Seed Treatment Chemicals Market – Snapshot
Seed treatment chemicals are chemical, biological, and physical agents that are applied to seeds in order to control and prevent disease organisms, insects, pests, and rodents. Seed treatment chemicals comprise several active ingredients, special wetting agents, colorants, and scarce proportions of insect and rodent repellents. Seed dressing, seed coating, and seed pelleting are different forms of application techniques used for treating seeds. Seed treatment chemicals include pesticides, bactericides, fungicides, and insecticides that protect seeds and improve crop harvest. The global seed treatment chemicals market is expected to expand at a significant pace during the forecast period, driven by the increase in demand for seed treatment chemicals among seed processors and farmers. The global seed treatment chemicals market was valued at around US$ 3500.0 Mn in 2017 and is anticipated to expand at a CAGR of more than 5.0% from 2018 to 2026.
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Seed treatment chemicals play an important role in diagnosing and controlling pre-season diseases and insect attacks. These chemicals assist in improving crop stand establishment and vigor capacity. Seed treatments chemicals provide effective control against early season, below-ground, and above-ground pests and diseases. Effective utilization of insecticide and fungicide seed treatment products enables uniform seedling emergence, healthier crops, and reduced insect and disease damage. Emerging seed treatment techniques compose of significantly lower amount of active ingredients, making them environmentally sustainable. Increase in adoption rate of seed treatment chemicals and growth in awareness regarding advancements in seed treatment technologies are likely to boost the demand for seed treatment chemicals in the next few years.
Biostimulant seed treatment chemicals offer naturally originating active ingredients that stimulate the physiological processes of crops. This promotes crop growth and high productivity. Biostimulant seed treatment chemicals encourage crop growth by enhancing 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 utilization rate of biostimulant seed treatment chemicals over pesticide foliar sprays is likely to augment the global seed treatment chemicals market. Thus, improvement in seed treatment active ingredients, advancement in farming practices, enhanced plant growth, and improvement in crops’ stress tolerance are factors projected to boost the demand for seed treatment chemicals during the forecast period.
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North America is a major region of the global seed treatment chemicals market. The U.S. is a key producer and consumer of seed treatment chemicals. Presence of large number of seed treatment chemical manufacturers and seed processors in the U.S. is expected to drive the seed treatment chemicals market in the country. The U.S. is the leading producer and exporter of wheat, corn, and soybean across the globe. Increase in utilization rate of seed treatment chemicals in the U.S. owing to their high crop harvest is estimated to boost the demand for seed treatment chemicals. India, China, and Australia are agriculture-derived economies. These countries are prominent agricultural hubs in Asia Pacific. Advancements in agricultural techniques pertaining to seed treatment chemicals, cultivable land, and suitable climatic conditions are projected to yield high crop output in these countries. Thus, the seed treatment chemicals market in Asia Pacific is likely to expand at a fast pace during the forecast period. Rapid growth in agricultural activities in Argentina and Brazil is expected to provide an impetus to the demand for seed treatment chemicals in these countries.
Major players operating in the global seed treatment chemicals market include 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). These players are engaging in strategic collaborations and acquisitions of local seed treatment chemical manufacturers in order to strengthen their market share. Some of these prominent players are focusing on new product developments by reinforcing their products with new active ingredients.
Increased Adoption of Seed Treatment Chemicals Drives Demand Opportunities for Manufacturers
Seed treatment chemicals refer to biological, chemical, and physical agents applied to seeds with an aim to prevent and control insects, pests, rodents, and disease organisms. Seed treatment chemicals include many active ingredients, colorants, special wetting agents, and limited proportions of rodent and insect repellents.
For the seed treatment process, seed treatment chemicals can be applied on seed with the help of seed coating, seed pelleting, and seed dressing methods. Bactericides, fungicides, insecticides, and pesticides are some of the seed treatment chemicals that are widely used for the seeds protection and improving the crop harvest. In recent few years, there is remarkable growth in adoption of seed treatment chemicals among farmers from all across the globe. This factor is projected to offer promising demand opportunities in the global seed treatment chemicals market in the forthcoming years.
Seed treatment chemicals play a key role in the diagnosis and prevention of pre-season insect and diseases attacks. Apart from this, these chemicals help in advancing crop stand establishment and vigor capacity. Growing use of seed treatment chemicals to achieve effectual control against below-ground, early season, and above-ground diseases and pests is projected to help in the expansion of the global seed treatment chemicals market in the years ahead.
In recent few years, there is remarkable growth in the efficient use of fungicide and insecticide seed treatment products. One of the key factors behind this growth is the ability of these products to support healthier crops, decreased insect and disease damage, and uniform seedling emergence. Apart from this, many seed treatment techniques are environmental-friendly. Owing to these factors, the global seed treatment chemicals market is experiencing substantial sales avenues.
Vendors operating in the global seed treatment chemicals market are experiencing adverse impact of recent COVID-19 outbreak. One of the major setbacks experienced by market vendors is sudden drop in their sales. This aside, many players in the global seed treatment chemicals market are experiencing delays in transportation activities in many regions due to lockdowns. Thus, the companies are growing focus toward strategizing their business moves to regain their all activities.
