April 23, 2024

Seed Treatment Market is Estimated to Witness High Growth Owing to Rising Need for Increasing Crop Yield

The seed treatment market comprises chemical or biological substances that are applied or coated on seeds to protect them from pests and diseases. Seed treatment helps control/prevent seed-borne diseases, early season insects, and other stresses. It protects the seed from pathogens in the soil and during germination, leading to enhanced and more uniform emergence. Seed treatments aid in the early development of plants and help maximize plant protection.

The global seed treatment market is estimated to be valued at US$ 7.87 Bn in 2024 and is expected to exhibit a 19% CAGR over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the seed treatment market are Trimble Inc., 3D Systems Inc., ShapeGrabber Inc., Creaform, Hexagon AB, GOM, 3D Digital Corp, Faro Technologies Inc., Autodesk, Inc., Topcon Corporation, and Maptek Pty Ltd. Second paragraph is talking about the key opportunities in market and third paragraph is talking about global expansion of market. Market drivers: Rising need for increasing crop yield is expected to drive the growth of the seed treatment market during the forecast period. Seed treatment helps maximize plant protection from insects, pests and diseases, leading to enhanced plant emergence and growth. This in turn supports higher crop productivity and increased yield.

PEST Analysis

Political: Seed Treatment Market is regulated by various environmental and food safety regulations set by authorities like EPA in United States. These regulations determine the approved chemicals for seed treatment.

Economic: Rising population and demand for food is driving increased focus on maximizing crop yields through use of high quality seeds and seed treatment. Higher crop yields boost farmer incomes.

Social: Consumers are increasingly demanding food produced in sustainable and environment friendly ways. Seed treatment helps reduce pesticide usage and improve sustainability of agriculture.

Technological: Advancements in seed treatment formulations help deliver active ingredients precisely to seeds. Technologies like coating and pelleting help achieve targeted and controlled delivery of crop protection and inoculant products. Precision application equipment also improves the treatment process.

North America accounts for the largest share of the global seed treatment market in terms of value. Higher awareness among farmers about benefits of seed treatment coupled with large area under agriculture boosts seed treatment adoption.

Asia Pacific is projected to be the fastest growing regional market for seed treatment. Countries like India and China are witnessing rising farm incomes and focus on boosting crop yields through latest agricultural practices including seed treatment.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it