The seed treatment market involves the application of various treatments to seeds before planting to enhance their performance, protect them from diseases and pests, and improve overall crop yield. Seed treatment methods include the application of fungicides, insecticides, nematicides, and other chemical or biological agents. The goal is to ensure better germination, early plant establishment, and protection against potential threats.
The seed treatment market size is influenced by factors such as region, crop type, and the adoption rate of seed treatment technologies. Future trends in the seed treatment market may include further advancements in technology, increased focus on biological seed treatments, and the development of sustainable and eco-friendly solutions. Asia Pacific accounted for the fastest region, during the forecast period, in terms of volume and value, respectively. Asia Pacific comprises of the largest developing countries with vast agricultural lands as compared to other regions. The per capita income of the region depends on the agricultural activities conducted in the countries. The key countries that play an important role in the agriculture sector in this region are India, China, Japan, and Thailand. Cereals & grains, fruits & vegetables, are the leading agricultural commodities grown in these countries. Rice cultivation and the predominance of small-scale manufacturers are widely seen across all the countries of Asia Pacific.
Seed Treatment Market Forecast
With an excellent compound annual growth rate of 8.3%, the seed treatment market size is predicted to reach $9.2 billion by 2027. In 2022, the market valuation reached an amazing US$ 6.1 billion, and it is only expected to climb from there.
By formulation, LS (Liquid Solution) segment is projected to be the fastest-growing segment in the global seed treatment market during the forecast period.
Liquid solution (LS) is a clear or opalescent liquid that is either directly applied to the seed or as a solution of active ingredients after dilution. LS is increasingly being used by farmers owing to its benefits such as easy and uniform application, ease of handling, and larger coverage, among others. Most of the insecticides and fungicides are available in the form of liquid solutions. The use of liquid solution is known as the “quick wet” method, where a volatile fungicide is applied to the seed and it thoroughly mixed with them.
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New technologies such as microbial technologies provide significant opportunities for new entrants in the market. Some of these companies are hampering the growth of leading players. The new market entrants have comparatively lower brand recognition, but they offer products at lower prices compared to the prices of established players, affecting the seed treatment market share of major companies.