The seed treatment fungicides market size has grown strongly in recent years. It will grow from $1.93 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historical period can be credited to factors such as the rise in the global population, improved crop yield and quality, the expansion of commercial agriculture, governmental support and regulations, and an increased adoption of high-value crops.
The seed treatment fungicides market size is expected to see strong growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The projected growth in the forecast period can be linked to the impact of climate change on disease patterns, the advancement of bio-based fungicides, a rising demand for improved crop resilience, management of invasive pests and diseases, and global concerns regarding food security. Key trends anticipated in the forecast period encompass advancements in formulations, seed coating technologies, customized solutions for diverse crops, the integration of digital agriculture and precision farming, as well as collaborations aimed at product innovation.
The anticipated surge in demand for agricultural production is poised to drive the growth of the seed treatment fungicide market in the near future. Agricultural production encompasses various operations such as crop cultivation, plowing, harvesting, and animal rearing, contributing to market-ready products. The growing demand for increased agricultural production is fueling the expansion of the seed treatment fungicides market, given their role in mitigating seedling rot, seed rot, and seedling diseases caused by a diverse range of fungi. For example, data from the California Department of Food and Agriculture in September 2022 revealed a 7.0% increase, totaling $22.5 billion, in California's agricultural product exports in 2021 compared to the previous year, underscoring the influence of rising demand for agricultural production on the seed treatment fungicide market.
The upswing in organic farming practices is expected to propel the growth of the seed treatment fungicide market. Organic farming emphasizes sustainable and environmentally friendly approaches to crop cultivation and livestock raising, often incorporating integrated pest management (IPM), including preventive measures such as seed treatment. This shift toward eco-friendly practices is anticipated to drive the demand for seed treatment fungicides. In May 2023, the Department for Environment, Food, and Rural Affairs reported a 0.4% increase in the UK's organically farmed land to 509 thousand hectares in 2022, including fully converted land and land under conversion. This growth was driven by a 0.8% increase in entirely organic land, highlighting the influence of the rise in organic farming on the seed treatment fungicide market.
Technological advancements emerge as a prominent trend gaining traction in the seed treatment fungicide market. Key companies in the seed treatment fungicides sector are actively engaged in developing innovative technologies to enhance their market position. For instance, in October 2021, UPL Ltd., an India-based manufacturer of seed treatment fungicides and agrochemicals, introduced the technologically advanced seed treatment option, 3-Way Electron Mix. This smart solution aims to provide cost-effective seed protection, minimize incorrect germination, and offer combined benefits of insecticides and fungicides. The ELECTRON 3-WM technology protects seeds and seedlings against pests and diseases during early crop establishment, ensuring comprehensive seed safeguarding for higher yields.
Prominent companies in the seed treatment fungicide market are concentrating on product development and launches, such as fungicide seed treatment, to sustain their market positions. Fungicide seed treatment involves protecting seeds from fungal diseases during germination and early seedling growth. In October 2023, Corteva, Inc., a US-based agricultural chemical and seed company, commercially launched the Straxan fungicide seed treatment in Canada. This new addition to Corteva Agriscience’s cereal protection portfolio offers an easy-to-use formulation designed to combat prevalent seed and soil-borne cereal diseases, providing advanced protection against early-season diseases such as Fusarium species, Rhizoctonia, true loose smut, and more.
In May 2021, ADAMA Ltd., an Israel-based manufacturer of seed treatment fungicides and agricultural solutions, acquired a 51% stake in Jiangsu Huifeng Bio Agriculture Co. Ltd. for approximately $192 million. Through this acquisition, ADAMA aims to fortify its commercial presence in China's crop protection business. Jiangsu Huifeng Bio Agriculture Co. Ltd. is a China-based manufacturer specializing in seed treatment fungicides and other agricultural solutions.
Major companies operating in the seed treatment fungicides market report are Glencore PLC, Cargill Inc., BASF SE, Dow Inc., Bayer AG, Sumitomo Corporation, Corteva Inc., Monsanto Company, DuPont de Nemours Inc., UPL Ltd., FMC Corporation, Nufarm Ltd., Croda International PLC, Novozymes A/S, DLF Seeds Group, Kureha Corporation, Bioceres Crop Solutions Corp, Indofil Industries Limited, Rallis India Limited, Rotam Global AgroSciences Limited, Verdesian Life Sciences LLC, Helena Agri-Enterprises LLC, Certis Europe B.V., Loveland Products Inc., Germains Seed Technology Inc., Syngenta AG, Bioworks Inc., Vizag Chemicals Private Limited, SWAL Corporation Ltd., Krishi Rasayan Group.
North America was the largest region in the seed treatment fungicides market in 2023. The regions covered in the seed treatment fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the seed treatment fungicides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of seed treatment fungicides include synthetic chemical and biological options. Synthetic chemical fungicides are employed to manage fungal diseases in crops. These chemical compounds may or may not have a natural counterpart but are synthesized through non-natural processes. Seed treatment involves the application of chemical fungicides and insecticides to seeds, serving to control infections in both seeds and saplings, with insecticides targeting insect pests. Some seed treatment solutions are formulated as combinations of fungicides and insecticides. These fungicides are available in liquid and powder forms, suitable for treating various crops such as cereals, grains, oilseeds, pulses, and others. Seed treatment fungicides are applied through methods such as coating, dressing, and pelleting.
The seed treatment fungicide market research report is one of a series of new reports that provides seed treatment fungicide market statistics, including the seed treatment fungicide industry's global market size, regional shares, competitors with a seed treatment fungicide market share, detailed seed treatment fungicide market segments, market trends, and opportunities, and any further data you may need to thrive in the seed treatment fungicide industry. This seed treatment fungicide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The seed treatment fungicides market consists of sales of methyl benzimidazole carbamate (MBC), phenylpyrroles, phenyl amides, strobilurin, triazoles, and benzimidazoles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The seed treatment fungicides market size is expected to see strong growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The projected growth in the forecast period can be linked to the impact of climate change on disease patterns, the advancement of bio-based fungicides, a rising demand for improved crop resilience, management of invasive pests and diseases, and global concerns regarding food security. Key trends anticipated in the forecast period encompass advancements in formulations, seed coating technologies, customized solutions for diverse crops, the integration of digital agriculture and precision farming, as well as collaborations aimed at product innovation.
The anticipated surge in demand for agricultural production is poised to drive the growth of the seed treatment fungicide market in the near future. Agricultural production encompasses various operations such as crop cultivation, plowing, harvesting, and animal rearing, contributing to market-ready products. The growing demand for increased agricultural production is fueling the expansion of the seed treatment fungicides market, given their role in mitigating seedling rot, seed rot, and seedling diseases caused by a diverse range of fungi. For example, data from the California Department of Food and Agriculture in September 2022 revealed a 7.0% increase, totaling $22.5 billion, in California's agricultural product exports in 2021 compared to the previous year, underscoring the influence of rising demand for agricultural production on the seed treatment fungicide market.
The upswing in organic farming practices is expected to propel the growth of the seed treatment fungicide market. Organic farming emphasizes sustainable and environmentally friendly approaches to crop cultivation and livestock raising, often incorporating integrated pest management (IPM), including preventive measures such as seed treatment. This shift toward eco-friendly practices is anticipated to drive the demand for seed treatment fungicides. In May 2023, the Department for Environment, Food, and Rural Affairs reported a 0.4% increase in the UK's organically farmed land to 509 thousand hectares in 2022, including fully converted land and land under conversion. This growth was driven by a 0.8% increase in entirely organic land, highlighting the influence of the rise in organic farming on the seed treatment fungicide market.
Technological advancements emerge as a prominent trend gaining traction in the seed treatment fungicide market. Key companies in the seed treatment fungicides sector are actively engaged in developing innovative technologies to enhance their market position. For instance, in October 2021, UPL Ltd., an India-based manufacturer of seed treatment fungicides and agrochemicals, introduced the technologically advanced seed treatment option, 3-Way Electron Mix. This smart solution aims to provide cost-effective seed protection, minimize incorrect germination, and offer combined benefits of insecticides and fungicides. The ELECTRON 3-WM technology protects seeds and seedlings against pests and diseases during early crop establishment, ensuring comprehensive seed safeguarding for higher yields.
Prominent companies in the seed treatment fungicide market are concentrating on product development and launches, such as fungicide seed treatment, to sustain their market positions. Fungicide seed treatment involves protecting seeds from fungal diseases during germination and early seedling growth. In October 2023, Corteva, Inc., a US-based agricultural chemical and seed company, commercially launched the Straxan fungicide seed treatment in Canada. This new addition to Corteva Agriscience’s cereal protection portfolio offers an easy-to-use formulation designed to combat prevalent seed and soil-borne cereal diseases, providing advanced protection against early-season diseases such as Fusarium species, Rhizoctonia, true loose smut, and more.
In May 2021, ADAMA Ltd., an Israel-based manufacturer of seed treatment fungicides and agricultural solutions, acquired a 51% stake in Jiangsu Huifeng Bio Agriculture Co. Ltd. for approximately $192 million. Through this acquisition, ADAMA aims to fortify its commercial presence in China's crop protection business. Jiangsu Huifeng Bio Agriculture Co. Ltd. is a China-based manufacturer specializing in seed treatment fungicides and other agricultural solutions.
Major companies operating in the seed treatment fungicides market report are Glencore PLC, Cargill Inc., BASF SE, Dow Inc., Bayer AG, Sumitomo Corporation, Corteva Inc., Monsanto Company, DuPont de Nemours Inc., UPL Ltd., FMC Corporation, Nufarm Ltd., Croda International PLC, Novozymes A/S, DLF Seeds Group, Kureha Corporation, Bioceres Crop Solutions Corp, Indofil Industries Limited, Rallis India Limited, Rotam Global AgroSciences Limited, Verdesian Life Sciences LLC, Helena Agri-Enterprises LLC, Certis Europe B.V., Loveland Products Inc., Germains Seed Technology Inc., Syngenta AG, Bioworks Inc., Vizag Chemicals Private Limited, SWAL Corporation Ltd., Krishi Rasayan Group.
North America was the largest region in the seed treatment fungicides market in 2023. The regions covered in the seed treatment fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the seed treatment fungicides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of seed treatment fungicides include synthetic chemical and biological options. Synthetic chemical fungicides are employed to manage fungal diseases in crops. These chemical compounds may or may not have a natural counterpart but are synthesized through non-natural processes. Seed treatment involves the application of chemical fungicides and insecticides to seeds, serving to control infections in both seeds and saplings, with insecticides targeting insect pests. Some seed treatment solutions are formulated as combinations of fungicides and insecticides. These fungicides are available in liquid and powder forms, suitable for treating various crops such as cereals, grains, oilseeds, pulses, and others. Seed treatment fungicides are applied through methods such as coating, dressing, and pelleting.
The seed treatment fungicide market research report is one of a series of new reports that provides seed treatment fungicide market statistics, including the seed treatment fungicide industry's global market size, regional shares, competitors with a seed treatment fungicide market share, detailed seed treatment fungicide market segments, market trends, and opportunities, and any further data you may need to thrive in the seed treatment fungicide industry. This seed treatment fungicide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The seed treatment fungicides market consists of sales of methyl benzimidazole carbamate (MBC), phenylpyrroles, phenyl amides, strobilurin, triazoles, and benzimidazoles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Seed Treatment Fungicides Market Characteristics3. Seed Treatment Fungicides Market Trends and Strategies32. Global Seed Treatment Fungicides Market Competitive Benchmarking33. Global Seed Treatment Fungicides Market Competitive Dashboard34. Key Mergers and Acquisitions in the Seed Treatment Fungicides Market
4. Seed Treatment Fungicides Market - Macro Economic Scenario
5. Global Seed Treatment Fungicides Market Size and Growth
6. Seed Treatment Fungicides Market Segmentation
7. Seed Treatment Fungicides Market Regional and Country Analysis
8. Asia-Pacific Seed Treatment Fungicides Market
9. China Seed Treatment Fungicides Market
10. India Seed Treatment Fungicides Market
11. Japan Seed Treatment Fungicides Market
12. Australia Seed Treatment Fungicides Market
13. Indonesia Seed Treatment Fungicides Market
14. South Korea Seed Treatment Fungicides Market
15. Western Europe Seed Treatment Fungicides Market
16. UK Seed Treatment Fungicides Market
17. Germany Seed Treatment Fungicides Market
18. France Seed Treatment Fungicides Market
19. Italy Seed Treatment Fungicides Market
20. Spain Seed Treatment Fungicides Market
21. Eastern Europe Seed Treatment Fungicides Market
22. Russia Seed Treatment Fungicides Market
23. North America Seed Treatment Fungicides Market
24. USA Seed Treatment Fungicides Market
25. Canada Seed Treatment Fungicides Market
26. South America Seed Treatment Fungicides Market
27. Brazil Seed Treatment Fungicides Market
28. Middle East Seed Treatment Fungicides Market
29. Africa Seed Treatment Fungicides Market
30. Seed Treatment Fungicides Market Competitive Landscape and Company Profiles
31. Seed Treatment Fungicides Market Other Major and Innovative Companies
35. Seed Treatment Fungicides Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Seed Treatment Fungicides Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on seed treatment fungicides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for seed treatment fungicides? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Synthetic Chemical; Biological
2) By Form: Liquid; Powder
3) By Crop Type: Cereals and Grains; Oilseeds and Pulses; Other Crop Types
4) By Application: Coating; Dressing; Pelleting
Key Companies Mentioned: Glencore plc; Cargill Inc; BASF SE; Dow Inc.; Bayer AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Glencore plc
- Cargill Inc
- BASF SE
- Dow Inc.
- Bayer AG
- Sumitomo Corporation
- Corteva Inc
- Monsanto Company
- DuPont de Nemours Inc.
- UPL Ltd
- FMC Corporation
- Nufarm Ltd
- Croda International Plc
- Novozymes A/S
- DLF Seeds Group
- Kureha Corporation
- Bioceres Crop Solutions Corp
- Indofil Industries Limited
- Rallis India Limited
- Rotam Global AgroSciences Limited
- Verdesian Life Sciences LLC
- Helena Agri-Enterprises LLC
- Certis Europe B.V.
- Loveland Products Inc.
- Germains Seed Technology Inc
- Syngenta AG
- Bioworks Inc.
- Vizag Chemicals Private Limited
- SWAL Corporation Ltd.
- Krishi Rasayan Group.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 2.09 Billion |
| Forecasted Market Value ( USD | $ 2.89 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
