Aerial View of Agriculture, Seeding, Plant seed growing concept.
The Seed Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Seed Treatment Global Market Report 2024, The seed treatment market size has grown rapidly in recent years. It will grow from $11.1 billion in 2023 to $12.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to reduced manufacturing costs, complex geometry production, tooling-free manufacturing, shorter time-to-market, increased acceptance in aerospace.
The seed treatment market size is expected to see rapid growth in the next few years. It will grow to $18.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to material diversity expansion, sustainability focus, electronics industry applications, education and research applications, expanding material options, move towards large-scale production.. Major trends in the forecast period include powder bed fusion technology, industry 4.0 and digital manufacturing, customization and personalization, rapid prototyping and iterative design, post-processing techniques.
The increasing number of seed- and soil-borne diseases is expected to propel the growth of the seed treatment market going forward. Seed- and soil-borne diseases refer to plant diseases that are caused by pathogens that live in the soil or on seeds. Seed- and soil-borne diseases are primarily treated through seed treatment, which can protect crops by providing a cost-effective and efficient means of controlling diseases and helping to increase crop production efficiency. For instance, in February 2023, according to a report shared by the Food and Agriculture Organization (FAO), a US-based specialized agriculture agency, annually, pests cause a significant impact on global crop production, resulting in a loss ranging from 20% to 40%. Plant diseases alone incur approximately $220 billion in costs to the global economy each year, while invasive insects contribute to an additional $70 billion. Furthermore, in March 2021, according to the International Feed Federation, a Switzerland-based agency representing the interests of the professional seed industry at the global level, it will be an immense task for agriculture to generate enough healthy food for a population that is estimated to exceed 10 billion by 2050. Therefore, the increasing number of seed- and soil-borne diseases is driving the growth of the seed treatment market.
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The seed treatment market covered in this report is segmented –
1) By Type: Insecticides, Fungicides, Chemicals, Non-Chemicals
2) By Formulation: Liquid Solution, Powder, Emulsion, Flowable Concentrate, Water Dispersible Powder For Slurry, Other Formulations
3) By Crop Type: Oilseeds, Cereals And Grains, Fruits And Vegetables, Other Crop Types
4) By Function: Seed Protection, Seed Enhancement
5) By Application Technique: Seed Coating, Seed Dressing, Seed Pelleting
Product innovations are a key trend gaining popularity in the seed treatment market. Major companies operating in the seed treatment market are innovating new products to sustain their position in the market. For instance, in May 2022, Bayer AG, a Germany-based pharmaceutical company, launched the Routine Start 280FS, an innovative seed treatment that helps farmers overcome rice blast (leaf blast) issues for greater yields. In order to increase crop yield and resource efficiency for rice farmers, a new seed treatment solution was developed to guard early-season rice seeds against rice blast fungus. This is an ideal solution that aids farmers in resolving this issue while safeguarding the environment and food supply. This solution is made possible through a combination of scientific discoveries, technology, and knowledge in seed treatment. Routine Start 280FS technically contains both isotianil (200 g/l) and trifloxystrobin (80 g/l) to activate the plants’ natural defences and enable them to successfully protect themselves from blast infections during the first 40–50 days after sowing, sparing rice growers from having to apply at least one or two foliar fungicide applications.
The seed treatment market report table of contents includes:
1. Executive Summary
2. Seed Treatment Market Characteristics
3. Seed Treatment Market Trends And Strategies
4. Seed Treatment Market – Macro Economic Scenario
5. Global Seed Treatment Market Size and Growth
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26. South America Seed Treatment Market
27. Brazil Seed Treatment Market
28. Middle East Seed Treatment Market
29. Africa Seed Treatment Market
30. Seed Treatment Market Competitive Landscape And Company Profiles
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