Seed Treatment Fungicides Market Size Forecast to Reach $3.3 Billion by 2025

Seed Treatment Fungicides Market size is forecast to reach $3.3 billion by 2025, after growing at a CAGR of 9.34% during 2020-2025. Increasing usage of seed treatment solutions on expensive Genetically modified (GM) seeds, is witnessing an increase in demand for seed treatment fungicides. Growing public interest towards sustainable and environment-friendly products will further enhance the overall market demand for Seed Treatment Fungicides during the forecast period.

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Seed Treatment Fungicides Market Segment Analysis - Crop Type

Cereals & Grains has been the primary market for Seed Treatment Fungicides. Some of the biggest success stories in plant disease control involve the use of seed treatments, particularly of small grain cereals such as wheat, barley, and oats. These seed treatments are composed of fungicides that have a variety of chemistries. They generally are low in toxicity to plant and animal life, and because they are applied in low doses, they have little environmental impact. In some cases these doses are as low as 1 g of active ingredient per hectare (0.4 g per acre). As a result of these low doses, the cost per hectare to a grower tends to be fairly low, usually less than $5 per hectare and often less than $2.50 per hectare ($1/acre). Regardless of the yield potential of the planted crop, application of seed treatment is one of the least expensive choices a grower can make. Often, growers who farm in areas of low productivity may be tempted to forgo application of a seed treatment. This is usually a mistake since it is these very growers who cannot afford any yield or quality losses due to a plant disease.

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Seed Treatment Fungicides Market Segment Analysis - By Method

Seed Dressing holds the largest market for the seed treatment fungicides. This is the most common method of seed treatment. The seed is dressed with either a dry formulation or wet treated with a slurry or liquid formulation. Dressings can be applied at both farm and industries. Low cost earthen pots can be used for mixing pesticides with seed or seed can be spread on a polythene sheet and required quantity of chemical can be sprinkled on seed lot and mixed mechanically by the farmers. A range of fungicide seed dressings are available to control seed-borne diseases such as bunt, fusarium, septoria. After grass where wireworm can be a serious problem, an insecticidal dressing can be included in the seed dressing (dual purpose). Chemicals such as tefluthrin or clothianidin are currently approved. This last is very effective against aphids and seed treatment may be preferable to an autumn aphicide. Where there is a high risk of wheat bulb fly tefluthrin-treated seed should be used.

Seed Treatment Fungicides Market Segment Analysis - By Geography

North America dominated the Seed Treatment Fungicides market with a share of more than xx%, followed by APAC and Europe. In North America, U.S. is the leading consumer of seed treatment fungicides. Stringent government regulations towards reducing or curbing the use of agrochemicals coupled with increasing consumer awareness towards the presence of fertilizer residues in the produce, has resulted in a substantial increase in demand for seed treatment fungicides. According to the National Association of State Departments of Agriculture (NASDA); smuts and seedling-blight diseases caused in wheat, barley, oats, and others are controlled by seed treatment fungicides, which helps to kill the infections inside the seed during germination. The production of crops as feedstock for biofuels is another major reason for the large-scale use of seed treatment fungicides in North America.

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Seed Treatment Fungicides Market Drivers

Increasing prevention for plant diseases

The best way to have good production agriculture is by preventing the plants from diseases in which the Seed Treatment Fungicides plays a very vital role. To maintain a healthy garden environment plants need to be prevented from the fungus and to do so we need to Keep pruning equipment clean and in good repair, Don’t over-fertilize, and because fungal diseases love wet environments, always water in the morning so foliage has time to dry before nightfall. But even when everything is right diseases can still strike. It’s important to remember that nearly all fungicides are protectants, meaning they’re best used before, the pathogen first strikes. Full-blown disease outbreaks are very difficult to manage once they’re established.

Implementation of Governments Regulations

Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector. Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- each every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the Seed Treatment Fungicides market will grow.

Seed Treatment Fungicides Market Challenges

Impact of COVID 19

The global Seed Treatment fungicides Market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global seed treatment sector has been affected since the outset, primarily in China, the world's largest producer as well as consumer of agriculture micronutrients. The outbreak of a novel coronavirus in China has the most critical impact across the Chinese agriculture sector, affecting the movement of both agricultural products and raw materials in and out of the country. Moreover, this pandemic also expected to hit the agriculture industry in the U.S., Brazil, India, and EU-5 countries.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Seed Treatment Fungicides market. Major players in the Seed Treatment Fungicides Market are Adama Agricultural Solutions Ltd, BASF SE, Bayer Cropscience AG, Du Pont, FMC Corporation among others.

Acquisitions/Technology Launches

In August 2018, BASF closed the acquisition of businesses and a range of assets from Bayer, which would help the company to strengthen the market position in agricultural solutions.

Key Takeaways

North America dominates the Seed Treatment Fungicides market owing to increasing demand from in crops such as cereals & grains, Oilseeds & Pulses and Others.

Increasing usage of seed treatment solutions on expensive Genetically modified (GM) seeds, growth in the area under GM crops, increasing crop demand for biofuel and feed, and the use of fungicides as a low-cost crop protection solution are enhancing the market for seed treatment fungicides, globally.

Implementation of stringent government regulations related to agriculture will increase the market demand for Seed Treatment Fungicides in the near future.

COVID 19 pandemic will create hurdles for the Seed Treatment Fungicides market.

Related Reports :

A. Fruit and Vegetable Seeds Market
https://www.industryarc.com/Report/15231/fruit-vegetable-seed-market.html

B. Seed Market
https://www.industryarc.com/Research/Seed-Market-Research-508783

For more Agriculture Market reports @ https://www.industryarc.com/Domain/4/chemicals-materials-market-research.html

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