Market Size of Germany Seed Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.00 % |
Market Concentration | High |
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?
Germany Seed Treatment Market Analysis
The Germany seed treatment market is anticipated to register a CAGR of 8% during the forecast period (2020-2025). Seed treatment refers to the application of chemical or biological products to the seed before sowing to suppress, control, or repel pathogens, insects, and other pests that attack seeds, seedling, or plants. Seed treatment offers a precise mode of application of products in the field and provides a high level of protection against various pests while reducing the potential exposure of humans and the environment to crop protection products. However, the regulatory uncertainty of the product approvals and doubts regarding their efficacy and environmental concerns arising from the usage of chemical products has hampered the growth of these products. The key drivers for this market include the rising cost of fertilizers and pesticides, growing need to increase crop yield and quality, a wide range of benefits of seed treatment and its low-cost reduction of arable land, increasing demand for integrated pest management practices to minimize pesticide usage and reduced risk of exceeding minimum residue level.