Growing Adoption of Precision Agriculture and Sustainable Farming Practices Coupled with the Increasing Use of Genetically Modified Seeds has Propelled the Growth of the Seed Treatment Market in the APAC Region!
- Vikas Kumar
- December 23, 2023
- CHEMICAL, NEWS
- Seed Treatment Market Analysis, Seed Treatment Market Forecast, Seed Treatment Market Growth, Seed Treatment Market Outlook, Seed Treatment Market Share, Seed Treatment Market Size, Seed Treatment Market Trends
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The adoption of precision agriculture, sustainable farming practices, and genetically modified seeds bring many benefits, such as increased yields, reduced costs, and improved environmental sustainability. They also raise some important issues. There are concerns about the potential health and environmental impacts of genetically modified crops, as well as the need for effective regulation and oversight.
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Further, Precision agriculture is a farming method that uses advanced technologies, such as GPS and sensors, to improve crop yields and reduce costs. This can include using drones to survey fields, applying variable rate technology to apply fertilizers and pesticides more precisely, and using data analytics to make more informed decisions about crop management.
Also, Sustainable farming practices aim to protect the environment and promote social responsibility while still achieving economic goals. This can include using conservation tillage to reduce soil erosion, using organic fertilizers and pesticides, and adopting agroforestry practices to integrate trees into crop production.
Further, the APAC Seed Treatment Market is expected to grow at a significant CAGR of 10% during the forecast period (2022-2030). APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising demand for forage and fodder crops in the region. Also, with the rising demand for high-quality seeds and increasing awareness of crop protection and digital solutions, the demand for seed treatment is increasing in the market. For instance, in Sep 2022, Corteva launched Cutting-edge Technology in Seed Treatment. The treated seeds would protect paddy crops against insect attacks for 60 to 70 days after they were sown.
FIG. 1 APAC Seed Treatment Market Revenue (2020-2030)- USD Mn
Based on application technique, the market is categorized into coating, pelleting, dressing, and others. Among these, the coating is expected to grow with a significant CAGR during the forecast period. This is mainly due to the help to increase the germination rate of the seeds, which means that more of the seeds will grow into healthy plants. Also, help to protect the seeds from pests and diseases, which can reduce the risk of crop failure and increase the yield of the harvest. Additionally, the use of coating in seed treatment can make the seeds more resistant to environmental stress, such as drought or extreme temperatures. Thus, such factors are increasing the growth of the market.
Based on crop type, the market is categorized into cereals, oilseeds, fruits & vegetables, and others. Among these, cereals are expected to grow with a significant CAGR during the forecast period. This is mainly due to the production & consumption of cereals along with the support from governmental authorities for food storage which led to the growth of the market. For instance, after the Russia-Ukrain war, the scarcity of food disrupted the global food supply. Due to this, the Centre plans the world’s largest grain storage scheme for food security. Schemes under ministries including the Ministry of Agriculture and farmers welfare, consumer affairs, food and public distribution, and food processing also to be merged.
For a detailed analysis of the Global Seed Treatment Market browse through – https://univdatos.com/report/seed-treatment-market/
Global Seed Treatment Market Segmentation
Market Insight, by Type
- Chemical
- Synthetic Chemicals
- Biological
- Physical
Market Insights, by Application Technique
- Coating
- Pelleting
- Dressing
- Others
Market Insights, by Function
- Seed Protection
- Seed Enhancement
Market Insights, by Crop Type
- Cereals
- Oilseeds
- Fruits & Vegetables
- Others
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- APAC
- China
- India
- Japan
- Australia
- Rest of APAC
- Rest of the World
Top Company Profiles
- BASF SE
- Syngenta Crop Protection AG
- Bayer AG
- Sumitomo Chemical Co., Ltd.
- Croda International Plc
- Valent BioSciences LLC
- Novozymes
- Corteva
- Nufarm US
- FMC Corporation
