Press release
Seed Treatment Market Overview, Segment Analysis, Growth, Development and Demand Forecast to 2030
The pandemic emphasized the global seed treatment industry to fulfill the basic requirement of the massive population. In this period, the agrochemical companies benefitted a lot compared to the previous year.
Under the product type, the chemical category captures a substantial share of the seed treatment industry, in terms of both larger volume and revenue shares. It is ascribed to the potential of chemical seed treatment to enhance the germination process and health management. In addition, seed treatment chemicals repel microorganisms, pests, and insects compared to biological seed treatment products.
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Under the crop segment, cereals and grains capture a significant share of the seed treatment industry, for seed treatment products, in terms of value and volume. It is ascribed to high-volume production of cereals and grains, such as wheat, ragi, corn, sorghum, and rice, led by growing consumption due to population explosion, and rising per capita income.
APAC captures a significant share of the seed treatment industry, and it is projected to retain its dominance in the coming future. It is led by the high-volume production of crops in Vietnam, Australia, China, and South Korea. Moreover, these countries apply seed protection production to prevent crop damage.
The population explosion creates the demand for the basic requirement of cereals for both animals and humans. It results in a rising need for seed treatment products for ensuring good quality seeds to cater to the rising demand for crop production. Therefore, the demand for protecting seedlings and young plants from seed-borne or soil-borne diseases fuels the growth of the seed treatment industry.
The technological innovation in the seed coating delivery systems has replaced the coating systems being used earlier. Earlier, copper sulfate was utilized in the seed treatment. Presently, seed priming is preferred due to physiological innovation for emphasizing seedling development supported by pre-germination metabolic processes.
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The rising demand for biofuels led by the growing environmental concerns and initiatives by the government drive the sales of seed treatment products. A variety of plants are utilized for producing biofuels. For example, sugarcane is utilized for the production of bioethanol. The oil or sugar is extracted from plants' seeds to produce good quality biofuels.
The major companies operating in the industry are FMC Corporation, Nufarm Limited, Globachem N.V., Verdesian Life Sciences LLC, Germains Seed Technology, and Valent USA Corporation.
Therefore, the population explosion resulting in massive demand for cereals fuels the growth of the seed treatment industry.
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Global Specialty Chemicals Industry - https://www.psmarketresearch.com/press-release/specialty-chemicals-market
Biodegradable Mulch Film Industry - https://www.psmarketresearch.com/press-release/biodegradable-mulch-film-market
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