According to a recently published report by Research Nester on “Seed Treatment Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the 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.
The global seed treatment market is anticipated to record a CAGR of around 8.72% over the forecast period i.e. 2019-2027. Increasing technological advancements in seed treatment methods, developing focus on crop protection by the seed industry, and higher prices of seeds are the factors leading to the growth of the seed treatment market.
Leading players in the market are focusing on increasing their market share and productivity by focusing on research and development. Companies are undergoing acquisitions in order to develop applications of seed treatment methods. Economic and industrial developments is forcing the farmers to increase their crop yield and production which is expected to augment the demand for biological seeds. 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.
The market is segmented by type, formulation, application & crop type. The market is segmented by type into chemical and non-chemical. 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. By crop type, the market is segmented into cereals and grains, oilseeds, sugar beets, sugarcane, vegetables and others.
Restrictions are being imposed by the government on use of pesticides and chemicals used in the pesticides are hazardous for the environment and costs associated with specialized seed treatment is very high for small farmers and farmers in developing countries cannot afford the cost which may hinder the growth of the market during the forecasted period.
Technological advancements and ban on chemical products are expected to boost the growth of market during the forecast period. Europe is expected to witness significant growth on account of major revenue share in biological seed treatment market, followed by Asia Pacific, Latin America, Middle East and Africa market. Asia Pacific region is anticipated to expand at a rapid rate owing to growing demand for organic products in the region. Additionally, increased awareness among the farmers regarding environmental hazards and health effects among farmers related to the usage of chemical substances is driving the growth of seed treatment market in this region.
This report also provides the existing competitive scenario of some of the key players of the seed treatment market which includes company profiling of Bayer CropScience 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 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.