduced two new seed treatment packages containing a variety of new products that will aid growers in broad-spectrum pest and disease control.

In May 2022, Victrato is a new seed treatment product from Syngenta Seedcare that improves the quality and production of various crops, including soybeans, corn, cereals, cotton, and rice. Victrato targets nematodes and significant soil-borne fungal diseases.

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.

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.

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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

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