Chemical Seed Treatment is fastest growing segment fueling the growth of Seed Treatment Market

 

Seed Treatment Market

The global Seed Treatment Market is estimated to be valued at US$ 6.83 Bn in 2023 and is expected to exhibit a CAGR of 9.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

Seed treatment involves applying pesticides and other chemicals to protect seeds from insects, fungi, and other pathogens during storage and early growth. Chemical seed treatments help boost seed germination and ensure better plant establishment. Some commonly used seed treatments include insecticides, fungicides and micro-nutrients.

 

Market key trends:

One of the major trends fueling the growth of the seed treatment market is the growing emphasis on sustainable agriculture. Farmers are increasingly adopting strategies like integrated pest management practices and using targeted seed treatment with minimal chemicals. This helps control pests effectively while reducing pesticide residues and their impact on the environment. Precision application techniques ensure only the required amount of chemicals is used, optimized for the target crop's needs. This leads to higher yields with less input costs and lower wastage of agrochemicals.

Segment Analysis

 

The global seed treatment market is segmented by type, treatment method, application technique and crop type. Based on type, the market is categorized into chemical seed treatment and non- chemical seed treatment. The chemical seed treatment segment is expected to dominate the market over the forecast period as it protects the crop from seeds borne diseases and also provides nutrition to seedlings at initial growth stages. Based on treatment method, the market is classified into seed coating, seed dressing and seed pelleting. Seed coating is expected to be the largest segment as it protects seeds and helps in even distribution of active ingredients on seed surfaces.

 

Key Takeaways

 

The Global Seed Treatment Market Size is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing concerns regarding crop yield and decreasing arable land.

 

Regional analysis - North America is expected to dominate the global seed treatment market over the forecast period due to high adoption of modern agricultural techniques in the region. Asia Pacific is expected to witness fastest growth attributed to increasing population and rising food demand in the region.

 

Key players operating in the seed treatment market are Syngenta, Bayer CropScience AG, Monsanto, BASF, Advanta India Ltd, Dow Agro Sciences, DuPont, Nufarm Ltd., Chemtura Agro Solutions, and Sumitomo Chemical Co. Ltd. The global seed treatment market is moderately consolidated with top five players accounting for over 50% of the global market share. Syngenta and Bayer CropScience AG are the leading players in the global market.

Read more

https://www.dailyprbulletin.com/seed-treatment-market-size-share-growth-outlook-2023/

Comments

Post a Comment

Popular posts from this blog

"Global Heparin Market: Current Trends and Future Prospects"

Image
  Heparin, a crucial anticoagulant, has been a mainstay in the pharmaceutical industry for many years. It plays a pivotal role in preventing and treating conditions such as deep vein thrombosis, pulmonary embolism, and various cardiovascular diseases. As we delve into the current state of the heparin market, we will explore the trends, challenges, and opportunities that shape this vital segment of the pharmaceutical industry. Market Overview: The global heparin market has experienced steady growth over the years, driven by an aging population, increasing cases of cardiovascular diseases, and a rising awareness of the importance of anticoagulants in healthcare. Heparin is available in various forms, including unfractionated heparin (UFH) and low molecular weight heparin (LMWH), each with its own set of applications and market dynamics. Trends: 1.      Rising Demand for LMWH : Low molecular weight heparin is gaining popularity due to its ease of administr...
Read more

"Advancements in Cystic Fibrosis Treatment: A Comprehensive Market Analysis"

Image
  The cystic fibrosis market has seen significant advancements and changes in recent years. Cystic fibrosis is a genetic disorder that affects the lungs and digestive system, leading to thick and sticky mucus production that can cause serious respiratory and digestive complications. The introduction of new therapies and treatments, such as CFTR modulators, has revolutionized the management of cystic fibrosis, offering hope and improved quality of life for patients. These drugs target the underlying genetic mutations responsible for the condition, helping to alleviate symptoms and slow disease progression. However, challenges remain in the cystic fibrosis market . Access to these ground-breaking therapies can be limited due to high costs, and ongoing research is needed to develop treatments for all genetic mutations associated with the disease. Additionally, the market continues to evolve as new therapies and innovations emerge. Collaborative efforts between pharmaceutical compani...
Read more

Botanical Packaging is Estimated to Witness High Growth Owing to Growing Environmental Concerns

Image
  Botanical Packaging Market Botanical packaging involves using various plant-based materials like corn starch, wheat starch, soy protein, bamboo, bagasse as raw materials for manufacturing boxes, cartons, bags and wrapping films for packaging applications. These biodegradable materials offer attractive sustainability advantages over traditional petroleum-based plastics. Botanical packaging finds widespread application in food, beverage, pharmaceutical, personal care and homecare industries for primary, secondary and tertiary packaging needs. The global botanical packaging Market is estimated to be valued at US$ 138.24 Bn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2024 to 2031.   Market Dynamics: Growing environmental concerns about the menace of plastic pollution have been fuelling adoption of sustainable packaging alternatives globally. One of the key drivers for botanical packaging market is the stringent government policies and regulati...
Read more