Chemical Seed Treatment Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.36 Billion |
| Market Size (2029) | USD 9.31 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Chemical Seed Treatment Market Analysis
The Global Chemical Seed Treatment Market size is estimated at USD 7.36 billion in 2024, and is expected to reach USD 9.31 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
The impact of the COVID-19 pandemic on the seed treatment market has been minimal, mainly due to transportation barriers. The impact of lockdowns or disruptions has been exempted by the government for all types of agricultural activities, hence there has been no such effect of corona outbreak. Indeed, the agrochemical companies have made double-digit profits as compared to last year, due to panic buying behavior from farmers. Growing awareness among farmers over the use of seed treatment has resulted in support from the government. Multiple seed banks are being managed by the governments of developing countries, at the national, as well as village levels, in order to store seeds that are properly treated by seed treatment chemicals, hence preventing the rotting of seeds. Encouraging government regulations and campaigns over the use of seed treatment is driving the market. The global market for seed treatment comprises chemical agents, including insecticides, fungicides, and other chemicals, of which chemical agents form the most dominant application segment.
Chemical Seed Treatment Market Trends
This section covers the major market trends shaping the Chemical Seed Treatment Market according to our research experts:
Increase in Cost of High-Quality Seeds driving the Market
High costs associated with hybrids and genetically modified seeds is a major factor driving the growth of the seed treatment market, globally. Seed treatment is gradually being considered by farmers as a mode to protect investments made on good quality seeds, due to an increase in regulatory issues relating to fumigation, as well as the foliar application of pesticides. Cost of seeds is expected to increase, owing to a increase in the demand for high-quality seeds, with desirable agronomic traits. Both companies and farmers are ready to spend on seed treatment solutions, in order to save high-quality seeds. According to USDA estimates of 2019, corn seeds cost about 300% since 1995, while the yield grew by only 35%. Framers are trying to cut down operating costs by selecting seeds that do not require multiple doses of chemicals. The initial protection of these engineered seeds is ensured by using seed treatments products.
Increasing Usage in the Asia Pacific region
Geographically, Asia Pacific is the top consumer of seed treatment with a market share of around 60.0%. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains. Asian countries, such as Korea, China, Japan, and recently Vietnam, are applying more of seed protection/enhancement products for both short-term and perennial crops. Various leading seed treatment companies like Syngenta, BASF, and Bayer are operating in these regions and they regularly organize field trials and training sessions to increase the awareness regarding their products, as well as to present the benefits of using seed treatment products. The increasing agricultural practices and requirement of high-quality agricultural produce are factors that are projected to drive the seed treatment market growth in this region.
Chemical Seed Treatment Industry Overview
The market for chemical seed treatment is consolidated. Top players in the market occupy a major portion of the market, having a diverse and increasing product portfolio. In terms of market share dominance, Syngenta International AG with 24.0% share is followed by Bayer CropScience AG, Corteva Agriscience, BASF SE, and Syngenta. These major players in this market are focusing on increasing their presence through expansions & investments, mergers & acquisitions, partnerships, joint ventures, and 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. The major players in this market are focusing on increasing their presence through expansions & product innovations, mergers & acquisitions, partnerships, joint ventures, and agreements.
Chemical Seed Treatment Market Leaders
Syngenta International Ag
Bayer CropScience AG
Corteva Agriscience
BASF SE
Adama Agricultural Solutions Ltd.
*Disclaimer: Major Players sorted in no particular order
Chemical Seed Treatment Market News
In May, 2020, Syngenta has announced TYMIRIUM TM technology brand with a new active ingredient for seed treatment and soil applications with improved sustainability profile. It is a novel nematicide and fungicide technology.
In January 2018, BASF's new Velondis brand biofungicide seed treatment formulations have received registrations from the Environmental Protection Agency (EPA). It has potential applications in agriculture, horticulture and forestry, the products are designed to boost the protection of seedlings and plants from key soil-borne diseases.
Chemical Seed Treatment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of Substitute Products
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Insecticide
5.1.2 Fungicide
5.1.3 Other Chemicals
5.2 Crop
5.2.1 Corn/Maize
5.2.2 Soybean
5.2.3 Wheat
5.2.4 Rice
5.2.5 Canola
5.2.6 Cotton
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Germany
5.3.2.5 Russia
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Thailand
5.3.3.5 Vietnam
5.3.3.6 Australia
5.3.3.7 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Syngenta International AG
6.3.2 Bayer CropScience AG
6.3.3 BASF SE
6.3.4 DowDuPont Inc.
6.3.5 ADAMA Agricultural Solutions Ltd
6.3.6 Advanced Biological Systems
6.3.7 BioWorks Inc.
6.3.8 Germains Seed Technology
6.3.9 Incotec Group BV
6.3.10 Nufarm Limited
6.3.11 Plant Health Care
6.3.12 Precision Laboratories
6.3.13 Valent Biosciences Corporation
6.3.14 Verdesian Life Sciences
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF IMPACT OF COVID-19 ON THE MARKET
Chemical Seed Treatment Industry Segmentation
Seed treatment products or the chemicals that are used to coat or treat the seeds before sowing to ensure high germination percentage. Chemical Seed Treatment Market is segmented by Chemical Type (Insecticides, Fungicides, and Other Chemicals), Crop Type (Corn, Soybean, Wheat, Rice, Canola, and Cotton), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East & Africa).
| Application | |
| Insecticide | |
| Fungicide | |
| Other Chemicals |
| Crop | |
| Corn/Maize | |
| Soybean | |
| Wheat | |
| Rice | |
| Canola | |
| Cotton |
| Geography | |||||||||
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Chemical Seed Treatment Market Research FAQs
How big is the Global Chemical Seed Treatment Market?
The Global Chemical Seed Treatment Market size is expected to reach USD 7.36 billion in 2024 and grow at a CAGR of 4.80% to reach USD 9.31 billion by 2029.
What is the current Global Chemical Seed Treatment Market size?
In 2024, the Global Chemical Seed Treatment Market size is expected to reach USD 7.36 billion.
Who are the key players in Global Chemical Seed Treatment Market?
Syngenta International Ag, Bayer CropScience AG, Corteva Agriscience, BASF SE and Adama Agricultural Solutions Ltd. are the major companies operating in the Global Chemical Seed Treatment Market.
Which is the fastest growing region in Global Chemical Seed Treatment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Chemical Seed Treatment Market?
In 2024, the Europe accounts for the largest market share in Global Chemical Seed Treatment Market.
What years does this Global Chemical Seed Treatment Market cover, and what was the market size in 2023?
In 2023, the Global Chemical Seed Treatment Market size was estimated at USD 7.02 billion. The report covers the Global Chemical Seed Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Chemical Seed Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chemical Seed Treatment Industry Report
Statistics for the 2024 Chemical Seed Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chemical Seed Treatment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
