Global Seed Treatment Market

Seed Treatment is a process, which ingredients are mixed and perform a specific role in protecting the seed from a certain vulnerability or direct attack. Also, maximize the health and vigor of the seedling as it is developing. Adoption of the method as a low-cost crop protection solution, increasing demand for commercial operations, and increasing investment in modern agriculture to yield high productivity have led to the adoption of the method across the forecast period. For Instance: As per Statista in 2018, the value was estimated at 5.61 billion U.S. dollars and it is expected to rise to 8.86 billion U.S. dollars by 2023 for the seed treatment to make a hybrid. However, government regulations impede the growth of the market over the forecast period of 2021-2027. Also, the development of biodegradable seed treatment plays a vital role in the adoption & demand to increase the market growth during the forecast period.

Global Seed Treatment Market is valued at approximately USD 6.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.9 % over the forecast period 2021-2027 and is estimated to reach USD 14.06 billion by 2027.

The geographical regions considered for the seed treatment market are Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to adoption and awareness of the latest farm practices, precision agriculture. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors responsible such as rising disposable income, increasing demand for food with a rising population would create a strong affinity for Seed Treatment Market.

Major market players included in this report are Bayer AG, Syngenta ag, BASF SE, Corteva Agriscience, FMC Corporation, Adama Agricultural Solutions Ltd, Nufarm, UPL Limited, Croda International PLC, and Novozymes A/S.
The detailed segments and sub-segment of the market are explained below:
By Type: Chemical seed treatment, Non-chemical seed treatment
By Application: Seed coating, Seed dressing, Seed pelleting
By Crop type: Oilseeds, Cereals & grains, Fruits & vegetables, Other crop types

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Bizwit Research & Consulting LLP