Seed Treatment Market Growth Analysis, Opportunities, Trends, Developments, And Forecast to 2030

The population, especially of developing countries, is growing rapidly, which is set to play a key role in the boom of the global population from 7.7 billion in 2019 to 9.7 billion by 2050, says the United Nations (UN). This is propelling the demand for food, the production of which is already not enough to feed the current population, and its growth is driving the rate of starvation. There are a number of reasons for inadequate crop yield, including pests and diseases, natural calamities, and urbanization and reducing farming area.

P&S Intelligence considers all these factors while forecasting significant growth of the seed treatment market revenue from around $6 billion in 2020. This is because coating or injecting seeds with chemical and biological agents makes them impervious to microbial diseases, helps ward of pests, and improves their germination. Thus, with the agrarian community turning to advanced techniques to boost the crop yield, the consumption of such agents will only increase.

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Still, among all types of crops, cereal and grain seeds are treated before sowing the most commonly. This is because these crops are the fuel for people, as they provide humans with energy in the form of carbohydrates. As per the Food and Agriculture Organization (FAO), global cereal production in 2021 will be 2,817 million tonnes, around 1.7% more than in 2020. For 2029, the FAO’s forecast stands at 3,054 million tonnes, which reflects a booming demand for seed treatment products.

The seeds can be pre-treated, wherein a chemical company sells the agents to a third-party seed provider, who then applies the agents before selling the seeds to the farmer. Alternatively, a farmer can buy the seed treatment product directly from the chemical company and seeds from the third party or take them from their own stock and then treat them at the farm itself, just before sowing. Of these, the pre-treatment method is more-commonly practiced because modern methods are usually required for the process, which third-party seed providers can better utilize at their lab or treatment center.

To meet the rising demand for such agents, chemical firms are spending large sums on making them better. For instance, a biological seed treatment product was launched by Advanced Biological Marketing Inc. in July 2020. A metabolite, it needs to be applied in small amounts, of merely 0.1 fluid ounces per unit of seed. The per-hectare yield gains from it have been calculated at up to 11 bushels. Similarly, in March 2020, a seed treatment agent with a non-neonicotinoid base was launched by Corteva Inc. to protect cereals, lentils, and peas from pests.

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Presently, Asia-Pacific (APAC) is the largest seed treatment market because it is home to some of the most-agriculturally productive countries in the world, including China, India, and Vietnam. Additionally, these are also countries with huge populations, which is why the problem of starvation and malnutrition has always been big here. As a result, farmers in the region are doing all they can to boost their crop yield, especially in the face of the expanding cities, which are taking up arable land.

Thus, with the booming population and food demand, the practice of seed treatment will continue to find takers.

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This release was published on openPR.