Press release
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by 2029
Seed Treatment Fungicides
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth during the historical period include a rising global population, enhanced crop yield and quality, the growth of commercial agriculture, supportive governmental policies and regulations, and a growing preference for high-value crops.
Seed Treatment Fungicides Market Forecast: What Size Will It Reach By 2029?
Anticipations are high for robust expansion in the seed treatment fungicides market within the coming years. The market is estimated to flourish to a staggering $3.15 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. Factors propelling this growth during the forecast period consist of climate change influencing disease prevalence, emerging bio-based fungicides, the escalating demand for improved crop sturdiness, management of invasive pests and diseases, and worldwide apprehensions over food security. Furthermore, moving into the forecast period, advancements in formulations, seed coating techniques, customized solutions for diverse crops, the advent of digital agriculture and precision farming, and partnerships for product innovation are the key trends to be seen.
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Which Key Market Drivers Will Shape Seed Treatment Fungicides Industry Trends in 2025-2029?
The growth in demand for agricultural production is predicted to fuel the expansion of the seed treatment fungicide market in the near future. Agriculture production, which includes activities like crop production, ploughing, reaping and livestock farming, results in a product meant for sale in the market. A rise in the demand for agricultural goods is boosting the seed treatment fungicides market, as these fungicides are utilized to reduce the threat of seed, seedling decay, and seedborne diseases caused by a range of fungus types. As an illustration, the California Department of Food and Agriculture, a US government entity, reported in September 2024, that agricultural exports in California hit $23.6 billion in 2022, which was a 4.4 percent increase from the previous year. Hence, the surge in demand for agricultural products contributes to the growth of the seed treatment fungicide market.
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What Are the High-Growth 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
Which Global Trends Are Driving Seed Treatment Fungicides Market Expansion?
The seed treatment fungicide market is being driven by leading corporations innovating with advanced technologies like TYMIRIUM. This technology improves crop resistance to diseases and enhances the overall health of the plants. TYMIRIUM combines biological and chemical methods in its innovative seed treatment system to fortify plants against diseases originating in the soil. In May 2022, for example, the Switzerland-based agriculture firm Syngenta launched VICTRATO, a unique seed treatment engineered to fight adversarial nematodes and soil-borne fungal diseases impacting a range of crops. VICTRATO employs Tymirium technology, exceptionally advantageous for plants like soybeans and cotton, as it offers protection as the seedlings germinate and develop. It remains effective as the seedlings navigate through the residual stubble from past crops, continuing to shield them from disease.
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Who Are the Fastest-Growing Companies in the Seed Treatment Fungicides Industry?
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.
What Is the Regional Outlook for the Seed Treatment Fungicides Market by 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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