Global Seed Treatment Market is projected to reach USD 4.15 Billion by 2022, and also progress at a CAGR of 5% from 2020 to 2025.

Seed treatment plays a crucial role in improving the health of the crops, controlling soil and other seed-borne infections and diseases. In addition, it improves crop yield, shortens germination time and overall productivity. Today neonicotinoids are the most popular seed treatment insecticides on the market. Seed treatment has emerged as a cost-effective crop protection solution compared to conventional spraying, as it is more efficient and requires less labor.

Recent developments:

During October 2019, BASF introduced its fungicidal seed treatment, ILeVO, for canola growers in Australia. ILeVO is a very effective seed treatment for the management of black leg in canola.

In December 2018, BASF expanded its portfolio of soybean treatments with the launch of the Vault IP plus seed treatment and the Obvius Plus seed fungicide treatment, recently registered by the Environmental Protection Agency (EPA).

Market Drivers and Restrains:

Growing concerns about crop yields, crop protection, and productivity have dramatically increased spending on crop protection. Crop protection expenses can be significantly reduced through seed treatment the volume of chemicals required for seed treatment is comparatively less than for foliar or furrow fertilizer applications. Therefore, seed treatment is a more cost-effective approach than the use of cost-protected fertilizers or transgenic seeds, which is likely to drive the global seed treatment market during the outlook period. Natural disasters, including hurricanes, landslides, floods and other extreme weather conditions, can adversely affect the overall production of raw fruits and vegetables, negatively impacting the growth of the global seed treatment market. Consumption of organic food is a key trend in the market that is attributed to improved consumer lifestyle and increased disposable income. Growing awareness of the health benefits of food consumption is also expected to drive the growth of the seed treatment business. The growing popularity of fungicides and insecticides among farmers is also supposed to support the growth of the global seed treatment market. Distribution agreements and partnerships between major manufacturers are a major trend in the market that will further support this business growth.

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Market Segmentation:                                                                                           

The Seed Treatment market can be divided based on the Type, Application, Crop Type and Function. According to the type, the seed treatment market has been divided into chemical and non-chemical. The non-chemical segment is divided into biological and physical as well. In 2018, the chemical segment dominated the global market.

By application, the global seed treatment market has been divided into dressing, coating, granulation and others. The granulation segment is supposed to record the highest growth rate during the projection period.

On the basis of Function, the global seed treatment market is classified into seed protection and enhancement. The seed protection segment generated a larger share of the global seed treatment market revenue in 2018.

Based on the type of crop, the global seed treatment market is segmented into cereals and grains, oilseeds and legumes, fruits and vegetables, among others. In 2018, the cereals and grains segment accounted for the lion's share and is expected to maintain its dominance throughout the envisioned period.

Geographical Segmentation:

In terms of revenue, North America is considered to be the largest regional market, accounting for 42.5% of overall demand in the previous years. It is estimated to maintain its dominance during the forecast period due to growing demand for the agricultural industry. Europe is supposed to experience a CAGR of 8.9% in future, driven by increasing demand for organic food products. The Asia Pacific market is anticipated to show a CAGR of 10.6% between 2020 and 2025, due to ongoing developments in the agricultural industry and increased consumer awareness. Latin America is expected to record a significant CAGR of 10.3% due to the increase in population income.

Key market players:

Major players in the global seed treatment market include Bayer AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany), Sumitomo Chemical Co., Ltd (Japan), Nufarm (Australia), DuPont de Nemours, Inc . (US)), FMC Corporation (US), ADAMA Agricultural Solutions Ltd (China), Croda International Plc (UK) and UPL Limited (India).

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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