Market Overview:

The global seed treatment market was worth USD 7447.8 million in 2019 and is expected to register a CAGR of 10.27% throughout the forecast period (2019-2024) to reach USD 12142.69 million by 2024. In 2019, Europe was the most significant geographical sector of the seed treatment market and accounted for around 33.2% of the overall revenue. By application techniques, seed dressing is the most prominent segment and registered a 37.3% share of the global market in 2019. 

Market drivers and restraints:

The high price associated with hybrids and genetically modified seeds is one of the crucial factors that drive the growth of the seed treatment market around the world. Seed treatment is being growingly considered by farmers as a mode to protect investments made on edible quality seeds, because of the increase in regulatory factors relating to fumigation, as well as the foliar application of pesticides. Replanting of seeds, because of poor germination and insect attack is costly, which can limit its adoption. 

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Report segmented as:

By application:

Chemical
Non-chemical
By function:

Seed protection
Seed enhancement
others
Geographical analysis:

In 2019, Europe witnesses the biggest share in the world seed treatment market and Spain had the highest sale in Europe, followed by France, Germany, and Russia. Most of the organic produce in Spain is used for export to other European countries, and rising demand for the organic farming market in Europe is increasing the need for the non-chemical seed treatment products. Ban on GMO seeds, demand for higher yield, and the government’s discouragement in use of chemical products are encouraging the use of the biological seed treatment products in this region. 

Important market players:

Syngenta, Bayer CropScience and BASF are the top three players in the global seed treatment market. Other major players include Monsanto, BioWorks Inc, Valent USA Corp, Adama Agricultural Solutions Ltd, Advanced Biological Marketing Inc, Brettyoung Limited, Chemtura Agrosolutions, Dupont and Germains Seed Technology.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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