Seed Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The seed treatment market is projected to register a CAGR of 7.8% during the forecast period (2020-2025).

• The seed treatment market is driven by increasing awareness among the farming community, increasing demand for food grains, and economic growth among top economies are some of the factors driving the market.
• Various regulations and government agencies are encouraging the use of seed treatments as they offer effective seed protection from pathogens, insects, and other pests, in addition to contributing to the healthy and uniform stand establishment of a variety of crops produced.
• Innovation in seed treatment technology is important to combat the problem of climate change, develop resistance toward certain agrochemicals, and stay ahead of competitors. Hence, more seed companies are focusing on forging new collaborations and on the introduction of new products, in order to take advantage of innovations in both biology and chemistry of new seed treatment technologies.
• As an impact of the Covid-19 pandemic, the logistics system across the globe was disrupted which led to reduced import and export activities in the major seed processing markets such as China, the U.S, India, and Germany. This has created a huge supply and demand gap in the market and has affected the market growth.

Scope of the Report

The global seed treatment market is segmented by chemical origin into synthetic and bio-based. By product type the market is segmented into insecticides, fungicides, and other product types). By application the market is segmented into commercial and retail. Based on application technique the market is segmented into seed coating, seed pelleting, seed dressing, and other application techniques. By crop type the amrket is segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other crop types. further the market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle East and Africa.

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Key Market Trends

Seed Treatment As Low-Cost Crop Protection Solution

The growth in the seed treatment industry is largely fuelled by the increasing sizes of farms and increasing concerns over its quality and safety, due to harmful effects of chemicals to the environment. Seed treatment is one of the most popular chemical crop protection methods available. It helps in healthy germination and protection against seed-borne and soil-borne diseases at a lower cost than spraying, ensuring the saleability of the harvest. Thus, some of the major drivers of the seed treatment industry are the increase in the costs of seeds, crop rotations getting shorter, and greater use of multi-component products. The organic techniques, which have a lower impact on the environment, are encouraging the adoption of seed treatment practices to enhance the productivity. Thus, based on the aforementioned factors, the high cost and time involved in bringing genetically-modified crops, compared to the seed treatment products, are the factors making seed treatment one of the viable options for driving the growth of the market during the forecast period.

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