Seed treatment market has been significantly growing owing to the increasing need for a sustainable approach in agricultural operations
The seed treatment market has been growing at a significant rate with the increasing need for a sustainable approach in agricultural operations. Rising global population is leading to a rise in need for food security in various countries across the globe. This factor is fuelling the market growth. Further, players operating in the market are focusing on research and development activities and new product developments, such as compatible combinations of biological and chemical components. All these factors are expected to drive the market growth during the forecast period. The vegetables and fruits segment is expected to held the significant share of the market during the forecast period. With the growing production and consumption of fruits and vegetables, the demand for various seed treatment products is growing. In addition, an increasing demand for organic fruits and vegetables is driving the growth for biological seed treatment products. Further, other segments such as cereals and grains, and oilseeds and pulses are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into crop type, function, application, and geography. By crop type, the market is further segmented into cereals and grains, oilseeds and pulses, vegetables and fruits, and others. On the basis of function, the market is segmented into seed protection and seed enhancement. By application technique, the market is categorized into coating, pelleting, dressing, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
High demand for biodegradable and environment friendly seed treatment products
Increasing use of chemical seed treatment products have resulted in significant environmental impact. With this, the seed treatment manufacturers are developing sustainable solutions. Owing to the rising consumer awareness regarding healthy food consumption with minimum environment impact, the demand for biodegradable and environment friendly seed treatment products is growing. The use of biocontrol agents and their applications as seed treatments alone or in combination with synthetic pesticides is getting a huge interest and opening new perspectives in the seed industry.
High demand for seed coating products
The growth and development of the plant as a whole depends upon the performance of the seed. Seeds when treated with various materials helps to improve the performance prior to sowing. Seed coating technique is more farmer friendly and environment friendly way for improving the yield and quality of crops. It does not hamper the genetic make-up. The growing population globally has resulted in increasing demand for food and the need to enhance agricultural productivity. With this, the demand for seed coating products is also increasing.
Recent strategic developments in seed treatment market
The seed treatment market has undergone several significant developments, and a few of these have been mentioned below:
The seed treatment market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Bayer AG, BASF SE, Corteva, Syngenta, and Nufarm US are among the prominent players operating in the market.
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Scope of the report:
In this report, the market has been segmented on the basis of: