Seed Treatment Fungicides Market 2021 Demand Analysis, Industry Size-Share Estimation, Top Leading Companies Profiles, Future Strategies, Business Opportunities, Growth Statistics, Covid-19 Outbreaks, Revenue and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Seed Treatment Fungicides Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Seed Treatment Fungicides Market products.

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A report on Seed Treatment Fungicides Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021. On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide.

The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

Fungicide seed treatments aids in protecting seedlings from getting effected due to both seed pathogens and soil. Seed-borne pathogens are those accommodated on the seed surface, or those located in the inner part of the seed. Soil-borne pathogens contaminates the seed or seedling, which is the main cause of the growth of both non-parasitic and parasitic diseases.

Market Dynamics

Some of the major factors driving the seed treatment fungicides market include the increasing demand for genetically modified seeds, coupled with rising use of fungicides for crop protection is fueling the market growth.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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As the fungicides ensure high farm yields, and also improve the protection from harmful organisms, the demand for seed treatment fungicides is expected to grow. Moreover, increasing demand for feedstock such as farming seeds will further enhance the product demand over the projected period.

The market is expected to restrain due to the increasing use of treated seeds among farmers. According to Agricultural Health Study (AHS), more than 90% of farmers in North Carolina and Iowa use seed treated seeds only, while very few farmers are using fungicides for seed treatment.

Moreover, according to FAO stats, Iowa led the U.S. corn production in 2015, which was followed by Nebraska and Illinois. Both these states produced over 2 billion corn crop bushels in 2015, while states such as Indiana and Minnesota produced only 1 billion corn bushels in 2015.

Market Segmentation

The seed treatment fungicides market has been categorized into crop type, product type, process, form and geography. On the basis of crop type the market is segmented into integrated cereals & grains, oil seeds, fruits & vegetables, flowers & ornaments Seed.

Based on product type the market is categorized into captan, difenoconazole, biological agents, carboxin, and PNCB among others. Seed treatment fungicides market based on process is divided into seed coatings fungicides, seed dressing fungicides and seed pelleting fungicides among others. Form segment is segmented into powder and liquid.

Seed dressing fungicides is the most regularly used technique, this is majorly due to easy procedure and low cost when compared to others. Economical earthen pots are used for mixing chemicals with seeds otherwise seed can be spread on a polythene sheet and essential quantity of chemical can be sprinkled over the seeds and mixed automatically by the farmers with the help of machinery.

Seed dressing fungicides technique is basically a biological process, which is being used in various crop types such as in pigeon pea, sugarcane, chilies and tomatoes among others.

Regional Analysis

North America accounted for the largest market share in 2017. Strict government regulations towards curbing and reducing the use of agrochemicals such as pesticides along with growing consumer awareness regarding the presence of fertilizer remains in the produce, has resulted in a substantial growth in demand for seed treatment fungicides.

As per the National Association of State Departments of Agriculture (NASDA); seedling-blight diseases and smuts caused in barley, wheat, oats, and others can be controlled by seed treatment fungicides, that helps to kill the infections causing diseases inside the seed during germination. Asia Pacific market is anticipated to be experience a swift growth in the seed treatment fungicides market over the forecast period.

According to Food and Agriculture Organization (FAO) of the United Nations, in 2017, India and China are the key producers of wheat globally. As per a article published by FAO in 2017 India produced 93.34 million tons of wheat in 2017.

Seed Treatment Fungicides Market: Competitive Landscape

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The key players in seed treatment fungicides market are BASF SE, Du Pont, Monsanto Company, Novozymes, Sumitomo Corporation, Bayer Corpscience AG, Syngenta Ag, Nufarm Limited, FMC Corporation, Platform Specialty Products Corporation, and Adama Agricultural Solutions Ltd. among other key players.

For instance, in August, 2017, BASF launched the first strobilurin fungicides in the market to provide more control over the fungal pathogens.

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