Global Seed Treatment Market Overview
According to SPER Market Research, the Global Seed Treatment Market is estimated to reach USD 13.82 billion by 2032 with a CAGR of 8.52%.
The expansion of the market is anticipated to be driven by improvements in seed treatment technology, greater government backing, and a rise in farmer demand for high-quality seeds. Due to growing regulatory concerns around fumigation and the foliar application of pesticides, farmers are more and more seriously considering seed treatment as a way to safeguard investments made in high-quality seeds. Thus, the global sales of seed treatment chemicals are being driven by farmers' growing understanding.Moreover, seed treatment has evolved into a more cost-effective crop protection technique than standard spraying since it is more efficient and labour-intensive. Several governments are also running national campaigns and pushing legislation that would allow farmers to get pesticides, herbicides, and fungicides at a reduced cost in an effort to popularise seed treatment methods among farmers. Thus, the effectiveness of the seed treatment as well as growing government assistance will probably boost the expansion of the seed treatment market in the upcoming years.
Impact of COVID-19 on the Global Seed Treatment Market
The COVID-19 pandemic has forced unheard-of lockdowns worldwide, stifling regular business operations and altering customer behavior in practically every sector. Fortunately, due mostly to transportation limitations, it had little effect on the need for seed care, which was good news for the worldwide seed treatment industry. The government cannot impose lockdowns or other restrictions on any kind of agricultural business. Due to farmers' panicked purchasing, the agrochemical businesses saw double-digit profits growth from the previous year. Businesses kept enough inventory on hand to allow farmers to purchase seed treatment goods as needed.
Several businesses, notably agriculture and crop security, were adversely affected by the lockdowns and quarantine restrictions implemented to stop the spread of the SARS-CoV-2 virus. Agrochemical movement was affected in the early stages of the outbreak by disrupted logistics and transportation. As a result, the first quarter of 2020 saw a fall in sales for the seed treatment industry. The COVID-19 pandemic caused disruptions throughout the industry's value chain, from the supply of raw materials to manufacture, packaging, and distribution, in addition to limits on employee mobility, a drop in farmer demand, and the closure of seed production facilities. Production was hampered by the industry's chronic labour shortages brought on by frequent lockdowns.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application Technique, By Function, By Crop Type
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | ADAMA Agricultural Solutions Ltd, BASF SE, Bayer AG, Croda International Plc., DuPont de Nemours Inc., FMC Corporation, Nufarm, Sumitomo Chemicals Co. Ltd, Syngenta Ag, UPL Limited
|
Target Audience:
- Seed Treatment Producers
- Raw Material Suppliers
- Retailers, Wholesalers, and Distributors
- Governments, Associations, and Industrial Bodies
- Investors and Trade Experts
Global Seed Treatment Market Segmentation:
1. By Type:
2. By Application Technique:
3. By Function:
- Seed Protection
- Seed Enhancement
4. By Crop type:
- Cereals & Grains
- Oilseed & Pulses
- Fruits & vegetables
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Seed Treatment Market (FY’2019-FY’2032)
- Overview of Global Seed Treatment Market
- Segmentation of Global Seed Treatment Market By Type (Chemical, Non-Chemical)
- Segmentation of Global Seed Treatment Market By Application Technique (Dressing, Coating, Pelleting, Others)
- Segmentation of Global Seed Treatment Market By Function (Seed Protection, Seed Enhancement)
- Segmentation of Global Seed Treatment Market By Crop Type (Cereals & Grains, Oilseed & Pulses, Fruits & Pulses, Others)
- Statistical Snap of Global Seed Treatment Market
- Growth Analysis of Global Seed Treatment Market
- Problems and Challenges in Global Seed Treatment Market
- Competitive Landscape in the Global Seed Treatment Market
- Impact of COVID-19 and Demonetization on Global Seed Treatment Market
- Details on Recent Investment in Global Seed Treatment Market
- Competitive Analysis of Global Seed Treatment Market
- Major Players in the Global Seed Treatment Market
- SWOT Analysis of Global Seed Treatment Market
- Global Seed Treatment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst