Global Chemical Seed Treatment Market Size, Share, Opportunities, And Trends By Crop Type (Cereals And Grains, Oilseeds, Others), By Application (Fungicides, Insecticides Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061611227
- Pages : 114
The global chemical seed treatment market is valued at US$3.957 billion in 2018 and is projected to reach US$5.868 billion in 2023 exhibiting a CAGR of 8.20% during the forecast period. The growing population has resulted in a phenomenal increase in food demand across the globe. The advancement in crop science techniques is driven by the inadequate food supply. The sector is experiencing robust adoption of smart crop techniques at low cost owing to deteriorating climatic conditions and increasing seed costs. Due to the demand-supply mismatch for food, governments and companies are investing more in research and development to develop genetically modified seeds in order to meet the generated demand in less time.
The key drivers triggering the growth of this sector include the use of multi-component products, fulfillment of regulatory-related requirements, and an increase in farm size. The market will witness escalated growth owing to the increase in innovative crop protection methods and crop solutions along with cost-effective techniques. Environmental concerns related to the use of these chemical seeds will restrain their growth across the globe.
On the basis of crop type, the global chemical seed treatment market can be segmented into cereals and grains which are sub-divided as corn, wheat, and rice among others, oil seeds which are further divided as cotton, sunflower, and canola, and other crop types which include sugar beets, and turf/forage grasses and alfalfa. On the basis of application, the global chemical seed treatment market can be segmented as fungicides, insecticides, and other chemicals. Insecticides hold the largest market share in its segment across the globe. However, the fungicide seed treatment market is estimated to witness the fastest growth in its segment.
Geographically, the global chemical seed treatment market can be segmented as North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. North America holds the largest market share across the globe owing to the increase in farm sizes, huge investments in the chemical seed market in order to overcome the deficit in supply, and the high adoption rate of advanced crop science techniques. However, the Asia-Pacific region will be a rapidly growing market by the end of the forecast period owing to an increase in population and the adoption of advanced crop science methods and techniques.
The global chemical seed treatment market is highly competitive due to the presence of well-diversified international, regional, and local players. The competitive landscape provides the strategy and investment details in order to boost their presence. Some of the key players of the global chemical seed treatment market included in the report are BASF SE, Bayer Group, Syngenta, Plant Health Care, Novozymes, Sumitomo, Monsanto Company, and Adama Agricultural Solutions Limited among others.
The global chemical seed treatment market has been segmented on the basis of crop type, pesticides, and geography.
- By Crop type
- Cereals and Grains
- By Application
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East & Africa
- Saudi Arabia
- United Arab Emirates
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