The market for seed treatment is estimated at USD 6.1 Billion in 2022; it is projected to grow at a CAGR of 8.3% to reach USD 9.2 Billion by 2027. Seed treatment being a low cost crop protection solution to farmers is the major factor projected to drive the growth of the seed treatment market during the forecast period.
The seed treatment market consists of a few globally established players such as BASF SE (Germany), Bayer AG (Germany), Syngenta Group (Switzerland), Corteva Agriscience (US). Product innovations, agreements, collaborations, and partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies helped the companies in increasing their presence across the globe. The expansions were the most used strategy by key players in the seed treatment market. Recent product launches and agreements were carried out by companies such as BASF SE (Germany), Syngenta Group (Switzerland), Koppert (Netherlands) in an attempt to upgrade and expand existing facilities.
Some other leading players in the seed treatment market include Croda International Plc. (UK), Plant Health Care (US), Certis Europe (Netherlands), Verdesian Lifesciences (US), Agrauxine (France), Rizobacter (Argentina), Bioworks (US).
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Syngenta (Switzerland), is a leading player in the seed treatment market with extensive global presence. It is one of the leaders in the agribusiness industry that offers products for crop protection, seeds, and flowers markets and others. The company operates through two major business segments: crop protection and seeds. Seed treatment is considered under the crop protection segment along with insecticides, herbicides, and fungicides for weed and insect control, diseases in crops, and products to help growers improve its agriculture productivity and food quality. Key brands offering seed treatment products include ApronMaxx, ApronXL, AvictaComplete, Bion, AvictaElite, ClarivaComplete, ClarivaElite, Concep, Cruiser, CruiserMaxx, CruiserMaxxVibrance, DividendExtreme, Dynasty, Epivio, FarMore, HelixVibrance, Fortenza, Maxim, Plenaris, Regard, Saltro, Trebuset, Trigard, Vayantis, and Vibrance.
Syngenta is committed to reducing the carbon footprint of the agriculture industry and helping farmers mitigate and adapt to climate change. In 2020, Syngenta invested USD 490 million in sustainable technology breakthroughs. The company has a presence in more than 100 countries.
BASF (Germany) is amongst the largest chemical companies globally. It operates through various business segments, including chemicals, materials, industrial solutions, surface technologies, nutritional care, and agricultural solutions. Under the agricultural solutions, the company has a comprehensive portfolio of seeds & traits, seed treatment, fungicides, insecticides, and herbicides. The seed treatment products offer chemicals, biologicals as well as inoculants. In 2021, the company invested USD 1,012.5 million in the research and development of agricultural solutions.
The company has a presence in 90 countries with over 232 production facilities and around 90,000 customers worldwide. Europe, North America, and Asia Pacific are the key geographies accounting for over 90% of its sales in 2021.
Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection and Seed Enhancement), Formulation, Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables) and Region - Global Forecast to 2027
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