Seed Treatment Global Market Report 2024

The seed treatment market has grown rapidly in recent years. It will grow from $11.1 billion in 2023 to $12.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The expansion observed in the historical period can be ascribed to several factors, including decreased manufacturing costs, the ability to produce complex geometries, tooling-free manufacturing processes, shorter time-to-market cycles, and a heightened level of acceptance in the aerospace industry.

The seed treatment market is expected to see rapid growth in the next few years. It will grow to $18.65 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The anticipated growth during the forecast period is driven by the broadening of material diversity, heightened emphasis on sustainability, increased applications in the electronics industry, and the growing use in education and research. The expansion of material options and the shift towards large-scale production also contribute to this positive outlook. Key trends expected in the forecast period encompass the adoption of powder bed fusion technology, the integration of industry 4.0 and digital manufacturing, a focus on customization and personalization, the acceleration of rapid prototyping and iterative design, as well as advancements in post-processing techniques.

The anticipated growth of the seed treatment market is driven by the escalating incidence of seed- and soil-borne diseases. These diseases, caused by pathogens residing in the soil or on seeds, find effective treatment through seed treatment methods. This approach proves to be cost-effective and efficient in controlling diseases, thereby enhancing crop production efficiency. A report from the Food and Agriculture Organization (FAO) revealed that pests annually result in a substantial 20% to 40% loss in global crop production, with plant diseases alone incurring approximately $220 billion in costs. Additionally, invasive insects contribute an additional $70 billion to these losses. With the global population projected to exceed 10 billion by 2050, as highlighted by the International Feed Federation in March 2021, the challenge of generating enough healthy food becomes immense. Hence, the surge in seed- and soil-borne diseases is a significant driver of growth in the seed treatment market.

The growth of the seed treatment market is expected to be fueled by the increasing global population. The rise in population, representing the total number of individuals in a specific geographic area, necessitates a corresponding increase in food production. Seed treatment plays a crucial role in enhancing crop yield and efficiency, addressing the growing demand for food. According to the French Institute for Demographic Studies (INED), the global population reached approximately 8 billion in 2022 and is projected to reach 9.7 billion by 2050. Consequently, the expanding population is a key factor propelling the growth of the seed treatment market.

The seed treatment market is witnessing a notable trend with a focus on product innovations, as major companies strive to maintain their market positions. One such example is Bayer AG, a Germany-based pharmaceutical company, which introduced Routine Start 280FS in May 2022. This innovative seed treatment addresses rice blast issues, offering a solution that helps farmers enhance yields and resource efficiency for rice cultivation. The product combines isotianil and trifloxystrobin to activate plants' natural defenses, protecting them from blast infections during the early stages after sowing. This approach not only aids farmers in overcoming challenges but also contributes to environmental and food supply preservation.

Major players in the seed treatment market are increasingly emphasizing the development of biological seed treatment solutions to gain a competitive advantage. Biological seed treatment involves the application of naturally occurring microorganisms to seeds, enhancing growth, disease protection, and overall plant health. An example is Helena Agri-Enterprises, a US-based seed treatment formulator, which launched two soybean seed treatments, Seed Shield Select and Enertia, in October 2023. These treatments integrate multi-fungicide and insecticide with Asset Formulation Technology to optimize plant vigor and root health. Enertia, a biological seed treatment, incorporates VersaShield Formulation Technology to improve nutrient availability and soil health, with stabilized enzymes for long-lasting activity.

In January 2023, Growmark Inc., a US-based agriculture company, made a strategic acquisition by acquiring Allied Seed LLC. This acquisition aligns with Growmark's supply and growth plans, positioning the company to meet the increasing demand for cover crops within a comprehensive on-farm sustainability strategy. Allied Seed, a US-based crop seed company, brings expertise in production, blending, packaging, and seed treatment, offering a range of forage, turf grass, and cover crop seed products. This acquisition enhances Growmark's capabilities and market presence in the seed treatment sector.

Major companies operating in the seed treatment market report are BASF SE, Syngenta AG, Bayer AG, Croda International plc, DuPont de Nemours Inc., FMC Corporation, NuFarm Ltd., Solvay S.A, ADAMA Ltd., Corteva Inc., United Phosphorus Limited, Sumitomo Chemical Co. Ltd., Bioworks Inc., Novozymes A/S, Eastman Chemical Company, Monsanto Company, Agrauxine SA, Germains Seed Technology, Incotec Group BV, Valent Biosciences Corporation, Advanced Biological Marketing Inc., Pioneer Corporation, Dow AgroSciences LLC, Wolf Trax Inc., BrettYoung Seeds Limited, Precision Laboratories LLC, Chemtura Corporation, Loveland Products Inc., Plant Health Care plc, Albaugh LLC, Gowan Company LLC.

North America was the largest region in the seed treatment market in 2023. The regions covered in the seed treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the seed treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key categories of chemicals utilized in seed treatment encompass insecticides, fungicides, chemicals, and non-chemicals. These substances are available in various formulations, including liquid solutions, powders, emulsions, flowable concentrates, water dispersible powders for slurry, and others. Insecticides play a crucial role in seed treatment, acting as chemical or biological agents designed to control or eliminate insects that pose a threat to crops. Their applications span seed protection and enhancement across a diverse range of crops, including oilseeds, cereals and grains, fruits and vegetables, among others. Insecticides are employed in various seed treatment applications, such as seed coating, seed dressing, and seed pelleting, contributing to the overall health and productivity of crops.

The seed treatment market research report provides seed treatment market statistics, including seed treatment industry global market size, regional shares, competitors with a seed treatment market share, detailed seed treatment market segments, market trends and opportunities, and any further data you may need to thrive in the seed treatment industry. This seed treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The seed treatment market includes revenues earned by entities by providing services such as seed disinfection, seed disinfestation, and seed protection. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.


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