The North America soybean seed treatment market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.3% during 2023–2031. The growth of the market is attributed to the rising local and worldwide demand for soybeans.
Crop protection chemicals or agrochemicals designed particularly for seeds, as well as genetically modified (GM) crop-seeds, make up the seed treatment business. In terms of market share and product innovation, the crop protection chemical industry is the most dominant category in this industry.
Insecticides, fungicides, bio-control seed treatments, and other seed treatment chemicals make up the seed treatment market. According to the US Department of Agriculture, the US is a prominent soybean grower, followed by Canada.
The Covid-19 pandemic has had a modest impact on the seed treatment business. The government state bodies has had exempted all types of agricultural enterprises from the impact of lockdowns or disruption. Moreover, the relaxation in restrictions is estimated to drive the growth of the market.
Market Trends, Drivers, Restraints, and Opportunities
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Increase seedling diseases such as Pythium and Phytophthora is projected to drive the market.
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Crop with a higher risk of pest infestation and challenges for farmers to achieve high yield for farmers is anticipated to foster the market.
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Lack of unified government standards for treated seed and seed treatment active ingredient registration can hinder the market.
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Soybean is used feed for poultry & dairy production, and also utilized in a variety of culinary dishes, which is estimated to spur the market growth.
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Growing awareness about soybean seed treatment is estimated to propel the growth of the market.
Scope of North America Soybean Seed Treatment Market Report
The report on the North America soybean seed treatment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Soyabean Seed Treatment Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Chemical Origin (Synthetic and Biological and Applications (Commercial and Farm Level)
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Regional Scope
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The US, Canada, Mexico, and Rest of North America
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Report Coverage
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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
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BASE SE.; Syngenta.; Bayers Cropscience.; UPL Limited.; and Adama
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North America Soybean Seed Treatment Market Segment Insights
Biological segment is expected to grow at a rapid pace
Based on chemical origin, the North America soyabean seed treatment market is bifurcated into synthetic and biological. The biological segment is expected to grow at a rapid pace during the forecast period as these seed treatment created from sustainable resources and contain natural active components.
The biological seed treatment refers to the bio-based seed treatment. When compared to chemical seed treatments, these seed treatments have little to no detrimental influence on the environment, the workforce, or consumer safety.
Commercial segment is projected to expand at a considerable CAGR
On the basis of applications, the market is segregated into commercial and farm Level. The commercial segment is projected to expand at a considerable CAGR during the forecast period as soybean is a versatile crop that may be used for food, feed, and fuel.
Soybean is mostly used as a feed for poultry & dairy production, and also used in a variety of culinary dishes. Farmers in the region are pushed to produce bigger volumes of soybean year after year in order to fulfil domestic and worldwide demand.
The US is anticipated to constitute a key market share
In terms of regions, the North America soyabean seed treatment market is classified as the US, Canada, Mexico, Rest of North America. The US is expected to constitute a key share of the market during the projected period due to rising prevalence of seedling diseases such as Phytophthora & Pythium are the most serious hazards to soybeans. On the other hand, the market in Mexico is estimated to grow at a steady rate in the coming years.
Segments
The North America soyabean seed treatment market has been segmented on the basis of
Chemical Origin
Applications
Regions
- The US
- Canada
- Mexico
- Rest of North America
Key Players
Competitive Landscape
Key players competing in the North America soyabean seed treatment market include BASE SE.; Syngenta.; Bayers Cropscience.; UPL Limited.; Adama. Some of these players are adopting various strategies, such as partnerships, acquisitions, and product launches to gain a larger share in the market. The soyabean seed market is fairly consolidated, with the top players controlling majority of market share.