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The seed treatment market size is estimated to grow at a CAGR of 8.32% between 2022 and 2027 and the size of the market is forecast to increase by USD 3.06 billion. The growth of the market depends on several factors, such as the rising awareness regarding seed-applied technologies, the growing demand for treated seeds from developing countries, and the focus on high-yielding production from treated seeds
Seed Treatment Market Forecast 2023-2027
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Driver- The rising awareness regarding seed-applied technologies is driving growth in the market.
Although the demand for food is increasing, the availability of per capita arable land is declining, majorly due to the rising population and urbanization. Therefore, to make their farmlands more efficient, farmers are concentrating on developing techniques such as high-yield hybrid seeds for progressive food production. Treated seeds, which have a prolonged shelf life and good quality, therefore need to be used.
Moreover, growing awareness programs for the usage of treated seeds by the government of different countries, such as the India Seed Treatment Campaign, are driving the growth of the market during the forecast period. In order to fight the challenges facing farmers due to a lack of land, companies have been continuously introducing high-yield hybrid seeds. In China, there is a focus on increasing yields per hectare, which can only be achieved by the introduction of new varieties offering higher yields but with reduced water consumption, fertilizers, or other inputs and that are far more resistant to droughts, heat, submersions, pests, and diseases. Therefore, the decline in arable land, coupled with the development of treated crops, is expected to drive the market growth in focus during the forecast period.
The arms industry has also shown interest in seed treatment, recognizing its potential to enhance crop resilience and yield. Additionally, advancements in agricultural technology are paving the way for more efficient construction of seed treatment facilities, further driving the market growth. Furthermore, cultivators and farmers are increasingly recognizing the importance of amino acids in seed treatment formulations, contributing to improved plant health and productivity.
Trends- The traditional strategies aimed towards developing innovative seed treatment products is a major market trend.
Prominent players in the market are primarily focusing on various growth strategies such as acquisitions, partnerships, and collaborations to broaden their landscapes and garner large market shares. There are international and locally active players on the market in focus.
However, the prominent players in the market strategically focus on acquisitions and partnering to expand their business in the global market. This partnership will give Albaugh LLC the ability to increase its portfolio of customized seed treatments, and furthermore demonstrate that it is making good on its commitment to innovate products. The growth of the global market is projected to be supported by these factors over the forecast period.
In addition, market trends and analysis indicate a rising demand for tailored seed treatments, reflecting an awareness of the need for more effective solutions to address chronic pain points in agriculture. With a focus on enhancing commodity yields through innovative concepts and precision-cutting tools, the market growth and trends are expected to continue on an upward trajectory
Challenge- The ban on chemical-based seed treatment solutions is a major challenge in the market share.
Farmers and their families are highly exposed to traditional pesticide-related diseases. The common way of getting multiple chemical sensitivity is through exposure to pesticides with symptoms such as dizziness, cardiovascular issues, muscle, and joint pain.
Such development has resulted in a ban on various chemicals used for seed treatment. The market focus during the forecast period is expected to be hampered by a growing ban on chemical-based seed treatment solutions.
The oilseeds segment will account for a major share of the market's growth during the forecast period. Oilseeds are the seeds of plants or vegetables that are primarily used to extract fats and oils. Oilseeds like soybean and rapeseed have witnessed a rise in demand across the globe in the past 4-5 years. As soybean and cotton seeds are among the largest consumed crops in the world, they contribute significantly to the global market.
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The oilseeds segment was valued at USD 2,130.51 million in 2017 and continued to grow until 2021. The market is growing due to the steady increase in demand for soybean and cotton seeds. Producers of oilseed have been compelled to increase their productivity to meet the increasing demand, thus leading to an expansion in the cultivation area for pulses and oilseed, which further drives the growth of the global market in the oilseed segment during the forecast period.
With the growing agricultural sector, the segment of chemical seed treatment is likely to see growth over the forecast period. In recent years, there has been strong growth in the Asia Pacific region with China, India, and Australia making up a significant part of this market. Many companies are launching new variants of chemicals. The new fungicide is a new developed to protect corn and soybean seedlings from key diseases such as Pythium. Such product launches can accelerate the growth momentum of the market during the forecast period.
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North America is estimated to contribute 36% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.
North America has the highest per-hectare consumption of agrochemicals (4.5 kilograms per hectare) among all the regions. The market in North America is one of the most commercially and industrially advanced markets. The growth of this market depends on the effective productivity of crops, with the maintenance of soil health.
In the realm of modern agriculture, seed treatment stands as a pivotal practice, enhancing absorption rates and fortifying crops against various challenges. This technique, utilizing acid solutions and innovative agricultural technology, aligns seamlessly with evolving agricultural policy and the pursuit of elevated agricultural productivity.
Driven by advancements in biotechnology and business intelligence, the market witnesses a surge in demand. Its role in combating damping off and fostering efficiency underscores its significance amid climate uncertainties.
Market trends indicate a shift towards sustainable solutions, propelling the growth trajectory. As consultants and consulting firms delve into market research and growth analysis, insights emerge regarding the market's complexity and the dynamics of decision-making within.
From bolstering economic development to catering to the rising need for convenience food, seed treatment transcends sectors, influencing even the cosmetics industry. With market forecasting unveiling promising avenues, stakeholders anticipate a future defined by innovation and market growth analysis.
In essence, the market represents more than just a segment; it embodies the evolving landscape of agriculture, where market analysis and reports serve as guiding beacons toward sustainable practices and heightened yields.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGLUKON Spezialduenger GmbH and Co. KG - The company offers seed treatment that helps boost root development, germination, and uniform emergence.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market report forecasts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.32% |
Market growth 2023-2027 |
USD 3,063.64 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.5 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, China, India, Russia, and France |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGLUKON Spezialduenger GmbH and Co. KG, Albaugh LLC, Associated British Foods Plc, BASF SE, BioWorks Inc., Excel Crop Care Ltd., FMC Corp., Humintech GmbH, Koch Industries Inc., MITSUI and CO. LTD., Novozymes AS, Nufarm Ltd., OMEX, Plant Health Care Plc, Roquette Freres SA, Sumitomo Chemical Co. Ltd., Syngenta Crop Protection AG, UPL Ltd., Bayer AG, and Corteva Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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