Growing Demand in the Seed Treatment Market Set for Big Surge

Posted by Growing Produce Staff|February 21, 2024

All good crops start with good seed. The need for new-and-improved seed treatment technology continues to grow in importance for farmers. This is confirmed in a economic report compiled by Market.us. According to the report’s findings, the global seed treatment market is forecast to be worth around $15.5 billion (USD) by 2033. This is up from $6.9 billion (USD) in 2023. This would equate to a compound annual growth rate of 8.4% from 2024 to 2033.

Seed treatment is aimed at protecting seeds from pathogens, insects, and other pests, as well as to enhance seed performance under various soil and environmental conditions. Treatments can include fungicides, insecticides, nematicides, and other protective coatings that improve seed germination, plant health, and yield outcomes.

The report highlights several factors affecting growth of the global seed treatment industry, including:

• Technological Advancements: Rapid advancements in seed treatment technologies contribute to increased efficiency, efficacy, and adoption in the global industry.
• Environmental Concerns: Growing awareness of environmental sustainability drives demand for eco-friendly seed treatment methods, boosting the industry’s growth.
• Regulatory Landscape: Changes in regulations impact the industry, influencing the development and approval of seed treatment products, and affecting market dynamics.
• Crop Disease Challenges: The prevalence of crop diseases and pests necessitates enhanced seed treatment solutions, driving innovation and demand for effective treatments.
• Market Demand for Higher Yields: The increasing global population and the demand for higher agricultural productivity propel the need for advanced seed treatment methods to optimize crop yields.

A couple key takeaways from the report:

• Type Dominance: In 2023, chemical seed treatments commanded a 68.6% market share, while biological treatments gained momentum for their eco-friendly attributes.
• Crop Segments: Cereals and grains led with 41.3% market share, followed by oilseeds and fruits and vegetables.
• Function Dynamics: Seed protection, encompassing insecticides and fungicides, claimed a dominant 38.7% market share, with seed enhancement growing due to sustainability trends.
• Application Methods: Coating dominated with a 39% market share, offering benefits like improved handling and protection against diseases and pests.