The global Chemical Seed Treatment Market is forecasted to grow at a rate of 10.3% from USD 9.50 billion in 2019 to USD 20.78 Billion in 2027. Growing research and development to increase crop yield and seed potential and rising demand in the agriculture sector for food grains are fueling the growth of the market. The treatment products provide many benefits such as the power to fight the early-season diseases and pests, which can affect the crop yield. The benefits have led farmers to minimize the use of pesticides and maximize the use of treatment products, which have boosted the market over the forecast period. Growing environmental and health concerns regarding chemical pesticides are driving people\'s preferences towards biological seed treatment, which is contributing to the growth of the global seed treatment industry.
As the population is directly proportional to appetite, it can be said that with the increase in population, there will be a growing appetite. The growing appetite clearly states the fact that agriculture will gain much more importance in the future. Improvements in the Agricultural sector is essential in order to maintain the stability of the global economy. Agricultural producers might face a lot of challenges in producing food for the entire population of the world as the number of arable acres is decreasing day by day. In order to meet the demand of the rising population, modern farming techniques are adopted by the farmers, which includes seed treatment. Seed treatment is the biological treatment applied to the seed before sowing it on the soil in order to protect it from pests or other pathogens.
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Some of the leading players in the global Chemical Seed Treatment Market:
Syngenta International AG, BASF SE, Bayer CropScience AG, ADAMA Agricultural Solutions, UPL Limited, DuPont, Monsanto Company, Germains Seed Technology, Sumitomo Chemical Co., Ltd and Nufarm Limited.
The key factors that drive the seed treatment product\'s market are its low-cost, scarcity of arable land, and the wide range of benefits provided by seed treatment. Both fertilizers and Crop protection are expensive and equally important for crop production. But these expenses can be reduced by applying seed treatment as less volume is required compared to foliar applications. The biological treatments are environmentally friendly and, at the same time, increase the crop yield and enhance the seed\'s quality. The treatment helps retain the uniform growth of the crop and be uniform in high or less moisture.
Soil and variations in climatic conditions play an essential role in the production of crops. The occurrence of natural calamities like floods or drought or landslides or extreme weather conditions might act as a barrier for crop production and can adversely affect the growth of the industry. The Government of several countries is imposing a ban on the usage of neonicotinoids as it is highly toxic to honeybees. The chemical treatments are also a threat to the environment, and thus the factors can have a negative impact on the industry.
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Chemical Seed Treatment Market Segmentation:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Chemical Seed Treatment (Insecticides, Fungicides, and others)
- Biological Seed Treatment (Biopesticides, Biofertilizers, and others)
Crop Type Outlook (Revenue, USD Billion; 2017-2027)
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Application Technique Outlook (Revenue, USD Billion; 2017-2027)
- Seed pelleting
- Seed Coating
- Seed Dressing
- Others
Function Outlook (Revenue, USD Billion; 2017-2027)
- Seed Protection
- Seed Enhancement
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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