Press release
Chemical Seed Treatment For Ornamental And Turf Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033
The chemical seed treatment for ornamental and turf market size has grown strongly in recent years. It will grow from $1.23 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise of smart homes, data security concerns, media streaming services, affordable storage solutions, improved connectivity standards, increased awareness..The chemical seed treatment for ornamental and turf market size is expected to see strong growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to edge computing requirements, focus on energy efficiency, cybersecurity enhancements, e-commerce data storage, regulatory compliance.. Major trends in the forecast period include integration of cloud services, hybrid nas solutions, user-friendly interfaces, collaboration and remote access features, backup and disaster recovery..
Market Overview -
Chemical seed treatment for ornamental and turf refers to treating the seeds of various ornamental and turf plants with fungicides, pesticides, or other substances to protect them from seed-borne or soil-borne pathogenic organisms. These are used to treat the seeds with fungicides to protect against various diseases.
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Surge In Harvested Grains In Europe And Its Implications
The increasing agricultural productivity is expected to propel the chemical seed treatment for the ornamental and turf market going forward. Agricultural productivity refers to the measure of the market value of the crop yield of an agricultural production system that uses inputs such as land, labor, capital, and other resources to produce yield. Seed treatments are used to protect seeds and crops from attacks by pests and insects and are used for food safety, which propels the agricultural productivity. For instance, in November 2022, according to Eurostat, a Luxembourg government agency, 297.5 million metric tons of harvested grains, including rice, were produced in Europe, an increase of 4.2 %, or 12.1 million metric tons, over 2020. Furthermore, according to The Food and Agriculture Organization, a US-based specialized agency that leads international efforts to defeat hunger and improve nutrition and food security, the global production of primary crops increased by 52 % between 2000 and 2020, to 9.3 billion tons in 2020. Therefore, the increasing agricultural productivity will drive the chemical seed treatment for ornamental and turf.
Competitive Landscape -
Major companies operating in the chemical seed treatment for ornamental and turf market report are BASF SE, Bayer AG, FMC Corporation, Syngenta AG, Sumitomo Chemical Co Ltd., Bioworks Inc., Marrone Bio Innovations Inc., Corteva Inc., United Phosphorus Ltd., Solvay SA, Novozymes AS, Eastman Chemicals Ltd., Croda International plc, DuPont de Nemours Inc., Germains Seed Technology, Nufarm Limited, ADAMA Ltd., Platform Specialty Products Corporation, Precision Laboratories LLC, Verdesian Life Sciences, Incotec Group BV, Tagros Chemicals India Ltd., Advanced Biological Marketing Inc., Gustafson LLC, Loveland Products Inc., Plant Health Care, Stoller Enterprises Inc., Gowan Company LLC, LanzaTech, Certis Europe B.V
Product Innovation Driving Competitiveness In Chemical Seed Treatment
Product innovation is a key trend in the chemical seed treatment for ornamental and turf markets. Major companies in the chemical seed treatment for ornamental and turf markets launch new and innovative products to sustain their position in the chemical seed treatment for ornamental and turf markets. For instance, in April 2023, Syngenta AG, a Switzerland-based agricultural science and technology company, launched Recognition®, a new and innovative herbicide to control tough weeds and provide outstanding safety. It is uniquely designed with a proprietary safener that allows broadcast applications and makes herbicides safe in tank mixtures for faster, stronger, and broader-spectrum control.
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Key Segments -
The chemical seed treatment for ornamental and turf market covered in this report is segmented -
1) By Function: Seed Protection, Seed Enhancement
2) By Form: Liquid, Dry
3) By Application: Seed Coating, Seed Dressing, Seed Pelleting
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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