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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Seed Treatment Market Analysis by Region
Asia Pacific leads the market due to region’s large cultivation areas and high spread of crop infestations
The Asia Pacific region is the largest market for seed treatment globally due to increasing crop infestations in the early growth stages by seed and soil-borne diseases in major crops like cereals, which have larger cultivation areas in the region. Additionally, the proliferation of no-tillage and monoculture farming practices in the region has led to the spread of various insect pests like wireworms, rootworms, and weevils, increasing the demand for insecticide seed treatments.
Moreover, major players like Syngenta Group, Bayer CropScience, and BASF are expanding their footprint in APAC seed treatment market. For instance, Syngenta Group announced plans to expand its seed treatment product offerings and R&D activities in the Asia Pacific region in 2022.
Meanwhile, the North American market is anticipated to witness a healthy growth in the forecast period, driven by the increasing farming activities. The region’s growth is further attributed to the region’s focus on sustainable agriculture and robust research and development activities. Additionally, government initiatives such as the Sustainable Agriculture Research and Education (SARE) program support the growth of the market.
Seed Treatment Market Report Snapshots
Seed Treatment Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the seed treatment market reached an approximate value of USD 10.20 billion.
The market is expected to grow at a CAGR of 9.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 23.48 billion by 2032.
The major drivers of the market include rising awareness regarding innovative agricultural methods, growing demand for forage and fodder crops, and rising awareness among farmers about the benefits of seed treatments.
Key trends aiding market expansion include the growing need to protect seeds from various types of infestations, increasing growth of high-value crops, and rising popularity of biological seed treatment.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of seed treatments in the market are synthetic and biological, with synthetics further divided by type into fungicides, and insecticides, among others, while biological is divided by type into bio pesticides, bio fertiliser, and bio stimulants.
The primary functions of seed treatments in the market are seed protection and seed enhancement.
The various crop types in the market for seed treatment are cereals, oilseeds, and fruits and vegetables, among others.
Key players in the market are Bayer CropScience, Syngenta AG, BASF SE, Corteva, FMC Corporation, Incotec, Nufarm US, UPL Ltd., Solvay S.A., Eastman Chemical Company, Novozymes, Verdesian Life Sciences, ITALPOLLINA S.p.A., Croda International plc, Germains Seed Technology, Certis Europe, Lanxess AG, Sumitomo Chemical Co., Ltd., Precision Laboratories, LLC, BioWorks, Inc. , Pro Farm Group, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Valent BioSciences LLC, Albaugh LLC, and Rizobacter Argentina SA, among others.
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