North America Maize Seed Treatment Market by Chemical Origin (Synthetic and Biological), Product Type (Insecticides, Fungicides, and Others), Application (Farm-level and Commercial), and Geography (United States, Canada, and Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

The North America maize seed treatment market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand to improve crop production and quality.

Seed treatment is the process of coating seeds with chemicals or biological organisms to protect them from plant diseases, insects, or other pests that attack seeds, seedlings, or plants. It also enables seed enhancement by enhancing post-harvest performance and conditioning seeds prior to planting. Improved agricultural materials are required to fulfill growing population's food need. Over the last few decades, there have been numerous initiatives to improve agricultural yields using novel technologies such as seed treatment. Seed treatment allows accurate product application in the field, resulting in high levels of pest and disease protection while reducing crop protection agent exposure to humans and environment.

The Covid-19 pandemic affected the demand and supply of North America maize seed treatment market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing need for high crop yields is projected to fuel the market during the forecast period.
• Increasing urbanization is estimated to hamper the market expansion.
• Lack of awareness act as major challenge that can restrict the market expansion in the coming years.
• High cost of the product is estimated to hinder the market growth.
• R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.

Scope of the Report

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

Market Segment Insights

The biological segment is projected to hold a major market share

Based on chemical origin, the North America maize seed treatment market is bifurcated into synthetic and biological. The biological segment is expected to represent a key share of the market during the forecast period. Consumers are altering their preferences toward organic products as awareness of the harmful impact of chemicals on health has increased. This has resulted in  rising production of organically produced crops, as well as the use of biological seed treatment to help plants develop fast. Organic agricultural land in North America accounted for 3.2 million hectares in 2017, or 0.8 % of total agricultural land, according to the research institute of organic agriculture (FiBL).

Companies in the studied market are engaging in research and development operations to offer biological seed treatment solutions in response to shift in agricultural practices toward organic.

The insecticide segment is expected to grow at a rapid pace

On the basis of product type, the North America maize seed treatment market is segregated into insecticides, fungicides, and others. The insecticide segment is expected to represent a key share of the market during the forecast period. Insecticides are poisonous substances that are used to kill insects. Ovicides and larvicides are insecticides that are used to kill insect eggs and larvae. Insecticides are used in agriculture, medicine, industry, and consumers. It assists in the control of infections and diseases transferred through soil and seed. It also boosts crop yields, reduces germination time, and boosts total output. Neonicotinoids are presently the most frequently utilized insecticides for seed treatment.

The commercial segment is anticipated to register rapid CAGR

In terms of application, the North America maize seed treatment market is bifurcated into farm-level and commercial. The commercial segment is expected to represent a key share of the market during the forecast period. Commercial maize hybrids are becoming increasingly popular across the world, and over the past two decades, North America has been producing commercial maize hybrids. The market for commercial uses of maize seed treatment products has also benefited from increasing number of seed firms producing maize hybrids.

Canada is expected to dominate the market

On the basis of geography, the North America maize seed treatment market is classified as United States, Canada, and Mexico. Canada is anticipated to dominate the market during the forecast period. The government has backed farmers who are becoming aware of the benefits of seed treatment. Seed treatments are encouraged by a number of legislation and government bodies. Seeds treated with seed treatment chemicals, according to the USDA, enhance the marketability of seeds and enable firms grow into new markets. As a result, the USDA requires that all commercially accessible seeds be treated before being sold on a large scale. Furthermore, neonic seed treatments have a negative influence on the ecosystem, particularly pollinators, which have resulted in legislative limitations in North America.

Segments

Segments Covered in the Report

The North America maize seed treatment market has been segmented on the basis of

Chemical Origin

• Synthetic
• Biological

Product type

• Insecticides
• Fungicides
• Others

Application

• Farm-level
• Commercial

Geography

• United States
• Canada
• Mexico

Key Players

• UPL Ltd.
• Syngenta AG
• BASF SE
• Adama Agricultural Solutions
• Bayers Cropscience

Competitive Landscape

Key players competing in the North America maize seed treatment market include UPL Ltd., Syngenta AG, BASF SE, Adama Agricultural Solutions, and Bayer’s Crop science.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.