Global Chemical Seed Treatment Market

Chemical Seed Treatment Market Outlook 2031

The global chemical seed treatment market size was USD 6.70 Billion in 2022 and is expected to reach USD 10.22 Billion by 2031 register at a significant CAGR 4.8% during the forecast period, 2023-2031. The growth of market is attributed to growing awareness amongst the farmers and supportive government policies and campaigns initiatives regarding the use of seed treatment.

During the crisis multiple seed banks were being managed by the governments of the nations, at the country as well as on district levels, in order to manage those seeds which are chemically treated, thus preventing seeds from rotting.

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Seed treatment is generally opted by the farmers to protect their investment made on high quality seed, due to increase in foliar application of pesticides and issues regarding fumigation. With the increasing demand of high quality seeds it is anticipated that the cost of seed will spike up eventually, both legal authorities and the growers agrees on investing in seed treatment in order to acquire high quality seeds.

The impact of COVID-19 pandemic on the seed treatment segment has been minimal, owing to the transportation barrier, where the lockdown created a disruption in most of the industries, all the agricultural activities are exempted from it, and thus corona virus outbreak had no such effect on the segment.

For the agrochemical companies COVID impacted in a positive manner as their profits skyrocketed almost in double-digits, due to panic purchase from farmers.

Chemical Seed Treatment Market Trends, Drivers, Restraints, and Opportunities

• Increasing favorable government policies and initiative towards the use of seed treatment is estimated to boost the market during the forecast period.
• The COVID-19 impact and panic buying behavior of the farmers is expected to spur the market during the projected period.
• Rising awareness among the farmers to secure investment on high quality seeds is anticipated to propel the market in the coming years.
• Increasing demand for high quality seeds, with desired agronomic traits is expected to spike the market during the forecast period.
• High cost involved with hybrid and genetically modified seeds are estimated to fuel the market during the projected period.
• Limited shelf life of treated seeds act as major factor that hinders the market growth.
• R&D and technological advancement towards innovative product developments offers immense opportunities for the key players in the market.

Scope of The Chemical Seed Treatment Market

The report on global chemical seed treatment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Chemical Seed Treatment Market Segment Insights

The other chemical, pesticide segment is expected hold key share of the market

 Based on the applications, the market is segregated into fungicides, insecticides, and other chemicals. The other chemical, pesticide segment is expected hold key share of the market in the coming years owing to improves the growth behavior of crops, higher crop yield, easy to store, easily available, reduces overall work of the farmers, and increases visibility are some of the factors contributing in the market growth.

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The rice segment is estimated to constitute a large share of the market

On the basis of crops, the market is categorized into rice, canola, cotton, soybean, wheat, and corn/maize. The rice segment is estimated to constitute a large share of the market due to the increasing consumption of rice in Middle East & West Africa gaining popularity as a primary source of calories and food staple, the improved crop yield, and increased use in the food-related applications are some driving factors of the segment. 

The soybean segment is expected to register a considerable CAGR during the forecast period owing to the increasing practice of soybean seed treatment to increase crop yield. Soybean is widely utilized in a variety of culinary dishes and as feed for poultry. Additionally, an increase in the use of soybean in dairy products can drive the segment.

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The Asia Pacific segment is anticipated to dominate the market

In the term of regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the projected period owing to increased agricultural activities and demand for quality agricultural produce is expected to drive the seed treatment segment within the region.

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Segments

The global chemical seed treatment market has been bifurcated on the basis of

Applications

• Fungicides
• Insecticides
• Other Chemicals

Crops

• Rice
• Canola
• Cotton
• Soybean
• Wheat
• Corn/Maize

Regions

• Asia Pacific
• Europe
• North America
• South America
• Middle East and Africa

Key Players

• BASF SE
• Corteva Agriscience
• Adama Agricultural Solution Ltd
• Bayer CropScience AG
• Syngenta International Ag.

Competitive Landscape

Key players competing in the global chemical seed treatment market include BASF SE; Corteva Agriscience; Adama Agricultural Solution Ltd; Bayer CropScience AG; Syngenta International Ag.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

• In May 2020, Syngenta announced TYMIRIUM TM technology brand with new active ingredients for seed treatment and soil applications with improved soil profile for sustainability.