Global Seed Treatment Market

Global Seed Treatment Market Size, Share, Growth Analysis, By Type(Insecticides, Fungicides), By Crop(Corn, Soybean), By Function(Seed Protection and Seed Enhancement) - Industry Forecast 2024-2031


Report ID: SQMIG15C2028 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Global Seed Treatment Market Insights

Global Seed Treatment Market size was valued at USD 10.73 billion in 2021 and is poised to grow from USD 13.4 billion in 2022 to USD 26.84 billion by 2030, growing at a CAGR of 9.46% in the forecast period (2023-2030).

The growing use of seed treatment therapies in the agriculture industry are projected to increase pest and insect resistance to seeds due to their high efficacy. Seed treatment improves the fruit and leaf's ability to kill certain insects and pests. With seed treatments to strengthen them, agricultural goods are produced with a higher yield. The practice of treating seeds is becoming increasingly common among farmers because it helps in preventing the transmission of infections and diseases through soil and seeds. As a result, more crops are grown and germination is increased. The use of seed treatment activities is rising as a result of growing health concerns about crops' and fruits' output. The global seed treatment market has been expanding as a result of this.

In light of increasing demand for fruits and vegetables, it has lately been noted that seed treatment is being used more frequently, particularly in emerging nations, to increase crop yields of fruits and vegetables. The widening disparity between supply and demand is limiting industry expansion and driving up the cost of insecticide and pesticide products.

Globally, there is a high demand for seed treatment to increase and protect high-yield crops. Developed nations such as the USA and Europe, with large agricultural product markets,are also one of the main producers of high-quality agricultural goods. The use of bio-based seed treatment techniques has grown because of rising demand for integrated pest management techniques, seed treatment, insect resistance, organic farming practices, and to dramatically cut on post-harvest crop losses.

The seed treatment market experienced significant growth in 2022 due to ongoing studies and developments in the sector, and this trend is expected to keep going in the coming years.

Market snapshot - 2024-2031

Global Market Size

USD 10.73 billion

Largest Segment

Insecticides

Fastest Growth

Non-chemical Products

Growth Rate

9.46% CAGR

Global Seed Treatment Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Seed Treatment Market Size By Application, 2022-2030 ($ Bn)
Global Seed Treatment Market Size By Application, 2022-2030 (%)

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Global Seed Treatment Market Segmental Analysis

The global seed treatment market is segmented based on type, crop, function, and region. Based on type the market is segmented into insecticides, fungicides, chemicals and non-chemicals. In terms of crop the market is segmented into corn, soybean, wheat, canola and others. With respect to function, the market is grouped into seed protection and seed enhancement. By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Crop

The industry has been further segmented into corn, soyabean, wheat, canola, and other crops based on the type of crop. In 2022, the corn segment dominated the market globally and was accountable for a revenue share of nearly 31.7%. The high product demand from crop protection activities might be blamed for this segment's expansion. The method of preparing seedlings basically involves nourishing the seeds with chemicals made from biological and synthetic resources.

Seed treatment comprises living organisms that can stop the life cycle of insect pests, hence reducing crop harm in the future. The natural enemies of pests and insects, such as predators, parasites, disease-causing fungus, bacteria, and viruses, are used as bio-based seeds.

Analysis by Type

The global industry has been further segmented into insecticides, fungicides, industrial chemicals, and non-chemical products based on kind. In 2022, the insecticides type category held the largest market share, with more than 32.8% of the total revenue. Insecticide sales have grown because of rising demand from Asia Pacific's emerging economies, especially China and India.

Due to the fact that there are no residues left in agricultural goods after using certain bio-based seed treatment products, their use has grown over the past ten years. This method of seed treatment encourages the eradication of insects and pests from soils and seeds without leaving any dangerous chemical residues in vegetables and fruits. Due to the region's primary consumers' preference for agricultural products made from organic materials, farmers in North America and Europe were among the first to use seed treatment solutions.

Global Seed Treatment Market By Application, 2022 (%), 2023 (%)

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Global Seed Treatment Market Regional Insights

The industry was dominated by Asia Pacific in 2022, and generated more than 32.0% of the overall revenue. The region is anticipated to continue growing at a steady Rate and maintain its dominance during the forecast period. The region's prosperity is linked to increased agricultural activity and high crop demand from major nations like the United States and European nations. ​

The major driver of market expansion in Europe is the product's use in plantations, which is facilitated by ongoing agricultural and fruit and vegetable plantation development initiatives in countries like Germany, France, the United Kingdom, and Italy. In a study by the European Commission, the agriculture sector would generate EUR 178.4 billion in sales in 2021. ​​

Asia Pacific, on the other hand, is anticipated to grow at the fastest rate during the anticipated years. The area had the second-largest revenue share across the board in 2022. Over the next few years, it's projected that organic farming techniques will significantly increase in the Asia-Pacific region. This is a result of the growing demand for agricultural products made of biomaterials, which is expected to promote the expansion of markets during the projection period. ​​​​

Global Seed Treatment Market By Geography, 2022-2030, 2024-2031
  • Largest
  • Fastest

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Global Seed Treatment Market Dynamics

Drivers

Growing demand for higher crop yield

  • Seed treatment provides a more affordable alternative to a number of other crop security mechanisms and is expected to significantly expand the global seed treatment industry. The need for healthy saplings from each and every seed and high yields, as well as the growing demand for high-efficiency seed chemicals, are the industry's driving forces. Demand is also growing as a result of the increased demand for techniques that can boost crop yields at an attractive cost.

Restraints

Natural disasters will restrict the market's potential.

  • Natural calamities, like storms, landslides, flooding, and other instances of extreme weather, may adversely impact the overall output of raw fruits and vegetables, which may hinder the expansion of the global seed treatment industry. Also, adverse climate conditions are preventing demand growth. Due to the short shelf life of treated seeds, germination of seeds and vigor loss are rising, especially in seeds like soybeans. The composition's chemical and physical characteristics have an effect on microbes.

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Global Seed Treatment Market Competitive Landscape

The seed treatment industry is highly competitive in nature as a result of the large variety of global players involved. To increase their revenue, these companies are eager to expand into new markets. In an effort to keep up with the increasing consumer appetite for their goods, major manufacturers engage in a variety of operations like mergers and acquisitions, joint ventures, and growth activities. By these initiatives, companies also seek out additional potential customers whilst keeping the least potential distribution costs.

Top Player’s Company Profiles

  • Syngenta AG
  • Bayer AG
  • BASF SE
  • DowDuPont Inc.
  • FMC Corporation
  • Nufarm Limited
  • Monsanto Company
  • Platform Specialty Products Corporation
  • Sumitomo Chemical Co., Ltd.
  • UPL Limited
  • Adama Agricultural Solutions Ltd.
  • Arysta LifeScience Corporation
  • Corteva Agriscience
  • Germains Seed Technology
  • INCOTEC Group BV
  • International Seed Group Inc.
  • Morflora
  • Precision Laboratories, LLC
  • Valent BioSciences LLC
  • Verdesian Life Sciences

Recent Developments

  • In July 2022, for maize and canola crops, Corteva Agriscience has introduced two new seed treatment packages containing a variety of new products that will aid growers in broad-spectrum pest and disease control.
  • In May 2022, Victrato is a new seed treatment product from Syngenta Seedcare that improves the quality and production of various crops, including soybeans, corn, cereals, cotton, and rice. Victrato targets nematodes and significant soil-borne fungal diseases.

Global Seed Treatment Key Market Trends

  • The global market for seed treatments is growing as a consequence of the increasing popularity of hybrids and genetically modified seeds. Due to heightened regulatory concerns over fumigation and foliar pesticide use, farmers are increasingly considering seed treatment to protect investments made in high-quality seeds.
  • By selecting seeds that do not require several chemical doses, farmers are attempting to reduce operating costs. Using seed treatment products guarantees that these engineered seeds are originally protected. The proportion of total operational costs for maize that go towards seed has gone up from roughly 28% to 32% over the last seven years. The growth of the seed treatment market is expected to be positively impacted by the rise in area under GM crops since the majority of GM seeds are more productive due to biological and chemical treatments.

Global Seed Treatment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, we found that the Seed Treatment market is This may be related to the growing use of seed treatment therapies in the agriculture industry, which are used to increase seeds' pest and insect resistance due to their high efficacy. The seed treatment improves the fruit and leaf's ability to kill certain insects and pests. With seed treatments to strengthen them, agricultural goods are produced with a higher yield. The seed treatment market experienced significant growth in 2022 due to ongoing studies and developments in the sector, and this trend is expected to keep going in the coming years.

Report Metric Details
Market size value in 2023 USD 10.73 billion
Market size value in 2031 USD 26.84 billion
Growth Rate 9.46%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Insecticides, Fungicides, Chemicals and Non-chemicals
  • Crop
    • Corn, Soybean, Wheat, Canola and Others
  • Function
    • Seed Protection and Seed Enhancement
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Syngenta AG
  • Bayer AG
  • BASF SE
  • DowDuPont Inc.
  • FMC Corporation
  • Nufarm Limited
  • Monsanto Company
  • Platform Specialty Products Corporation
  • Sumitomo Chemical Co., Ltd.
  • UPL Limited
  • Adama Agricultural Solutions Ltd.
  • Arysta LifeScience Corporation
  • Corteva Agriscience
  • Germains Seed Technology
  • INCOTEC Group BV
  • International Seed Group Inc.
  • Morflora
  • Precision Laboratories, LLC
  • Valent BioSciences LLC
  • Verdesian Life Sciences
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Seed Treatment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Seed Treatment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Seed Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Seed Treatment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Seed Treatment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Seed Treatment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Seed Treatment Market size was valued at USD 10.73 billion in 2021 and is poised to grow from USD 13.4 billion in 2022 to USD 26.84 billion by 2030, growing at a CAGR of 9.46% in the forecast period (2023-2030).

The seed treatment industry is highly competitive in nature as a result of the large variety of global players involved. To increase their revenue, these companies are eager to expand into new markets. In an effort to keep up with the increasing consumer appetite for their goods, major manufacturers engage in a variety of operations like mergers and acquisitions, joint ventures, and growth activities. By these initiatives, companies also seek out additional potential customers whilst keeping the least potential distribution costs. 'Syngenta AG', 'Bayer AG', 'BASF SE', 'DowDuPont Inc.', 'FMC Corporation', 'Nufarm Limited', 'Monsanto Company', 'Platform Specialty Products Corporation', 'Sumitomo Chemical Co., Ltd.', 'UPL Limited', 'Adama Agricultural Solutions Ltd.', 'Arysta LifeScience Corporation', 'Corteva Agriscience', 'Germains Seed Technology', 'INCOTEC Group BV', 'International Seed Group Inc.', 'Morflora', 'Precision Laboratories, LLC', 'Valent BioSciences LLC', 'Verdesian Life Sciences'

Seed treatment provides a more affordable alternative to a number of other crop security mechanisms and is expected to significantly expand the global seed treatment industry. The need for healthy saplings from each and every seed and high yields, as well as the growing demand for high-efficiency seed chemicals, are the industry's driving forces. Demand is also growing as a result of the increased demand for techniques that can boost crop yields at an attractive cost.

The global market for seed treatments is growing as a consequence of the increasing popularity of hybrids and genetically modified seeds. Due to heightened regulatory concerns over fumigation and foliar pesticide use, farmers are increasingly considering seed treatment to protect investments made in high-quality seeds.

The industry was dominated by Asia Pacific in 2022, and generated more than 32.0% of the overall revenue. The region is anticipated to continue growing at a steady Rate and maintain its dominance during the forecast period. The region's prosperity is linked to increased agricultural activity and high crop demand from major nations like the United States and European nations. ​

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Global Seed Treatment Market

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