Market Scenario
Global Seed Treatment Market is expected to register a CAGR of 9.27% from 2019 to 2024 and reach USD 9.58 billion by the end of 2024. Seed treatment is a process of applying chemical ingredients or biological products to seeds for protecting crops from seed-borne or soil-borne diseases. Seed treatment provides various benefits to farmers such as early germination of seedling, resulting in the early establishment of the crop. Seed treatment helps to prevent the wastage of injured and diseased seed, as they can be used after subjecting to proper treatment, which is driving the growth of the global seed treatment market.
Competitive Analysis
Some of the manufacturers operating in the Global Seed Treatment Market are Bayer (Germany), Monsanto (U.S.), Syngenta (Switzerland), BASF SE (Germany), DowDuPont (U.S.), FMC (U.S.), Sumitomo Chemical (Japan), Arysta LifeScience (U.S.), INCOTEC (Netherlands), Nufarm (Australia), UPL (India), and Germains (U.K).
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Market Segment
Global Seed Treatment Market is segmented based on the type, application, active ingredients, method, and region.
Different types of seed treatment include seed disinfection, seed disinfestation, and seed protection. Disinfection is the eradication of fungal spores that grow within the seed coat, and the fungicidal treatment must be penetrated deep into the seed to the kill the fungus. Seed disinfestation refers to the destruction of surface-borne organisms that contaminate the seed surface but not infect it. Chemical dips, soaks, and fungicides applied as dust or slurry are some of the successful ways used for seed disinfestation. Seed protection is used for protection of seeds and the young seedling from organisms in the soil that may decay the seed even before germination. The seed protection is the leading segment due to their effective results and limited crop losses from pest attacks.
Among the applications used for seed treatment, seed dressing is the most commonly used procedure due to the low cost and ease of application. These dressings can be applied both at farm and industries. In seed dressing, pesticides can be mixed with seeds or sprinkled over them. The mixing can be done by using low-cost earthen pots, or they can be spread on a polyethylene sheet, and pesticides can be sprinkled over the seed lot. Seed coating requires advanced treatment technology and is therefore carried out at the industry where a special binder is used with a formulation to enhance adherence of the seed. Seed pelleting is the most expensive application and requires specialized machinery and techniques, which are used to change the physical shape of the seed to enhance palatability and handling.
Global Seed Treatment Market is segmented by the active ingredients into insecticides, fungicides, bactericides, and others. The insecticides account for major market share due to the high performance of organophosphates in insect prone regions. Some of the commonly used insecticides are chlorpyrifos, diazinon, lindane, imidacloprid, and others. Climatic conditions that favor fungal growth is likely to drive the demand for fungicides such as captan, carboxin, fludioxonil, pentachloronitrobenzene, and others.
Among the various methods, the biological seed treatment is leading the market due to the toxic effects of the chemicals and associated environmental health issues. The increasing adoption of sustainable agricultural practices across the globe is expected to drive the demand for biological seed treatment over the review period 2018-2024.
Regional Analysis
Regionally, the global seed treatment market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific dominated the market with a major market share in 2017 due to the presence of agricultural driven countries such as India, China, Thailand, Malaysia, and others.
North America accounted for the second largest market share due to the extensive production of crops such as barley, corn, cotton, oats, peanuts, rice sorghum, soybeans, and wheat in this region.
The European region is likely to witness a significant growth owing to the rising demand for organic food products to drive the demand for seed treatment in the region.
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