Seed Treatment Market Trends

Growth Drivers

• Growing Launch of Policy & Regulatory Framework to Reduce Disease-Governments across the globe understand the need to enhance the productivity of crops and are hence offering funds in order to support research initiatives to boost the launch of advanced solutions for agriculture. Moreover, they are introducing integrated pest management in order to limit the dependency on chemical pesticides, avoid harmful effects on human health, and protect the environment. Hence, it is estimated to be another major factor in boosting seed treatment market growth. Moreover, various policies and incentives have been implemented by the government to dominate the demand for IPM practices in seed treatment. These initiatives include financial incentives, regulatory frameworks, and educational programs that might further encourage the utilization of environmentally friendly pest control solutions. Furthermore, regulations are launched to ensure that agriculture products meet stringent quality standards and boost consumer confidence in agriculture products.

• Growing Adoption of Precision Framing-Precision farming is experiencing a surge in its adoption on account of the growing importance of technology. This farming method is considered to be one of the modern approaches that utilize modern technologies, including satellite imagery or field mapping, to gather data regarding the condition of the soil, weather patterns, and crop growth, which is further examined to reach precise decisions regarding planting, fertilizing, and harvesting. This modern approach is expected to increase production while saving farmers money by improving crop efficiency. Hence, it is observing growth in its demand. Further, this approach is also predicted to have great advantages for seed treatment since it could guide the farmer in seed spacing and more.

• Growing Prevalence of Disease in Crop-On account of growing climate change and global trade, the prevalence of crop diseases and pests has risen significantly. Around the globe, close to 19% to about 39% of crop yield is damaged owing to pests and disease.  Hence, this is encouraging farmers to adopt more effective protection solutions. Seed treatments provide a dedicated solution for protecting crops from the outset. Seed treatment is a preventive strategy that enhances the strength of plants from the moment of germination, further reducing the possibility of losses.

Challenges

• Strict Government Regulations-The seed treatment market is predicted to adhere to the regulations announced by various government bodies, such as the USDA, Health Canada, the European Commission, the Asia Pacific Seed Association (APSA), and more. However, these regulations keep changing with the change in geography, making it difficult for the producer to adhere to them. As a result, the growth of the market for seed treatment might be restricted.

• Growing Disruption in the Supply Chain of Raw Materials

• Lack of Awareness Regarding Seed Treatment Among Farmers -Farmers in developing countries lack awareness regarding crop disease and its prevention. Moreover, poor farmers have limited knowledge regarding the schemes offered by the government, hence restraining themselves from adopting modern approaches. Hence, this factor is predicted to hinder the seed treatment market expansion for seed treatment.