Chemical Seed Treatment Market Size, Share & Trends | 2031
Chemical Seed Treatment Market Size, Share & Trends | 2031
Segments - Global Chemical Seed Treatment Market by Applications (Fungicides, Insecticides, and Other Chemicals), Crops (Rice, Canola, Cotton, Soybean, Wheat, and Corn/Maize), Regions (Asia Pacific, North America, Europe, South America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-3177
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Report Description
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.
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.
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Attributes |
Details |
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Report Title |
Chemical seed treatment market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Application (Fungicides, Insecticides, and Other Chemicals), Crop (Rice, Canola, Cotton, Soybean, Wheat, and Corn/Maize) |
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Regional Scope |
Asia Pacific, North America, Europe, South America, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
BASF SE; Corteva Agriscience; Adama Agricultural Solution Ltd; Bayer CropScience AG; Syngenta International Ag. |
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.
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.
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.
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.
Frequently Asked Questions
Opportunities include R&D and technological advancements for innovative product development.
Major companies include BASF SE, Corteva Agriscience, Adama Agricultural Solution Ltd, Bayer CropScience AG, and Syngenta International AG.
A major restraint is the limited shelf life of treated seeds, which can hinder market growth.
Asia Pacific is anticipated to dominate the market due to increased agricultural activities and demand for quality produce.
The rice segment is estimated to constitute a large share of the market, driven by increased consumption in regions like the Middle East and West Africa.
The 'other chemicals, pesticide' segment is expected to hold a key share due to its benefits like improved crop growth, higher yield, easy storage, and availability.
The impact of COVID-19 on the seed treatment segment was minimal, as agricultural activities were largely exempt from lockdowns. Agrochemical companies even saw increased profits due to panic buying by farmers.
Key growth drivers include increasing awareness among farmers, supportive government policies, rising demand for high-quality seeds, and high costs associated with hybrid and genetically modified seeds.
The chemical seed treatment market is projected to grow at a CAGR of 4.8% during the forecast period 2023-2031.
The global chemical seed treatment market is expected to reach USD 10.22 billion by 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Chemical Seed Treatment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Chemical Seed Treatment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Chemical Seed Treatment Market - Supply Chain
4.5. Global Chemical Seed Treatment Market Forecast
4.5.1. Chemical Seed Treatment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Chemical Seed Treatment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Chemical Seed Treatment Market Absolute $ Opportunity
5. Global Chemical Seed Treatment Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Chemical Seed Treatment Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Chemical Seed Treatment Demand Share Forecast, 2019-2026
6. North America Chemical Seed Treatment Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Chemical Seed Treatment Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Chemical Seed Treatment Demand Share Forecast, 2019-2026
7. Latin America Chemical Seed Treatment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Chemical Seed Treatment Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Chemical Seed Treatment Demand Share Forecast, 2019-2026
8. Europe Chemical Seed Treatment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Chemical Seed Treatment Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Chemical Seed Treatment Demand Share Forecast, 2019-2026
9. Asia Pacific Chemical Seed Treatment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Chemical Seed Treatment Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Chemical Seed Treatment Demand Share Forecast, 2019-2026
10. Middle East & Africa Chemical Seed Treatment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Chemical Seed Treatment Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Chemical Seed Treatment Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Chemical Seed Treatment Market: Market Share Analysis
11.2. Chemical Seed Treatment Distributors and Customers
11.3. Chemical Seed Treatment Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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