Surging Demand for Higher Crop Yield Driving Seed Treatment Popularity

The growing agriculture sector along with the growing population and its demand for basic grains and vegetables is fueling the requirement of seed treatments products globally. According to United Nations (UN), the recent global population is around 7.7 billion and by 2030 it is expected to expand to 8.9 billion. It is due to the rising population that the demand for food products such as cereals, vegetables, and even animal feed products is raising. For meeting the demand, the agricultural sector is required to flourish well with healthy crop growth, thus health and good quality seeds are required. 

This requirement pushes the demand for seed treatment products as they can help protect young plants and seedlings from different diseases and ensure healthy growth. It is also the surging demand for biofuels that is propelling the requirement of seed treatment products. The rising concerns about the environment have made government and various private organizations take many new initiatives. For producing biofuels, a variety of plants are used and for making sure that these plants are grown healthily the good quality of seed is assured by using seed treatment products. Thus, the demand for having biofuel and to be eco-friendly is propelling the seed treatment market growth.

In the preceding years, it was the chemical category that held the largest demand in the seed treatment products, based on product type. According to the estimation of a market research company, P&S Intelligence, this is attributed to the fact that chemical-based seed treatments products can improve the germination process and help in maintaining the health of the crops. In addition, when compared to biological seed treatment products, the seed treatment chemicals can offer stronger repelling ability against microorganisms, pests, and insects.

Globally, the APAC region accounted for the largest share in the seed treatment market in 2020, and it is also expected to continue witnessing the same trend throughout this decade. The dominance of the region can be credited to the large-scale production of crops in Australia, India, China, Vietnam, and South Korea, owing to the vast population of these countries. According to the 2022 World Population Review, the population of India and Vietnam will grow from 1.4 billion in 2021 to 1.5 billion by 2030 and 98.2 million in 2021 to 104.2 million by 2030, respectively. 

Thus, the booming need for food products and biofuels will drive the demand for seed treatment products, worldwide. 

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