Seed Treatment Market : Industry Size, Share, Company Profiles 2021 – 2027

Precision Business Insights published a research report on "Seed Treatment Market: By Product Function (Seed Enhancement, Crop Protection Chemicals) By Product Type (Non Chemical Seed Treatment, Chemical Seed Treatment) By Crop Type (Grains and Cereals, Turf and Ornamental plants, Oilseeds) By Application (Seed Dressing, Seed Pelleting, Seed Coating) By Geography - Global/Region/Country Forecast to 2027".

The seed treatment market was expected to valued USD 5.9 billion in the year 2020 and anticipated to value at USD 12.88 billion till 2027 witnessing a CAGR rate of 11.8% during the forecast period 2021-2027.

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Growing Awareness Related to Seed Treatment amid Farmers will Fuel Seed Treatment Market
The Seed treatment effectively works and obtained huge success through novel product development, which greatly helps to accomplish crop efficiency at the early stage of seedling. The seed treatment also helps to protect the seeds and consequently augments the crop yield. The main goal of seed treatment is to improve the seed performance. Advances with Various formulations and active components greatly aid to do seed treatment effectively. The seed treatment market is anticipated to gain traction over the estimation period because of growing demand for agricultural output for addressing increasing food related needs around the globe. Seed treatment protects the seeds against nematodes, insects and diseases. The seed treatment market is categorized according to product function, application, product type, and region and crop type. In addition, novel product advancements and initiatives taken by private players and government for making investments on R&D activities are anticipated to enhance the global seed treatment market growth. On the other hand, dearth of awareness about seed treatment products amid farmers, high price involved with the treatment and strict regulatory protocols are anticipated to hinder the market growth.

Seed Treatment Market - Regional Analysis
On the basis of regional analysis, seed treatment market is classified into major regions such as North America, Latin America, Asia pacific, Middle East, Europe and Africa. North America seed treatment market obtains huge market share over the forecast years owing to the growing consciousness amid farmers about seed treatment and the availability of subsidies by the government. Asia pacific market is expected to record fast growth during the estimation years due to the growing demand for the biological seed treatment, high reliance on the agriculture profits and presence of a huge number of unmet needs as well as untapped opportunities.

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Competitive Analysis
There are a few major key players operating in the seed treatment market are DuPont (U.S.), Monsanto Company (U.S.), INCOTEC Group BV (Netherlands), Syngenta AG (Switzerland), The Dow Chemical Company (U.S.) and Platform Specialty Products Corporation (U.S.). Key players launch new products into the market to expand their business and strengthen their position in the market. For example, Syngenta launched new seed treatment fungicide, PLENARIS in May 2017 to control downy mildew in sunflower. DuPont and Monsanto made an agreement in November 2016 to market LUMIVIA insecticide seed treatment of DuPont under the brand name of AACELERON in Eastern Canada.

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