The Global Seed Treatment Fungicides Market is projected to reach a value of over USD 2.3 billion by 2027 at a CAGR of around 7.5%.
A seed treatment fungicide isa process of treating seed with various chemicals which in turn to help to protect them from various fungal infections. Seed treatment fungicide helps to protect against seed-borne and soil-borne pathogens which may interfere with seed generation or may infect the seedling soon after generation. Seed treatment fungicide enhances plant stand and plant vigour when soil is cold and wet. Enhancement of seed generation, early and uniform establishment & growth, enhance nodulation in legume crop, and uniform crop stand in adverse conditions are some of the benefits of seed treatment fungicides.
Market Driver:
Fungicide seed treatment is one of the popular crop protection methods available in the market. It provides healthy germination and protection against seed-borne and soil-borne diseases at a lower cost than of others and ensures the salability of the harvest. With rising concern regarding crop protection, productivity and yield, the expenses on crop protection haveincreased significantly. After fertilizers in farming, crop protection is considered the second-highest expenses in farming. However, this expense can be reduced by the use of seed treatment fungicides, as less volume of ingredients is required. This helps to effectively control the seed diseases with a larger extent with the use of fewer ingredients. Thus, seed treatment fungicides are more cost-effective crop protection solution has anticipated surging the growth of the product market.
Market Opportunity:
Technological advancement in seed treatment fungicides has expected to pose an opportunity for the growth of the product market. Key players in the market are engaged in research and development of new products. For instance, in May 2017, Syngentalaunched PLENARIS, a seed treatment fungicide for control of downy mildew in sunflower. PLENARIS contains oxathiapiprolin, a new ingredient which will help to control fungal diseases caused by oomycetes. Additionally, in October 2019, BASF SE launched ILeVO, a seed treatment fungicide for management of blackleg in canola for Australian Agriculture. Thus, technological advancement in the product by key market players according to the need of different plants has anticipated to create anopportunity for seed treatment fungicides market.
The report on the seed treatment fungicidesmarket covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Tons[PK1] ) |
Segments Included |
Type, Crop Type, Application Technique, Form and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Seed Treatment Fungicides Market, by Type
Seed Treatment Fungicides Market, by Crop Type
Seed Treatment Fungicides Market, by Application Technique
Seed Treatment Fungicides Market, by Form
PowderSeed Treatment Fungicides Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SEED TREATMENT FUNGICIDES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY