IMARC Group, a leading market research company, has recently released a report titled Seed Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global seed treatment market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Seed Treatment Industry?
According to the report, The global seed treatment market size reached US$ 8.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
What is Seed Treatment?
Seed treatment is the process of applying sterilization techniques for disinfecting seeds by killing pathogenic organisms and storing insects. It comprises the application of herbicides, fungicides, and insecticides, as well as drying and soaking the seeds in nutrient solutions. It assists in coating seeds with various inert substances, such as chalk, lime, and talcum, to increase their size and weight. It also aids in preventing multiple seed-borne diseases and pest attacks, reviving dormant seeds, enhancing drought tolerance, increasing the germination speed of sources, and making them resilient to extreme temperature conditions.
Apart from this, it helps overcome diseases and provides protection tocrops by using various biological substances, such as fungi, bacteria, and algae. Seed treatment boosts the fortification of grains by increasing the durability of seedlings and making them tolerant to unfavorable soil environments. It enhances root and shoot growth, increases plant density and field productivity, and reduces the requirement for chemical application. It also improves the quality of soil for replanting crops by keeping it free from spores and nematodes. Furthermore, as it is eco-friendly,non-toxic, and an effective processfor maintaining seed qualities ofvarious crops, such as rice, barley, wheat, brinjal, sugarcane, tomato, coriander, brinjal, and potato, the demand for seed treatment is growing worldwide.
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What are the growth prospects and trends in the Seed Treatmentindustry?
The rising need for food security due to the increasing population around the world represents one of the key factors driving the market. In addition, the growing demand for seed coatings to retain the quality of seeds of various crops and ornamental plants is offering a favorable market outlook. Besides this, there is a rise in the adoption of biological seed treatment methods for organic farming due to the increasing health awareness among people across the globe. This, along with the growing utilization of biodegradable seed treatment solutions to reduce chemical residue in agricultural products, is positively influencing the market.
Additionally, the increasing utilization of seed treatment solutions to withstand harsh environmental conditions is propelling the growth of the market. Apart from this, the escalating demand for low-cost, easy-to-use, and dry crop protection solutions among farmers across the globe is strengthening the growth of the market. Furthermore, key market players are extensively investing in research and development (RD) activities to introduce various sustainable seed treatment methods. They are also focusing on enhancing the manufacturing process and distribution networks worldwide, which is expected to bolster the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Chemical Seed Treatment
- Non-Chemical Seed treatment
Breakup by Application Technique:
- Seed Coating
- Seed Dressing
- Seed Pelleting
- Others
Breakup by Crop Type:
- Corn/Maize
- Soybean
- Wheat
- Rice
- Cotton
- Others
Breakup by Function:
- Seed Protection
- Seed Enhancement
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bayer
- Syngenta
- BASF
- DOW Agrosciences
- Dupont
- Nufarm
- FMC
- Arysta Lifescience
- Sumitomo Chemical
- UPL
- Incotec
- Germains
- Advanced Biological Marketing Inc
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