The seed treatment market is estimated to be valued at US$ 4.8 Bn in 2019 and is expected to exhibit a CAGR of 9.2% over the forecast period 2020-2027, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The seed treatment market involves the application of chemical or biological agents to seeds before planting to protect them from diseases, pests, and other external factors. Seed treatment helps in improving seed performance, germination, and enhancing crop yield potential. It also aids in reducing the cost of pesticide application and protects the environment by minimizing the use of chemicals. Seed treatment products find application in various crops such as cereals, oilseeds, vegetables, and fruits, ensuring a healthy and disease-free seedling establishment.
Market Dynamics:
The seed treatment market is being driven by two major factors. Firstly, the increasing research and development activities to develop innovative seed treatment products and technologies are driving market growth. Companies are focusing on developing seed treatment products that are more effective, eco-friendly, and have a longer shelf life. Secondly, the growing demand for high-quality and disease-resistant crops is fueling the market. Farmers are looking for efficient seed treatment solutions to safeguard their crops from pests, diseases, and unfavorable environmental conditions. The adoption of seed treatment methods is expected to increase as it offers cost-effective and sustainable solutions for crop protection.
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