Seed Treatment Market, By Treatment (Insecticides, Fungicides, Nonchemical treatments, and Others), By Crop Type (Corn/Maize, Soybean, Wheat, Canola, Cotton, and Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) is estimated to be valued at US$ 16.06 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 9.5% during the forecast period (2024 – 2031), as highlighted in a new report published by Coherent Market Insights.
Seed treatment is the process of treating seed by applying biological, physical, and chemical agents to plant in order to enhance crop productivity. Seed treatment helps in the prevention of soil- and seed-borne disease and also reduces the germination time. Neonicotinoids are the most commonly used insecticides for the seed treatment application.
Global Seed Treatment Market - Impact of Coronavirus (Covid-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly and had a serious negative impact on the economies, social behaviours, and healthcare of every country in the world.
Global seed treatment market has been significantly impacted by the COVID-19 pandemic. Discretionary references such as sunglasses are expected to suffer the most due to their non-essential nature, higher than average unit price, and seasonality, which has diminished consumer demand. The industry has also experienced disruptions across manufacturing, distribution, and consumption, by exposing inefficiencies and acting as a catalyst for the rapid deployment of digitalization. The impact of COVID-19 on the seed treatment market has been felt across the whole value chain, including supply chain, transportation, and labour, creating a domino effect on the market.
Global Seed Treatment Market: Recent Developments
- In May 2022, Bayer AG, a global enterprise with core competencies in the life science fields of healthcare and agriculture, launched Routine Start, a new seed treatment solution to safeguard early-season rice seeds from rice blast fungus and to enhance crop productivity and resource effectiveness for rice farmers.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Seed Treatment Market”- Forecast to 2031, Global Seed Treatment Market, By Treatment (Insecticides, Fungicides, Nonchemical treatments, and Others), By Crop Type (Corn/Maize, Soybean, Wheat, Canola, Cotton, and Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Link: https://www.coherentmarketinsights.com/market-insight/seed-treatment-market-1397
Key Takeaways of the Global Seed Treatment Market
- Global seed treatment market was valued at US$ 16.06 Bn in 2024 and is forecast to reach a value of US$ 30.28 Bn by 2031 at a CAGR of 9.5% between 2024 and 2031
- Major players operating in the global seed treatment market include Syngenta, Bayer CropScience AG, Monsanto, BASF, Advanta India Ltd, Dow Agro Sciences, DuPont, Nufarm Ltd., Chemtura Agro Solutions, and Sumitomo Chemical Co. Ltd.
- Key market players operating in the seed treatment market are focusing on various strategies such as mergers & acquisitions in order to strengthen their market presence and expand their product portfolio
