Seed Treatment Fungicides Market by Crop Type (Cereals & grains, Oilseeds & pulses, and Others), and by Type (Chemical, and Biological), and Application (Coating, Dressing, and Pelleting), and by Form (Liquid, and Powder) Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022-2030

Market Overview

The global Seed Treatment Fungicides Market size was worth around USD 1.75 billion in 2021 and is predicted to grow around USD 3.20 billion by 2030 with a compound annual growth rate of roughly 9.7% between 2022 and 2030.

Plant infections are spread to plants by seeds, where they manifest as plant diseases. These diseases can either be spread through the seed or are present as contaminants in the seed. They may cause conditions such as seed necrosis, seed rot, seed abortion, etc. that have the capability to negatively impact plant growth at a later stage. Fungi are frequently responsible for transmitting plant-related illnesses, which would reduce production volume.

There are various methods for seed treatment, such as chemical, biological, and others. So, by treating seed-borne infections, a healthy seedling can be obtained. Various fungicides are typically used to treat seedlings that have illnesses brought on by fungi. Fungicides are used to treat seeds using techniques like seed coating, seed pelleting, and seed dressing. Treatment of seeds may differ due to crop type, oilseeds, pulses, cereals, and others, which are treated with fungicides.

Key Insights

• As per the analysis, the global seed treatment fungicides market is estimated to grow annually at a CAGR of around 9.7% over the forecast period (2022-2030) and is projected to reach USD 3.20 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate
• Based on crop type, the cereals & grains are predicted to show maximum market share in the year 2021
• Based on type, the biological segment was the leading revenue-generating in 2021
• Based on application, the seed dressing is projected to show the largest share in the year 2021
• Based on form, the powder segment holds the largest market share during the forecast period.
• On the basis of region, North America was the leading revenue generator in 2021

Growing Events Such as PM-KISAN to Drive the Market Growth

Governments around the globe are focusing on developing their agriculture industry by launching various campaigns and policies. Different government regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by the Indian government are aiding the expansion of the agricultural industry. These factors are anticipated to fuel the seed treatment fungicides market share. 

Additionally, three equal payments of USD 24.46 (Rs. 2000) each are made to all farmer families nationwide every four months as part of the scheme, which provides annual income support of (Rs. 6000) USD 73.38 to help farmers concentrate more on farming. Additionally, the market for seed treatment fungicides is expected to grow along with the agricultural industry.

Growing Demand for Bio-Fungicides in Farms and Crops Driving Sales 

Significant growth can be observed in the demand for organic food items in markets around the globe, including the United States and Europe. This, in turn, has led to an increase among growers in the need for products that are natural and do not include any chemicals, such as bio-fungicides. According to the Food and Agriculture Organization of the United Nations, organic farming is currently practiced in around 187 nations across the globe.

Companies are introducing the production of bio fungicides in response to the rising demand in the organic agriculture industry as more land is dedicated to organic farming. For instance, in March 2021, Botanical Solution Inc. (BSI), a subsidiary of Syngenta, has come to a deal with the company to sell BSI's first product in the countries of Peru and Mexico. Under the brand name BotriStop, the product has already been commercialized and distributed successfully by the two companies in Chile.

Recent Development

November 2022- Indigo is advancing the first commercial launch of a biological fungicide based on the microbe Kosakonia cowanii for the season of 2023. The fungicide seed treatment, known as biotrinsic X19, addresses both abiotic stress and biotic. Indigo boasts that biotrinsic x19 which works in three different ways to ward off diseases.

August 2022- The Field of Dreams Movie Site, a well-known cornfield in the United States, and BASF and Poncho Votivo just established a partnership. Poncho Votivo produces improved yields by controlling a wide range of insects and providing effective nematode defense.

October 2021- UPL Ltd., a global provider of sustainable agriculture goods and solutions, launched the technologically advanced seed treatment product Electron 3-WM in the seed and plant health market (3 Way Mix). The product is economically advantageous since it lessens the need for foliar sprays in the early plant phase, which lowers the cost of production.

Segmentation Analysis

On the basis of crop type, the market is categorized into oilseeds & pulses, cereals & grains, and others. The cereals & grains segment dominates the market share and is projected to grow due to a rise in demand for agricultural products. Increasing demand for cereals in the markets for feed industries, along with food & beverages has improved the demand for seed treatment fungicides across the globe.

• For Instance, in 2020, the maximum production was of common wheat (120 million tons), followed by barley (54.7 million tons), oats (8.5 million tons), rye (9.5 million tons), corn-cob mix (67.8 million tons), and other crops (26.9) in Europe.

On the basis of the type, the market is categorized into chemical, and biological. The biological segment dominates the market share and is expected to grow at the highest CAGR during the forecasted period. As its active components used in biological seed treatments include plant extracts, living bacteria, byproducts of fermentation, and phytohormones.

These items increase the nutrient and water uptake, and rhizosphere's nutritional availability, stimulate shoots, maximize nutrient use, and root growth, and shield plants from diseases. A rising number of consumers use biological seed treatments due to their advantages, which include reducing stress, maximizing plant growth, and increasing overall yield.

On the basis of application, the coating application technique held the largest market share for seed treatment as of 2020 and is anticipated to continue expanding during the forecast period. The widespread use of all crops and the rising commercial value of seeds as a result of improving their aesthetics are the main causes of the market's expansion. During the forecast period, it is also anticipated that the pelleting application technique will experience significant growth.

On the basis of form, the market is segmented into liquid and powder. The powder segment dominates the market share owing to the increased factors related to the expanding use of powder-based advanced farming technologies that guarantee the safe and reliable application of seed treatment formulas.

North America is Dominating the Market Share as it is a Major Consumer of Seed Treatment

The United States is the major consumer of fungicides used in seed treatment in North America. Demand for seed treatment fungicides has significantly increased as a result of strict government laws aimed at minimizing or limiting the use of agrochemicals and growing consumer awareness of the presence of fertilizer residues in food.

The (NASDA) National Association of State Departments of Agriculture states that seed treatment fungicides minimize grime and seedling-blight diseases in barley, oats, wheat, and other plants by killing the infections inside the seed during germination. The growth of crops as they are used in feedstock for biofuels is another key element in North America's widespread use of seed treatment fungicides.

Competitive Landscape

ADAMA, BASF SE, A. Bayer AG, DuPont, FMC Corporation, Novozymes A/S, Nufarm Canada, Sumitomo Corporation, Syngenta Crop Protection AG, UPL, Germains Seed Technology, Helena Agri-Enterprises, LLC, Dow, DLF Seeds, and Arysta LifeScience Corporation amongst others are the leading participants in the seed treatment fungicides industry.

The global seed treatment fungicides market is segmented as follows:

By Crop Type

• Cereals & grains
• Oilseeds & pulses
• Others

By Type

• Chemical
• Biological

By Application

• Coating
• Dressing
• Pelleting

By Form

• Liquid
• Powder

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America