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Chemical Seed Treatment For Ornamental And Turf Market: Major Trends Reshaping the Future of the Industry
Chemical Seed Treatment For Ornamental And Turf Market
What Will the Chemical Seed Treatment For Ornamental And Turf Industry Market Size Be by 2025?
The market size for chemical seed treatment for ornamental and turf has witnessed substantial growth in the past few years. The market is projected to expand from $1.33 billion in 2024 to $1.45 billion in 2025, with a compound annual growth rate (CAGR) of 8.4%. The significant growth during the historical period can be linked to the increased popularity of smart homes, rising concerns about data security, the proliferation of media streaming services, the availability of affordable storage solutions, enhanced connectivity standards, and heightened awareness.
What's the Long-Term Growth Forecast for the Chemical Seed Treatment For Ornamental And Turf Market Size Through 2029?
In the next few years, the market size for chemical seed treatment for ornamental and turf is predicted to witness significant expansion, with an expected growth to "$2.02 billion in 2029 at a compound annual growth rate (CAGR) of 8.8%. This growth in the projected period is credited to demands for edge computing, a focus on energy efficiency, enhancements in cybersecurity, e-commerce data storage, and regulatory adherence. The forecast period is set to see major trends such as cloud services integration, adoption of hybrid NAS solutions, user-friendly interfaces, features permitting collaboration and remote access, as well as backup and disaster recovery.
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What Are the Key Growth Drivers Fueling the Chemical Seed Treatment For Ornamental And Turf Market Expansion?
The boost in agricultural productivity is anticipated to stimulate the growth of the chemical seed treatment for the ornamental and turf industry in the future. Agricultural productivity is defined as the market value gauge for the crop yield of an agriculture production mechanism that employs land, labor, capital, and other supplies for yield generation. Seed treatments, which safeguard seeds and crops from pest and insect attacks and ensure food safety, are instrumental in escalating agricultural productivity. For instance, the UK's government department - the Department for Environment, Food, and Rural Affairs (DEFRA) reported that in 2024, over the last two years (2021/2022 and 2022/2023), there was a 22.2% increase in the total productivity factor of the agricultural sector in the UK, hitting a record peak. Therefore, the rise in agricultural productivity has the potential to spur the chemical seed treatment industry.
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What Are the Key Trends Driving Chemical Seed Treatment For Ornamental And Turf Market Growth?
The introduction of new and unique products is a dominant trend in the chemical seed treatment industry for ornamental and turf markets. To maintain their standing in this market, top companies commonly release innovative products. Take for example, Syngenta AG, an agricultural science corporation based in Switzerland, released a new herbicide named Recognition in April 2023. This herbicide was developed to manage difficult weeds and ensures enhanced safety. A special safener incorporated in its design enables wide-spread applications and keeps herbicides in tank mixes safer, providing faster, more potent, and wider range control.
How Is the Chemical Seed Treatment For Ornamental And Turf Market Segmented?
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
Subsegments
1) By Seed Protection: Fungicides, Insecticides, Nematicides, Herbicides
2) By Seed Enhancement: Growth Regulators, Nutrient Coatings, Biostimulants, Soil Amendments
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Which Companies Are Leading the Charge in Chemical Seed Treatment For Ornamental And Turf Market Innovation?
Major companies operating in the chemical seed treatment for ornamental and turf market include BASF SE, Bayer AG, FMC Corporation, Syngenta AG, Sumitomo Chemical Co Ltd., Bioworks Inc., Marrone Bio Innovations Inc., Corteva Inc., United Phosphorus Ltd., Novozymes AS, 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
Which Regions Are Leading the Global Chemical Seed Treatment For Ornamental And Turf Market in Revenue?
Asia-Pacific was the largest region in the chemical seed treatment for ornamental and turf market in 2024. The regions covered in the chemical seed treatment for ornamental and turf market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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