by Seed treatment refers to applying a pesticide or other substance directly to seeds. Seed treatments protect seedlings from diseases, insects and other pests until plants are established. Seed treatments minimize crop loss and optimize planting efficiency. The Global Seed Treatment Market Size is estimated to be valued at US$ 7.87 billion in 2023 and is expected to exhibit a CAGR of 19% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Propelled by technological advancements in seed treatment, the global seed treatment market is expected to witness significant growth over the forecast period. Key players are increasingly focusing on developing novel seed treatment techniques using advanced technologies such as artificial intelligence, IoT and digitalization. For instance, various sensors and software are being used to monitor seed health, optimize sowing methods and automatically adjust treatment dosage. Live monitoring of seed germination with AI is also enhancing agricultural yields. Progress in precision agriculture technologies is revolutionizing seed treatment practices and boosting the market growth.
SWOT Analysis
Strength: Seed treatment protects seeds and seedlings from diseases, pests and abiotic stresses. This leads to improved plant health and higher yields.
Weakness: Overuse and misuse of chemicals in seed treatment can harm the environment and residues may remain in the soil. Strict regulations are in place to limit this.
Opportunity: Development of biopesticides and biological seed treatments provides opportunities as alternatives to chemicals. Demand is growing for sustainable agricultural practices.
Threats: Stringent regulations around residue limits and banning of certain chemicals may affect sales. substitute technologies like genetically modified seeds also pose a threats.
Key Takeaways
The global Seed Treatment Market is expected to witness high growth.
Regional analysis: Seed treatment finds widespread adoption in North America and Europe due to advanced agricultural practices and high vegetable and crop production. However, Asia Pacific is emerging as the fastest growing market for seed treatment driven by rising population, arable land expansion, and government support for advanced technologies.
Key players operating in the seed treatment market are Trimble Inc., 3D Systems Inc., ShapeGrabber Inc., Creaform, Hexagon AB, GOM, 3D Digital Corp, Faro Technologies Inc., Autodesk, Inc., Topcon Corporation, and Maptek Pty Ltd. These players are focusing on developing novel technologies for protection against diseases and pests. partnerships and acquisitions are also common to enhance their product portfolios.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
