Market Size of North America Soybean Seed Treatment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North American Soybean Seed Treatment Market Analysis
The North America soybean seed treatment market is projected to register a CAGR of 6.3% during the forecast period 2020-2025. According to the United States Department of Agriculture, the United States is the largest producer of soybean in the world followed by Canada which was estimated to be the seventh-largest producer in the world in 2017. Seedling diseases, like Phytophthora and Pythium, are the major threats to soybean in the United States, therefore, seed treatment forms a major part of soybean cultivation in the country. Bean leaf beetle and thrips affect the soybean crops in the early days of the crops. Root-knot nematodes also affect the soybean crop growth. Many companies, like Syngenta and DuPont, offer soybean specific seed treatment products which offer protection against these issues.