Seed treatment provides effective protection to the seed from insects, pathogens, and other pests. Moreover, seed treatment also contributes to the production of healthy and quality seed. It has emerged as a cost-effective solution as compared to the traditional spraying method as it is less labor-intensive and enhance overall productivity.
The global seed treatment market is projected to surpass US$ 9.8 billion by the end of 2027, in terms of revenue, growing atCAGR of 9.2% during the forecast period (2020 to 2027).
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Feeding the growing population globally is one of the challenge faced by the world coupled with declining agricultural land owing to soil erosion, higher salinity levels and increasing urbanization. According to the United Nations, the world population is expected to increase from 7.6 billion in 2017 to 9.8 billion in 2050. Food security is a major concern for numerous countries around the world. This is expected to foster the demand for seed treatment in the next few years.
Utilization of seed treatment has been associated with increased yield. However, various alternatives to crop protection and enhancement techniques such as crop rotation and heat treatment of seeds are restraining factors for growth of the seed treatment market.
Global Seed Treatment Market, By Treatment:
Global Seed Treatment Market, By Crop Type:
Key companies covered as a part of this study includes Syngenta, Bayer CropScience AG, Monsanto, BASF, Advanta India Ltd, Dow Agro Sciences, DuPont, Nufarm Ltd., Chemtura Agro Solutions, and Sumitomo Chemical Co. Ltd.
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