APAC Biological Seed Treatment Market Share 2023, Growth Drivers, Emerging Trends, Industry Size, Revenue, Challenges, Business Opportunities and Future Competition Till 2033: SPER Market Research
Seeds treatment are used to prevent diseases that are borne on seeds as well as those that are based in the soil. Diseases borne on the soil can infect plant roots. The market demand for seed treatment has increased as a result of growing awareness of high agricultural yield and the development of organic seed treatment, which removes dangerous chemical residues from grains and other agricultural products. Agrochemicals, or crop protection chemicals, and genetically modified (GM) crop seeds make up the seed treatments market. Regarding market share and product innovations, crop protection chemicals hold the highest share in this particular segment. Among the subcategories that comprise the seed treatment market are chemical fungicides, chemical insecticides, bio-control seed treatments, and other chemical seed treatments.
According to SPER market research, ‘Asia-Pacific Seed Treatment Market Size – By Application, By Crop Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Asia-Pacific Seed Treatment Market is predicted to reach USD 1.57 billion by 2033 with a CAGR of 11.53%.
The market for seed treatments is expanding rapidly due to several important factors. First of all, the need for higher crop yield and productivity has increased due to the expanding global population and the ensuing rise in food demand. Effective seed treatment, encompassing multiple technologies like coating, priming, and pelleting, is essential for enhancing seed productivity, elevating germination rates, and safeguarding against pests and illnesses. Second, there is a greater need for seed treatments, which help reduce the use of chemicals and their negative effects on the environment, as a result of increased awareness and adoption of sustainable agricultural practices.
Furthermore, one of the main factors driving the worldwide market for seed treatments is the high cost of hybrid and genetically modified seeds. A growing number of farmers are thinking about seed treatment as a means of safeguarding their investments in premium seeds due to the regulatory concerns surrounding fumigation and foliar pesticide application.
As the market for premium seeds with desired agronomic characteristics expands, it is anticipated that seed prices will increase. To guarantee high-quality seeds, businesses and farmers are prepared to invest in seed treatment technologies.
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Seed treatment market dynamics and growth potential are impacted by several challenges. The rules controlling the application of chemical seed treatment are becoming more and more onerous, which presents a big obstacle. Rules restricting the kinds and amounts of chemicals that can be sprayed on seeds are becoming more stringent as concerns about the environment and human health grow in popularity. New seed treatment product introduction is made more difficult by this, and continual innovation in the creation of sustainable and eco-friendly solutions is required.
Impact of COVID-19 on Asia-Pacific Seed Treatment Market
The COVID-19 pandemic negatively impacted the seed treatment industry in the area by upsetting the supply chain as a result of several restrictions put in place by local government bodies. More than 85% of participants in a survey by the World Vegetable Center and the Asia-Pacific Seed Association (APSA) claimed that the COVID-19 pandemic had a detrimental impact on both domestic and international seed shipments.
Asia-Pacific Seed Treatment Market Key Players:
Furthermore, Pesticide manufacturing companies are providing a wide range of seed treatment solutions in China due to the enormous demand for seed treatment products in the country’s market. As an example, Sinochem International Crop Care Co. Ltd (Sinochem) is registered to cover crops such as corn, wheat, cotton, rice, soybean, potato, and peanut. Sinochem offers about 21 seed coating products in the nation, including different seed coating agents like insecticidal, fungicidal, and insecticidal-fungicidal mixtures. Additionally some of the market players are: BASF SE, Bayer CropScience AG, DuPont de Nemours Inc., FMC Corporation, INCOTEC Group BV, Monsanto Company, Nufarm Limited, Rallis India Limited, Sumitomo Chemical Co. Ltd, Others.
Our in-depth analysis of the Asia-Pacific Seed Treatment Market includes the following segments:
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For More Information, refer to below link: –
APAC Seed Treatment Market Future Outlook
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