Market Size of Global Wheat Seed Treatment Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.20 Billion |
| Market Size (2029) | USD 3.60 Billion |
| CAGR (2024 - 2029) | 10.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Wheat Seed Treatment Market Analysis
The Global Wheat Seed Treatment Market size is estimated at USD 2.20 billion in 2024, and is expected to reach USD 3.60 billion by 2029, growing at a CAGR of 10.40% during the forecast period (2024-2029).
Owing to the increasing trade of wheat, because of the underlying rise in demand, and the emergence of pests and diseases, there is a need to improve wheat yields, which is driving an enhanced usage of seed treatment on wheat seeds, thus driving the seed treatment market.
North America dominates the wheat seed treatment market, however, Asia-Pacific and South America are showing a rapid pace of market growth. As per the United States Department of Agriculture (USDA) report 2019, global wheat supplies have increased by 4.9 million metric ton and global production increased to 3.3 million metric ton in the year 2018, compared to 2017. In addition, the report estimates the wheat production for India was recorded at 101.2 million metric ton and for European Union (EU) at 153.8 million metric ton in 2018. The increasing production indicates a higher demand for wheat seed treatment products as it is cost-effective and efficient in protecting seeds against climatic adversities.
The COVID-19 pandemic affected the availability of key intermediate inputs for farmers. With COVID reaching Canada just before planting season, concerns were centered on possible disruptions of seeds and crop protection product delivery. Therefore, low availability and/or high prices of inputs such as pesticides could weigh on yields consequently, seed treatment market as well.
