The report of Seed Treatment Chemicals Market by Type (Pesticide Seed Treatment Chemicals, Biostimulant Seed Treatment Chemicals), Function (Seed Protection, Seed Enhancement), Application (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ 5.89 Bn by 2027, at a CAGR of XX% during the forecast period.
The product assists in the diagnosis and regulation of pre-season ailments and insect attacks on seeds. They are used for improving crop quality and vigor. These chemicals offer effective control against ground pests as well as diseases. Large-scale use of the product helps in the healthy crop yield and facilitates uniform seedling emergence together with minimizing the damage to seeds by either insects or diseases.
All these above-mentioned factors are expected to steer the growth of seed treatment chemicals market across the globe. In addition to this, the rise in the acceptance of the product and increase in the awareness levels pertaining to breakthroughs observed in the seed treatment techniques are expected to raise the seed treatment chemicals market size in the years to come. Moreover, improvement in the seed treatment active ingredient quality, the introduction of new farming practices, huge plant growth, and enhancement in crops’ strain acceptance are few of the aspects that will spur the product demand over the expected timeline.
On the other hand, the high cost related to seed treatment chemicals could challenge the market growth.
By type, Biostimulant seed treatment chemicals offer naturally originating active ingredients that stimulate the physiological processes of crops. This encourages crop growth and high productivity. Biostimulant seed treatment chemicals encourage crop growth by improving the nutrients available in the soil. Metabolites and assorted natural ingredients in biostimulant seed treated products reduce biotic and abiotic stresses in crops occurring due to drought, salinity, and extreme temperatures. A paradigm shift in the utilization rate of biostimulant seed treatment chemicals over pesticide foliar sprays is expected to enhance the global seed treatment chemicals market.
Region-wise, in terms of value, North America was the leading region of the global seed treatment chemicals market in 2018. The U.S. accounted for a substantial market share of the seed treatment chemicals market in the region, on account of the higher adoption rate of seed treatment chemicals for different crops, for example, wheat, corn, and soybean. An increase in agricultural activities in developing markets, like India, China, and Australia is driving the market in the Asia Pacific.
The key players of the market are BASF SE, Bayer AG, DowDuPont Inc., FMC Corporation, Germains Seed Technology, Nufarm Limited, Platform Specialty Products Corporation, Syngenta AG, UPL Limited, and Valent U.S.A. LLC (Sumitomo Chemical Company, Limited).
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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