Seed Treatment Market Analysis by Trends, Size, Share, Demand and Global Forecast 2023

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Seed Treatment Market Applications:

Among the applications used for seed treatment, seed dressing is the most commonly used procedure due to the low cost and ease of application. These dressings can be applied both at farm and industries. In seed dressing, pesticides can be mixed with seeds or sprinkled over them. The mixing can be done by using low-cost earthen pots, or they can be spread on a polyethylene sheet, and pesticides can be sprinkled over the seed lot. Seed coating requires advanced treatment technology and is therefore carried out at the industry where a special binder is used with a formulation to enhance adherence of the seed. Seed pelleting is the most expensive application and requires specialized machinery and techniques, which are used to change the physical shape of the seed to enhance palatability and handling.

The application of fungicide, insecticide, or a combination of both for seed treatment provides the advantages of prevention of plant diseases, seed rooting, and improved germination. Market Research Future (MRFR) has deemed the growth of the global seed treatment market to be healthy and exhibit positive growth trend over the forecast period of 2018-2023.

Top Competitors:

  • Bayer (Germany),
  • Monsanto (U.S.),
  • Syngenta (Switzerland),
  • BASF SE (Germany),
  • DowDuPont (U.S.),
  • FMC (U.S.),
  • Sumitomo Chemical (Japan),
  • Arysta LifeScience (U.S.),
  • INCOTEC (Netherlands),
  • Nufarm (Australia),
  • UPL (India), 
  • Germains (U.K)

Market Analysis:

Seed treatments are done to save crops from a variety of pests and to ensure uniform stand establishment, and to eradicate seed-borne pathogens. Different types of seed treatment include seed disinfection, seed disinfestation, and seed protection. Disinfection is the eradication of fungal spores that grow within the seed coat, and the fungicidal treatment must be penetrated deep into the seed to the kill the fungus. Seed disinfestation refers to the destruction of surface-borne organisms that contaminate the seed surface but not infect it. Chemical dips, soaks, and fungicides applied as dust or slurry are some of the successful ways used for seed disinfestation. Seed protection is used for protection of seeds and the young seedling from organisms in the soil that may decay the seed even before germination.

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Segmentation

The global seed treatment market has been segmented based on type, application, active ingredients, and methods.

By type, the global seed treatment market has been segmented into seed disinfection, seed disinfestation, and seed protection.

By application, the global seed treatment market has been segmented into seed dressing, seed coating, and seed pelleting.

By active ingredients, the global seed treatment market has been segmented into insecticides, fungicides, bactericides, and others.

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Geographical Outlook:

Asia Pacific dominated the global seed treatment market in 2017 owing to growing demand from the agricultural sector in the region. Agriculture is the major occupation in the region coupled with the lack of cultivable land due to rapid urbanization is driving the demand for seed treatment. Furthermore, the growing demand for better quality food is another driver of the market growth. China is one of the leading agricultural producers and intends to be 95% self-sufficient on the domestic agricultural production of wheat, rice, and cereals. India is a major global producer of food and dairy products and exporter, particularly of rice, coarse grains, vegetables, fruits, and aquaculture. According to Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), the wheat imports in India is expected to increase and reach USD 1.5 billion export market of Australia by 2050 considering the development in agriculture industry coupled with growing awareness about the benefits of wheat consumption.

Moreover, ABARES also predicted that the value of Australian agricultural production exceeded USD 60 billion in 2016-2017. Government initiatives such as ‘Agricultural Competitiveness White Paper’ in Australia is likely to fuel the market growth further. Other countries such as Malaysia, Vietnam, and Indonesia are experiencing significant growth in the agricultural sector, which is likely to fuel the market growth during the assessment period. The Organization for Economic Co-operation and Development predicts an economic slowdown of agricultural production in Asia due to the high food insecurity, which is likely to drive the demand for seed treatment.

North America accounted for the second largest market. It is the major producer of barley, corn, cotton, oats, peanuts, rice sorghum, soybeans, and wheat in the region. These crops require seed treatment and their excessive production drives the regional market during the forecast period. The European market is expected to witness significant growth owing to the rising demand for organic and healthy food products in the region. The demand for seed treatment in Latin America is increasing to meet the domestic food needs and to maintain the competitiveness as the region is one of the major exporters of food and agricultural commodities.

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