According to a recently published report by Research Nester on “Global Seed Treatment Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global seed treatment market in terms of market segmentation by type, by formulation, by application, by crop type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Advanced productive agricultural materials are used to fulfill the food demand of the growing population. There have been rapid advancements in recent years in order to improve the agricultural yields through various technologies. Demand for seed treatment is increasing widely as it prevents seed borne insects and diseases to the crops. Increasing demand for organic fruits and vegetables as a result of health concern is boosting the growth of agricultural industry ultimately leading to the growth of the market. Economic and industrial developments is forcing the farmers to increase their crop yield. Attributing to these factors, the market is anticipated to record a CAGR of around 8.72% over the forecast period i.e. 2019-2027.
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The market is segmented by type into chemical and non-chemical, out of which, the non-chemical segment is anticipated to have significant growth on account of increasing demand for bio-based treatment and concern for environment. The non-chemical treatment segment is in its early stages of growth though it is anticipated to be fastest growing segment during the forecasted period.
The market is further segmented by formulation into liquid form and dry form. On the basis of application, the market is segmented into insecticides, fungicides, herbicides, fertilizers, bio control and others. Out of these, insecticide segment is anticipated to be the most adopted treatment owing to its ability to get adjusted with other products.
By crop type, the market is segmented into cereals and grains, oilseeds, sugar beets, sugarcane, vegetables and others out of which cereals and grains segment account for largest share of the seed treatment market owing to seed treatment being used on high productivity cereals and grains crop such as corn.
North America is projected to have maximum market share owing to the growing demand from the agricultural industry, presence of technological advancements and ban on chemical products followed by Europe. Asia Pacific is anticipated to grow at a faster rate owing to growing demand for organic products in Asian countries and increased awareness among the farmers regarding environmental hazards.
Farming activities are increasing worldwide and leading to technological advancements
Technological developments in the agricultural sector have led to the development of various treatment methods owing to rising health concerns by the consumers and pressure on farmers to increase their crop yield. Farming activities are increasing globally on croplands and this has generated need for high productivity which in turn, is propelling the growth of the seed treatment market.
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This report also provides the existing competitive scenario of some of the key players of the global seed treatment market which includes company profiling of Bayer Crop Science AG, Syngenta, FMC Corporation, Monsanto Company, Nufarm Limited, and ADAMA Agricultural Solutions Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global seed treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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