Global Seed Treatment Market Size, Share, Growth Analysis, By Type(Insecticides, Fungicides), By Crop(Corn, Soybean), By Function(Seed Protection and Seed Enhancement) - Industry Forecast 2023-2030

Global Seed Treatment Market size was valued at USD 10.73 billion in 2021 and is poised to grow from USD 13.4 billion in 2022 to USD 26.84 billion by 2030, growing at a CAGR of 9.46% in the forecast period (2023-2030).

The global seed treatment market is witnessing substantial growth due to the increasing demand for improved crop yield and protection against pests and diseases. Seed treatment involves the application of chemicals, biological agents, or physical treatments to seeds before planting. It enhances seed quality, promotes early plant growth, and provides protection against soil-borne pathogens and insects. Factors such as technological advancements, growing awareness about sustainable farming practices, and the need for efficient crop protection solutions are driving the market's expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of Seed Treatment and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

The global seed treatment market is segmented based on type, crop, function, and region. Based on type the market is segmented into insecticides, fungicides, chemicals and non-chemicals. In terms of crop the market is segmented into corn, soybean, wheat, canola and others. With respect to function, the market is grouped into seed protection and seed enhancement. By region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

Seed treatment offers a cost-effective alternative to various methods of crop protection, leading to significant growth in the global seed treatment industry. The industry is driven by the need for healthy seedlings, high yields, and the increasing demand for efficient seed chemicals. Additionally, the growing popularity of techniques that enhance crop productivity at a reasonable cost contributes to the rising demand.

Restrain

However, natural disasters such as storms, landslides, and extreme weather events pose a threat to overall fruit and vegetable production, potentially impeding the expansion of the global seed treatment industry. Adverse climate conditions also hinder the industry's growth. Furthermore, the germination and vitality of treated seeds, particularly soybean seeds, are affected by their chemical and physical composition, leading to reduced vigor and increased deterioration.

Trend

The global market for seed treatments is experiencing growth due to the increasing adoption of hybrid and genetically modified (GM) seeds. Concerns surrounding fumigation and foliar pesticide usage have prompted farmers to turn to seed treatment as a means of safeguarding their investments in high-quality seeds. Farmers are also striving to reduce operational costs by selecting seeds that require fewer chemical applications. Using seed treatment products ensures the initial protection of these engineered seeds. Over the past seven years, the percentage of total operational costs for maize allocated to seeds has risen from approximately 28% to 32%. Moreover, the expansion of the seed treatment market is expected to benefit from the increased cultivation of GM crops, as these crops, enhanced through biological and chemical treatments, tend to be more productive.