The global seed treatment market size hit USD 10.15 billion in 2021. The market value is slated to rise from USD 11.32 billion in 2022 to USD 26.01 billion by 2029, exhibiting a CAGR of 12.62% during the forecast period. In recent years, the agricultural industry has undergone a significant transformation from a single product paradigm to one that addresses multiple challenges impacting crop yields and quality, says Fortune Business InsightsTM in its report titled, “Seed Treatment Market, 2022-2029”.
List of Key Market Players:
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156
Segments-
By Type, Synthetic Chemicals Segment Holds the Largest Market
Synthetic chemicals are expected to experience significant sales increase since they may successfully control plant diseases and pests more quickly than organic remedies. As there are numerous high-accuracy automatic treatment devices available, they require less work. To protect seeds from disease, fungicides and insecticides composed of synthetic chemicals are sprayed on the seeds. The high cost of genetically modified seeds has a substantial impact on the demand for chemical treatments.
By Function, Seed Protection will Continue to Hold a Significant Market Share
Seed enhancement and seed protection are included in the function segment. Given that it offers a comprehensive defense against a variety of plant stressors in a single product that is grower-friendly, crop-friendly, and ecologically responsible, the seed protection market is predicted to expand at the quickest rate. Moreover, compared to conventional crop protection products, seed protection treatments offer competitive costs, reduce application efforts, and save time.
By Application Technique, Seed Dressing Sector is Driven by Early Foliar Infection Protection of Crops