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Increase In Agriculture Production Demand Drives The Growth Of The Seed Treatment Fungicide Market: Strengthening the Growth Trajectory of the Seed Treatment Fungicides Market
Seed Treatment Fungicides Market
What Is the Expected CAGR for the Seed Treatment Fungicides Market Through 2025?
The market size for seed treatment fungicides has seen significant growth in recent years. Rising from a value of $2.07 billion in 2024, it's projected to reach $2.24 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The upward trajectory in the historic period can be tied to factors such as global population growth, improved crop yield and quality, the growth of commercial agriculture, government interventions and regulations, as well as an uptick in the adoption of high-value crops.
What's the Projected Size of the Global Seed Treatment Fungicides Market by 2029?
In the coming years, the seed treatment fungicides market is anticipated to witness robust expansion. The market is projected to reach $3.23 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.6%. The expected surge during the forecast period can be ascribed to factors such as the influence of climate change on disease patterns, the emergence of bio-based fungicides, a growing need for improved crop resilience, effective management of invasive pests and diseases, and worldwide apprehensions regarding food security. Notable trends within the forecast period comprise advancements in formulations, seed covering technologies, customized remedies for various crops, digitized agriculture and precision farming, along with partnerships aimed at product innovation.
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Top Growth Drivers in the Seed Treatment Fungicides Industry: What's Accelerating the Market?
The predicted surge in demand for agricultural produce is anticipated to invigorate the expansion of the seed treatment fungicide market in the near future. Agricultural production, which involves a series of procedures such as crop raising, plowing, harvesting, and livestock farming, results in goods for sale on the market. The escalating demand for such produce is encouraging the growth of the seed treatment fungicides market because these fungicides help to curtail seedling rot, seed rot, and seedling disease instigated by a gamut of fungi. As an illustration, in September 2024, the California Department of Food and Agriculture, a cabinet-level agency, reported a growth of 4.4 percent in California's agricultural exports, touching $23.6 billion in 2022 from its previous year. Consequently, the soaring demand for agricultural produce is fueling the seed treatment fungicide market.
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What Trends Will Shape the Seed Treatment Fungicides Market Through 2029 and Beyond?
Leading enterprises in the seed treatment fungicide market are introducing state-of-the-art technologies like TYMIRIUM technology to boost crop durability against diseases and augment the overall health of the plant. This innovative solution in seed treatment merges both biological and chemical methodologies to bolster resistance of crops to diseases originating from soil. For instance, Syngenta, an agricultural enterprise rooted in Switzerland, unveiled VICTRATO in May 2022. This unique seed treatment solution is created to fight against harmful nematodes and soil-based fungal diseases that impact various crops. VICTRATO employs the Tymirium technology, which is especially advantageous for crops like soybeans and cotton by offering protection while they sprout and develop. This treatment provides a protective cover to the budding seedlings against diseases as they progress through the stubble of past crops.
What Are the Main Segments in the Seed Treatment Fungicides Market?
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
Subsegments:
1) By Synthetic Chemical: Triazoles, Strobilurins, Carboxamides
2) By Biological: Fungal Biocontrol Agents, Bacterial Biocontrol Agents, Plant Extracts And Oils
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Which Top Companies are Driving Growth in the Seed Treatment Fungicides Market?
Major companies operating in the seed treatment fungicides market include Cargill Inc, BASF SE, Dow Inc., Bayer AG, Sumitomo Corporation, Corteva Inc, DuPont de Nemours Inc., UPL Ltd, FMC Corporation, Nufarm Ltd, Croda International Plc, Novozymes A/S, DLF Seeds Group, 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.
Which Regions Will Dominate the Seed Treatment Fungicides Market Through 2029?
North America was the largest region in the seed treatment fungicides market in 2024. The regions covered in the seed treatment fungicides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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