In 2016, the global seed treatment market was valued at US$ 19,276.9 million and is expected to reach US$ 36,957.1 million by 2025, witnessing a CAGR of 7.81% over the forecast period (2017 - 2025), according to Seed Treatment Market Report, by Crop Type (Cereals & Grains, Sugar Beets, Alfalfa, Oil Seeds, Sugarcane, and Vegetables), by Treatment Type (Chemical Treatment and Non-chemical Treatment), by Application (Insecticides, Fungicides, Herbicides, Fertilizers, and Bio-Control) published by Coherent Market Insights. The biological or chemical substances that are applied to seeds or vegetative propagation materials to control the disease insects, organisms or pests are defined as seed treatment. The low cost crop protection solution and increasing world population coupled with increasing demand for food are some of the factors driving growth of the seed treatment market. Feeding the growing population is one of the challenges faced by the world coupled with declining agricultural land owing to soil erosion, higher salinity levels, and increasing urbanization. The utilization of seed treatment has been associated with increasing yield. According to the United Nations, the world population is expected to increase from 7.6 billion in 2017 to 9.8 billion in 2050.
However, limited protection and low shelf life of the treated seeds are factors restraining the market growth.
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Key Trends and Analysis of the Seed Treatment Market:
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