Seed treatment is a process of applying chemical & biological agents to seeds, in order to prevent damage by insects, pathogens, and pests. Seed treatment plays a fundamental role in sustainable crop production, by providing protection from pre and post emergent insects and diseases, across a variety of soil types & environmental conditions. It helps to control soil or seed-borne infections & diseases. In addition, it reduces germination time, improves the yield of crops, and enhances overall productivity. Presently, neonicotinoids are the most popular seed treatment insecticides in the market. Imidacloprid is a most common neonicotinoid used to control aphids, as aphids act as carrier to viral diseases. It is also effective against chinch-bug, Hessian fly, flea-beetle, leafhopper, and others. Seed treatment has appeared as a cost-effective crop protection solution as compared to conventional spraying because it is more efficient and less labor intensive.
According to study, “Seed Treatment Market by Product (Insecticide,
fungicide, bio-control, and Others), Treatment Method (Seed Coating, Seed
Dressing and Seed Pelleting), Crop Type (Cereals & Grains, Oilseeds &
Pulses, Other Crop Types), and Application (Seed Protection and seed
enhancement): Global Opportunity Analysis and Industry Forecast, 2019-2026”.
Some of the key companies operating in the global seed treatment market are
BASF, Syngenta AG, Valent USA Corporation, Bayer CropScience, DuPont, Chemtura
Corporation, Novozymes A/S, Monsanto, Nufarm Limited, and Sumitomo Chemical
Company.
Based on type, seed treatment market is segmented into chemical
seed treatment and non-chemical seed treatment, Non-Chemical seed treatment
includes biological seed treatment and physical seed treatment. Based on
product type, market is segmented into fungicide, insecticide, bio-control and
others. Bio-control seed treatment is a fastest growing segment owing to rise
in awareness and severe government regulations against chemical seed treatment.
Based on crop type, market is segmented into oilseeds & pulses (cotton,
soybean, sunflower and canola), cereals & grains (sorghum, corn, rice,
barley and wheat) and other crop types (sugar beets & vegetables and
turf-forages and alfalfa). Based on treatment method, market is segmented into
seed dressing, seed coating and seed pelleting. In addition, based on
application, market is segmented into seed enhancement and seed protection.
The seed treatment market is driven by increase in need for soil
replenishment caused by limited crop rotation practices, followed by seed
treatment as a low-cost crop protection solution, reduced risk of exceeding maximum
residue limits (MRLS) and serves as insurance to seed investments. However, strict
government regulations, lower margins for key industrial crops and existing ban
on neonicotinoids may impact the market. Moreover, growth in innovative combination
of products and increase in application in high-value crops are key
opportunities for market.
Based on geography, the Asian-Pacific region dominates the global seed
treatment market, followed by European region, owing to growth in number of
agriculture-based economies in the region. Whereas, the North-American region
is anticipated to exhibit higher growth rate due to increase in food
requirement because of rapidly increasing global population over the forecast
period. The global seed treatment market was valued at US $4.8 billion in 2018,
and is expected to reach US $9.3 billion by 2026, growing at a CAGR of 8.1%
from 2019-2026.
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Related
Report:-
Global
Seed Treatment Products Market Status (2015-2019) and Forecast (2020-2024) by
Region, Product Type & End-Use
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