The Seed Treatment Fungicides Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Seed Treatment Fungicides Global Market Report 2024, The seed treatment fungicides market size has grown strongly in recent years. It will grow from $1.93 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to increased global population, higher crop yield and quality, expansion of commercial agriculture, government support and regulations, increased adoption of high-value crops..
The seed treatment fungicides market size is expected to see strong growth in the next few years. It will grow to $2.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to climate change impact on disease patterns, development of bio-based fungicides, increasing demand for enhanced crop resilience, invasive pest and disease management, global food security concerns. Major trends in the forecast period include advancements in formulations, seed coating technologies, tailored solutions for different crops, digital agriculture and precision farming, collaborations for product innovation.
The increase in agriculture production demand is expected to propel the growth of the seed treatment fungicide market in the coming future. Agricultural production comprises a set of operations like crop cultivation, plowing, harvesting, and animal rearing that contribute to a product that is going to be sold on the market. The increase in agriculture production demand is driving the expansion of the seed treatment fungicides market, as they are employed to minimize seedling rot, seed rot, and seedling disease that are caused by a wide variety of fungi. For instance, in September 2022, according to the California Department of Food and Agriculture, a US-based cabinet-level organization responsible for promoting and safeguarding a safe, nutritious food supply as well as boosting local and worldwide agricultural trade, California’s exports of agricultural products amounted to $22.5 billion in 2021, a 7.0% rise from the previous year. Therefore, the increase in agriculture production demand is driving the seed treatment fungicide market.
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The seed treatment fungicides market covered in this report is segmented –
1) By Type: Synthetic Chemical, Biological
2) By Form: Liquid, Powder
3) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Other Crop Types
4) By Application: Coating, Dressing, Pelleting
Technological advancements are the key trend gaining popularity in the seed treatment fungicide market. Major companies operating in seed treatment fungicides are focused on developing innovative technologies to strengthen their position in the market. For instance, in October 2021, UPL Ltd., an India-based manufacturer of seed treatment fungicides, agrochemicals, and other specialty chemicals, introduced a smart, technologically driven seed treatment option called 3-Way Electron Mix. 3-Way Electron Mix seeks to provide cost-effective seed protection, minimize incorrect germination, and offer the advantages of both insecticides and fungicides. The ELECTRON 3-WM technology is an effective technique for protecting seeds and seedlings against pests and diseases during the early phases of crop establishment. It safeguards seed from every aspect, resulting in higher yields for farmers.
The seed treatment fungicides market report table of contents includes:
1. Executive Summary
2.Seed Treatment Fungicides Market Characteristics
3.Seed Treatment Fungicides Market Trends And Strategies
4. Seed Treatment Fungicides Impact Of COVID-19
5. Seed Treatment Fungicides Market Size And Growth
6.Seed Treatment Fungicides Segmentation
7. Seed Treatment Fungicides Regional And Country Analysis
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27.Seed Treatment Fungicides Competitive Landscape And Company Profiles
28.Seed Treatment Fungicides Key Mergers And Acquisitions
29.Seed Treatment Fungicides Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Glencore PLC
- Cargill Inc.
- BASF SE
- Dow Inc.
- Bayer AG
- Sumitomo Corporation
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