Seed Treatment Market Strategies, Strong Investment Worth Research by Forecast from 2019-2023
Seed treatments are done to save crops from a variety of pests and to ensure uniform stand establishment, and to eradicate seed-borne pathogens. Seed treatment are generally used for treating crops such as sunflower, cotton, soybean, barley, rice, wheat, corn and others. It offers a plethora of advantages such as improves germination and prevent seed rotting and plant diseases.
The global seed treatment market is poised to experience a significant growth at a stellar CAGR during the forecast period (2018-2023). Seed treatment simply put is applying insecticide, fungicide or both. It is used for disinfecting and disinfesting seeds from seed or soil borne pathogenic organisms and also storage insects. 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.
Some of these factors as per the Market Research Future (MRFR) report include increasing demand for crop protection solution that has low cost, precise targeted application and its impact to attain sustainable agriculture, eco-friendly seed treatment techniques, supportive government policies and regulations, fast-paced urbanization and industrialization, unfavorable soil conditions that leads to damaged seeds and undesirable growth of fungi spores, requirement to conserve indigenous and traditional breeds in some regions, demand for superior quality vegetables and food grain, demand for organic consumables amid health conscious consumers, enhanced crop yield, low cost and soaring price of seeds that are genetically modified.
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Some of the manufacturers operating in the global seed treatment market are
- BASF SE (Germany),
- DowDuPont (U.S.),
- FMC (U.S.),
- Bayer (Germany),
- Monsanto (U.S.),
- Syngenta (Switzerland),
- Sumitomo Chemical (Japan),
- Arysta LifeScience (U.S.),
- INCOTEC (Netherlands),
- Nufarm (Australia),
- UPL (India),
- Germains (U.K)
Seed Treatment Market Segmentation:
The global seed treatment market is segmented on the basis of the types, application, active ingredients, methods, and region.
On the basis of the type, the global seed treatment market is segmented into seed disinfection, seed disinfestation, and seed protection.
Based on the application, the market is segmented into seed dressing, seed coating, and seed pelleting.
On the basis of active ingredients, the market is segmented as insecticides, fungicides, bactericides, and others.
By the method, the market is segmented into physical seed treatment, chemical treatment, biological treatment, hot water treatment, dry heat treatment, and others.
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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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