Seed Treatment Market worth $9.2 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, May 3, 2022 /PRNewswire/ -- According to the report "Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables), and Region - Global Forecast to 2027", published by MarketsandMarkets™, the market is estimated at USD 6.1 billion in 2022; it is projected to grow at a CAGR of 8.3% to reach USD 9.2 billion by 2027. Asia Pacific accounted for the fastest region, during the forecast period, in terms of volume and value, respectively. Asia Pacific comprises of the largest developing countries with vast agricultural lands as compared to other regions. The per capita income of the region depends on the agricultural activities conducted in the countries. The key countries that play an important role in the agriculture sector in this region are India, China, Japan, and Thailand. Cereals & grains, fruits & vegetables, are the leading agricultural commodities grown in these countries. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of Asia Pacific.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=503
North America dominates the market contributing to 39% in the global seed protection market. The region is a key exporter of agricultural products. It is mainly dominated by large-scale operations, primarily focused on exports. North America has an advantage of having a very organized distribution chain. Factors such as fertile soil, availability of water and land, entrepreneurial farmers, and efficient infrastructure are the key competitive advantages the North American market has. The major cultivated crops in the region include corn, soybean, and wheat, which account for 70% of cultivation, followed by canola, alfalfa, cotton, and barley. Seed treatment is the safest alternative to protect crops with a minimum residue level. Plant extracts and oil-based seed treatments for organic farming, a seed treatment for abiotic stress, and controlled-release technology in seed treatment are the key points of the growth of the North American market.
Browse in-depth TOC on "Seed Treatment Market"
979 – Tables
73 – Figures
581 – Pages
Non-chemical treatment by type is projected to have the highest growth rate in the seed treatment market.
Non-chemical seed treatment is achieved in two ways, namely, physical, and biological seed treatment. Physical seed treatment includes activities, such as steam, heat, or irradiation for seed protection, which means they function by disinfecting the seeds through non-chemical methods. Since in physical seed treatment, there is no use of chemical methods; this type of seed treatment method is appropriate for organic farming to control bacteria that may harm seeds.
Biological seed treatment methods include microorganisms that are used to protect seeds against seed-and soil-borne diseases. This treatment method is an effective alternative to chemical seed treatment.
By crop type, the oilseeds are projected to grow with the highest growth rate in the seed treatment market.
The oilseeds include soybean, cotton, canola, sunflower, and other oilseeds. The oilseeds refer to plants or seeds primarily used to extract fats and oils, also known as lipids. Soybean is among the leading providers of vegetable protein and oil. It is popular among producers as it can be grown in a wide variety of soil and climatic conditions. Moreover, the demand for canola as an alternative to soybean has increased for its economical pricing. Due to its functional properties, safflower oil is used in the treatment of skin infections, bone-related disorders, and atherosclerosis. These oilseeds contribute to the growth of the oilseeds segment.
The seed enhancement segment by function is projected to grow with the highest growth rate in the seed treatment market over the forecast period.
Seed enhancement includes practices and technologies that improve the seed germination and seedling growth, thereby improving the overall crop's harvested yield and quality. The seed enhancement market is further segmented into products, which enhance the viability of the seed and functions that include processes used to enhance seeds. There has been an increase in research & development investments carried out to develop new and better products, such as biofertilizers and crop protection chemicals, biologicals.
Treatments such as pelleting, film-coating, and encrusting are included, which improve seed sowing. Some treatments, such as nutrients, enhance nutrient availability or provide inoculates required for seedling establishment.
The seed dressing segment by application technique is projected to grow with the highest CAGR of the seed treatment market over the forecast period.
The seed is dressed in a dry formulation or often is wet treated with a slurry or liquid formulation. Earthen pots which are extremely cost effective are used for mixing pesticides with a seed or seeds and can be spread on a polythene sheet wherein the required quantity of chemicals can be sprinkled on a seed lot and mixed mechanically by farmers. Research studies have revealed that leaves and seeds of the neem (Azardirachata indica), custard apple (Annona squamosa), and aloe vera (Aloe Vera L.) sap are used as seed-dressing alternatives. Seed dressing has been a normal practice in the Asia Pacific region due to its low application costs. Key players are focusing on offering customized seed dressing formulations through localized seed treating centers.
The liquid solution segment by formulation is projected to grow with the highest CAGR of the seed treatment market over the forecast period.
Formulations have a significant impact on the survival of microbial during the process of product elaboration, storage, and application. The growth of microrganisms depends in various physical and chemical properties of the seed treatment formulations used. The liquid solution, also known as 'quick wet' method, is used for mainly for seed protection. For instance, fungicides can be applied to the seed and mixed well ensures proper coating of the solution. The free-flowing liquid solution then penetrates the seed coat, instead of sitting on the surface. This method can be used for fertilizer and nutrients such as trace elements. As there is high absorption rate, less of the product is required to be applied on the seeds.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=503
Asia Pacific is projected to be the fastest growing region in the seed treatment market during the forecast period
Asia Pacific seed treatment market is projected to grow with highest CAGR due to the growing agriculture industry in China and Japan. Demand for seed treatment has been growing in this region, due to global players increasing their investments of business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality. Additionally, the regulations for seed treatment are favorable in this region. China is estimated to account for the largest share in the Asia Pacific seed treatment market.
Key Market Players:
The key players in this market include Syngenta, (Switzerland), BASF SE (Germany), FMC (US), Adama Agriicultural Solutions Ltd. (Israel), Nufarm (Australia), UPL (India). These players in this market are focusing on increasing their presence through new product launches, partnerships, agreements. These companies have a strong presence in North America, Asia Pacific, and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
Related Reports:
Agricultural Biologicals Market by Function, Product Type (Microbials, Macrobials, Semiochemicals, Natural products), Mode of Application (Foliar Spray, Soil and Seed treatment), Crop Type and Region
https://www.marketsandmarkets.com/Market-Reports/agricultural-biological-market-100393324.html
Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Type (Nitrogen-fixing, Phosphate solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Crop Type, and Region
Browse Adjacent Reports: Agriculture Industry Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/seed-treatment-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/seed-treatment.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
Share this article