Chemical Seed Treatment Market Overview:

The Chemical Seed Treatment Market size is estimated to reach $5.9 Billion by 2030, growing at a CAGR of 4.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Chemical Seed Treatment Market – By Chemical Type ( Insecticides, Fungicides,  Bactericides, Nematicides, Growth Regulators, Nutrient Enhancers, Systemic Protectants and Others), By Crop Type (Grains and Cereals, Pulses , Oilseeds, Fruits and Vegetables, Forages and Others), By Technique (Seed Coating, Seed Dressing and Seed Pelleting), By Form (Liquid, Powder and Granular), By Functionality (Seed Protection and Seed Enhancement) and  By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rising global food demand is driving the market for chemical seed treatments as farmers seek to enhance crop yields and ensure food security. Simultaneously, the increasing prevalence of pests and diseases further amplifies the need for effective solutions to protect crops, fueling the growth of the Chemical Seed Treatment industry during the forecast period.

Asia-Pacific Dominated the Market in 2023:

In 2023, the Asia-Pacific region held the largest share of 37% in the chemical seed treatment market, driven by major agricultural producers like China and India that create significant demand for effective seed treatments to boost crop yields and ensure food security. The region's diverse crop cultivation, ranging from rice and wheat to fruits and vegetables, necessitates tailored solutions that address specific pests and diseases. Additionally, as the impacts of climate change become more pronounced, farmers are increasingly seeking solutions that help crops withstand extreme weather conditions. Proactive government support for modern farming practices also fosters a favorable regulatory environment for adopting chemical seed treatments. For instance, a July 2024 news report from India Briefing indicates that India plans to implement a Production-Linked Incentive (PLI) program for the agrochemical sector to enhance employment, strengthen domestic manufacturing, and improve global competitiveness. Similarly, a March 2024 report by AgroPages highlights that in 2023, the Chinese government introduced various policies and measures to expedite the phaseout of highly toxic pesticides, focusing on improving registration, production, and sales processes to enhance market management and registration administration. These initiatives aim to ensure pesticide safety and efficacy while promoting innovative, sustainable, and high-quality development in the Chemical seed industry.

Chemical Seed Treatment Market: Key Takeaways

Increasing Prevalence of Pests and Diseases

Annually, between 20% to 40% of global crop production is lost to pests, highlighting the urgent need for effective protection measures. According to a March 2023 article from MDPI, the European Plant Protection Organization (EPPO) Global Database reports that common bacterial blight is found in 170 countries across all five continents. As global agricultural practices expand and climatic conditions change, these heightened risks necessitate innovative solutions and awareness to ensure healthy crop growth and maximize yields. For example, a 2023 seed quality survey by Sask Pulse indicated that pea and faba bean growers in Saskatchewan should consider using insecticidal seed treatments to mitigate damage. Neonicotinoid seed treatments are noted as the most effective defense against the pea leaf weevil in field peas when pest numbers are significant Farmers are increasingly turning to chemical seed treatments to protect their crops from these threats, driving demand and contributing to market growth. By preventing losses due to infestations and infections, these treatments play a crucial role in maintaining food security and supporting agricultural productivity.

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Growing Need for Food Security

As estimated by the United Nations, the global population is expected to reach 8.5 billion by 2030 leading the challenge to expand agricultural production and providing enough nutritious food becomes increasingly pressing. Food security defined as ensuring that all people have access to sufficient, safe, and nutritious food relies heavily on the ability of agricultural systems to produce abundant yields consistently. WHO report of July 2024 states that Around 733 million people faced hunger in 2023, equivalent to one in eleven people globally and one in five in Africa. If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa. With increasing population over the next two decades, total food consumption will likely rise by more than 50% by 2050.To meet this demand, farmers must maximize their crop production, which necessitates the use Chemical seed treatments. By enhancing seed germination and seed protection, these treatments help ensure that crops thrive, thereby contributing to greater overall yields. Additionally, as consumers become more concerned about food quality and safety, farmers are motivated to implement effective seed treatments to meet these expectations.

Scope of the Report: 

    Report Metric

                      Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

4.7%

Market Size in 2030

$5.9 Billion

Segments Covered

By Chemical Type, By Crop , By Technique, By Form, By Functionality and By Geography.

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, , Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

  1. Syngenta Group

  2.  BASF SE

  3. Bayer AG

  4. Corteva Agriscience

  5. NuFarm Ltd.

  6. Precision Laboratories

  7. FMC Corporation

  8.  UPL

  9. Sumitomo Chemical Co., Ltd.

  10. Kureha Corporation

Recent Developments:

  • In June 2024, ExcelAg Corp and Arboint International announced a strategic partnership aimed at bringing advanced technologies for seed enhancement and plant nutrition to India. This collaboration intends to provide effective solutions that improve crop establishment, enhance food quality, and promote sustainable and profitable farming practices.

  • In October 2023, Corteva announced the commercial release of Straxan fungicide seed treatment in Canada, offering farmers a new, user-friendly formulation designed to combat key seed and soil-borne cereal diseases. This highly compatible fungicide can be easily combined with various other seed treatment products.

  • In March 2023, Incotec and the tech-focused reforestation firm Land Life entered into a Memorandum of Understanding (MoU) to collaborate on an innovative project that incorporates smart coating technologies for tree seeds. This initiative aims to enhance reforestation efforts by allowing Land Life to sow seeds over expansive areas, providing a vital solution for addressing ecological decline.
Chemical Seed Treatment Market: Competitive Landscape

Key companies profiled in the Chemical Seed Treatment Market are Syngenta Group, BASF SE, Bayer AG, Corteva Agriscience, NuFarm Ltd., Precision Laboratories, FMC Corporation, UPL, Sumitomo Chemical Co., Ltd., Kureha Corporation and others.

Related Reports:

Hybrid Seeds Market -The Hybrid Seeds Market size is estimated to reach $38.7 billion by 2027. Furthermore, it is poised to grow at a CAGR of 6.5% over the forecast period of 2022-2027, owing to the rising demand for fruits and vegetables in emerging economies.

Biological Seed Treatment Market - Biological Seed Treatment market size is forecast to reach US$3.8 billion by 2030, after growing at a CAGR of 11.1% during 2024-2030. The growing population, food security and concerns over the environmental impact of chemical pesticides are fuelling the market demand. 

Insecticides Market - Insecticides market size is estimated to reach US$27.0 billion by 2027 after growing at a CAGR of 4.6% during 2022-2027. The increase in utilization of insecticides in range of crops is boosting the insecticide market growth.

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