Press release
Seed Treatment Fungicides Global Market will Exceed $2.89 Billion By 2028 with a Projected CAGR of 8.5% | Glencore PLC, Cargill Inc., BASF SE, Dow Inc., Bayer AG
Seed Treatment Fungicides Global Market
Seed Treatment Fungicides Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.89 billion In 2028 At A CAGR Of 8.5%.
The seed treatment fungicides market size has grown strongly in recent years. It will grow from $1.93 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased global population, higher crop yield and quality, expansion of commercial agriculture, government support and regulations, increased adoption of high-value crops..
The seed treatment fungicides market size is expected to see strong growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to climate change impact on disease patterns, development of bio-based fungicides, increasing demand for enhanced crop resilience, invasive pest and disease management, global food security concerns. Major trends in the forecast period include advancements in formulations, seed coating technologies, tailored solutions for different crops, digital agriculture and precision farming, collaborations for product innovation.
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Seed Treatment Fungicides Market Major Segments
The seed treatment fungicides market covered in this report is segmented -
1) By Type: Synthetic Chemical, Biological
2) By Form: Liquid, Powder
3) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Other Crop Types
4) By Application: Coating, Dressing, Pelleting
Key Driver - Increase In Agriculture Production Demand Drives The Growth Of The Seed Treatment Fungicide Market
The increase in agriculture production demand is expected to propel the growth of the seed treatment fungicide market in the coming future. Agricultural production comprises a set of operations like crop cultivation, plowing, harvesting, and animal rearing that contribute to a product that is going to be sold on the market. The increase in agriculture production demand is driving the expansion of the seed treatment fungicides market, as they are employed to minimize seedling rot, seed rot, and seedling disease that are caused by a wide variety of fungi. For instance, in September 2022, according to the California Department of Food and Agriculture, a US-based cabinet-level organization responsible for promoting and safeguarding a safe, nutritious food supply as well as boosting local and worldwide agricultural trade, California's exports of agricultural products amounted to $22.5 billion in 2021, a 7.0% rise from the previous year. Therefore, the increase in agriculture production demand is driving the seed treatment fungicide market.
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Prominent Trend - Technological Advancements Drive Innovation In The Seed Treatment Fungicide Market
Technological advancements are the key trend gaining popularity in the seed treatment fungicide market. Major companies operating in seed treatment fungicides are focused on developing innovative technologies to strengthen their position in the market. For instance, in October 2021, UPL Ltd., an India-based manufacturer of seed treatment fungicides, agrochemicals, and other specialty chemicals, introduced a smart, technologically driven seed treatment option called 3-Way Electron Mix. 3-Way Electron Mix seeks to provide cost-effective seed protection, minimize incorrect germination, and offer the advantages of both insecticides and fungicides. The ELECTRON 3-WM technology is an effective technique for protecting seeds and seedlings against pests and diseases during the early phases of crop establishment. It safeguards seed from every aspect, resulting in higher yields for farmers.
Seed Treatment Fungicides Market Players
Major companies operating in the seed treatment fungicides market report are Glencore plc, Cargill Inc, BASF SE, Dow Inc., Bayer AG, Sumitomo Corporation, Corteva Inc, Monsanto Company, DuPont de Nemours Inc., UPL Ltd, FMC Corporation, Nufarm Ltd, Croda International Plc, Novozymes A/S, DLF Seeds Group, Kureha Corporation, Bioceres Crop Solutions Corp, Indofil Industries Limited, Rallis India Limited, Rotam Global AgroSciences Limited, Verdesian Life Sciences LLC, Helena Agri-Enterprises LLC, Certis Europe B.V., Loveland Products Inc., Germains Seed Technology Inc, Syngenta AG, Bioworks Inc., Vizag Chemicals Private Limited, SWAL Corporation Ltd., Krishi Rasayan Group.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the seed treatment fungicides market in 2023. The regions covered in the seed treatment fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Seed Treatment Fungicides Market Report Structure
3. Seed Treatment Fungicides Market Trends And Strategies
4. Seed Treatment Fungicides Market - Macro Economic Scenario
5. Seed Treatment Fungicides Market Size And Growth
…..
27. Seed Treatment Fungicides Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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