Seed Treatment Market Size, Growth, Demand, Emerging Trends, Investment Opportunities and Forecast SPER Market Research
According to SPER Market Research, the Seed Treatment Market is the agricultural practice of treating seeds with various chemicals, biologicals, or physical agents before planting to improve their performance and protect them from diseases and pests. The treatment is typically applied to the surfaces of the seeds or embedded in the seed coating or hull. Seed treatment aims to improve seed germination, plant growth, and yield, resulting in more productive and environmentally friendly agriculture. Seed treatments may also reduce the need for other types of chemical applications, resulting in fewer environmental consequences and lower farmer costs. Companies that manufacture and sell seed treatment products such as fungicides, insecticides, herbicides, and micronutrients, as well as seed treatment equipment and services, make up the seed treatment market. The key factors propelling the growth of the seed treatment market are the growing demand for low-cost crop protection solutions, the need to increase crop yield and quality, the need to maintain the minimum residue limit in food products, advancements in seed treatment equipment, the rising costs of high-quality seeds like hybrid and GM seeds, the advantages of seed treatment, and the rapidly declining agricultural land. Also, this market is predicted to have considerable potential due to the growing emphasis on integrated pest management, the adoption of biological seed treatment, and the advent of biodegradable seed coatings. Farmers are now required to protect these novel traits in order to ensure proper germination and crop productivity due to newly introduced varieties' embedded innovative traits and the dramatic recent increase trend in product prices. The traditional way of applying synthetic pesticides through the process of foliar treatment has helped to reduce the number of pests, insects, and illnesses.
Seed Treatment Market Overview:
- Forecast CAGR (2022-2032): 8.52%
- Forecast Market Size (2032): 13.82 billion
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.
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.
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Seed Treatment Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
Global Seed Treatment Market Segmentation:
By Type: Based on the Type, Global Seed Treatment Market is segmented as; Chemical, Non-Chemical
By Application Technique: Based on the Application Technique, Global Seed Treatment Market is segmented as; Dressing, Coating, Pelleting, Others
By Function: Based on the Function Global Seed Treatment Market is segmented as; Seed Protection, Seed Enhancement.
By Crop Type: Based on the Crop Type Global Seed Treatment Market is segmented as; Cereals & Grains, Oilseed & Pulses, Fruits & Pulses, Others
By Region: Geographically, North America is anticipated to hold the greatest market share for seed treatments in previous year. The significant market share held by North America is linked to the region's expanding domestic and international markets for high-yielding, disease-tolerant crops. Additionally, elements like a well-organized supply chain for crop protection chemicals, the accessibility of water and land, entrepreneurial farmers, rising awareness of environmentally friendly crop production methods, and the presence of numerous stakeholders all contribute to the expansion of this market in the area.
Additionally, changing climatic conditions, flexibility in sowing techniques, increased pressure from regulatory requirements, and advancing agronomic trends—which include the development of high-quality seeds through the enhanced potential offered by genetically modified organisms (GMOs)—support the growth of this regional market. Nonetheless, during the anticipated period, the East Asian market is anticipated to increase at the highest rate. This regional market is expanding as a result of factors like expanding farm sizes, rising consumer demand for high-yield crop goods, rising organic crop production in the region, particularly in China & Japan, and expanding government & organisation assistance for improving crop cultivation.
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