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Burgeoning Demand for GMO & Hybrid Seeds along with Organic Trend are Augmenting the Seed Treatment Market Growth

Feb 24th 2020 at 11:24 PM

The emerging technology of seed coatings with chemicals that are typically antimicrobial and fungicidal is disrupting the Seed Treatment Market. This technology is cost-effective with the potential to boost cereal crop germination rates in water repellent soils. Recently, it has also been experienced that seed coating contains surfactant and fungicides that reduces the water tension and provides higher agronomic efficiency by improving the wetting of the seeds. Thus, seed coating plays an essential role in the timely supply and rapid multiplication of crop at a lower price. Additionally, the adoption of genetically modified and hybrid crops coupled with innovative farming technique stimulates the development of the demand for seed coatings in the seed treatment market. This growth is particularly seen in the regions, where the agriculture sector is the major contributor to the overall economy.

Thus, the global seed treatment market size assessed at $6.2 billion in 2018, and the demand for the same is poised to grow at a CAGR of 8.9% during the forecast period 2019-2025.

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The global food demand by 2050 will require a 75% increase in global food production as compared to the current scenario. This responsibility of delivering more nutritious and high yield crops is influencing the further growth in the seed treatment market. In order to safeguard the seeds from harmful pathogens, seed treatment is done in horticulture as well as in agriculture.  Furthermore, seed treatment products maximize the early growth of plants and seedling establishment that results in the increased forage yields. Also, this treatment is not harmful to beneficial organisms of agriculture, such as earthworms. Thus, the increasing need for seed treatment is driving the growth of the market globally.

Regional Analysis and Key Segment Analysis

North America is leading the global seed treatment market with a regional share of 38% in 2018. More than 210,000 cases were filed in the United States in 2018 related to the key issues impacting the seed industry. However, the association actively took an initiative to resolve most of the cases that were filed by the manufacturers and the farmers.  This gave rise to the increasing demand for seed treatment among the farmers in the region. Furthermore, the United States is the engine that is driving the growth of the seed treatment market in North America. Owing to the greater adoption of technology in the agriculture sector, the country is escalating the demand for seed treatment methods. Similarly, the increasing demand for organic food products from the people in the region is expected to seek growth in the market.

Growth Drivers of the Seed Treatment Market

Increase in High-Quality Seeds Demand

The genetically modified (GM) and hybrid seeds are the high-quality seeds that have a huge demand in the seed treatment market. To protect the investments made on these quality seeds, is through seed treatment due to an increase in the issues related to fumigation and foliar application of pesticides. Seed treatment is considered as the most effective solution for the farmers as good quality seeds lead to better produce. Moreover, the GM seeds are fairly expensive as compared to the other seeds and are treated with chemicals and biological treatments, however, there is an increase in the cultivation of GM crops, which is subsequently affecting the growth of the seed treatment market.

Growing Awareness Regarding Health in Consumers

The growing concerns regarding health amongst consumers are driving the demand for organic fruits and vegetables. Additionally, the increasing need to improve crop yielding requires advanced seed treatment machines. With the continuous development in the technology, the farmers are adopting novel seed treatment method, which in turn is boosting the seed treatment market. Moreover, new seed treatment procedures also help in maintaining the quality of soil and seed-borne infections and diseases. Thus, this procedure helps in improving the overall productivity of the crop and reducing seed germination time. Therefore, these factors are contributing to the growth of the seed treatment market.

The Major Players in Seed Treatment Market

 

The key players in the seed treatment market are Incotec (Netherlands), Nufarm (Australia), UPL (India), and Germains (UK), Sumitomo Chemical (Japan), Arysta LifeScience (US), BASF (Germany), Dow AgroSciences (US), DuPont (US), FMC (US), Syngenta (Switzerland), Bayer AG, and The Monsanto Company. These companies have been continuously focusing on R&D investments, partnerships, JVs, and acquisitions to strengthen their portfolio of products.

Related Reports:

A. Biological Seed Treatment Market

B. Insecticide Seed Treatment Market

 

About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

Media Contact:

Mr.Venkat Reddy

Email: sales@industryarc.com

Phone: +1 970–236–3677

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