The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

Recent Growth

The chemical seed treatment market for ornamental and turf has seen robust growth recently, expanding from $1.23 billion in 2023 to an anticipated $1.34 billion in 2024, with a CAGR of 8.9%.

• Smart Homes: Increasing adoption of smart home technologies.
• Data Security Concerns: Rising awareness and need for secure data management.
• Media Streaming Services: Surge in streaming platforms driving data needs.
• Affordable Storage Solutions: Cost-effective storage options becoming more prevalent.
• Improved Connectivity Standards: Enhanced internet and network standards.
• Increased Awareness: Growing knowledge of the benefits of seed treatment.

Future Projections

The market is expected to reach $1.83 billion by 2028, growing at a CAGR of 8.0%.

• Edge Computing Requirements: Rising demand for localized data processing.
• Energy Efficiency Focus: Emphasis on reducing energy consumption.
• Cybersecurity Enhancements: Improved security measures.
• E-commerce Data Storage: Growth in online retail increasing data storage needs.
• Regulatory Compliance: Stricter regulations driving market growth.

 

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Emerging Trends

• Cloud Services Integration: Seamless integration with cloud technology.
• Hybrid NAS Solutions: Combination of on-premises and cloud storage.
• User-Friendly Interfaces: Simplified user interactions and management.
• Collaboration and Remote Access: Enhanced features for remote work and teamwork.
• Backup and Disaster Recovery: Advanced data protection and recovery solutions.

Surge in Agricultural Productivity

Harvested Grains in Europe

Increasing agricultural productivity is a significant driver for the market.

• Eurostat Report (November 2022): Europe produced 297.5 million metric tons of grains, a 4.2% increase from 2020.
• FAO Statistics: Global production of primary crops increased by 52% from 2000 to 2020, reaching 9.3 billion tons in 2020.

Benefits of Seed Treatment

Seed treatments protect seeds and crops from pests and diseases, enhancing food safety and agricultural yield.

Pest and Disease Management

Importance and Impact

Effective pest and disease management is crucial for maintaining healthy ornamental and turf plants.

• ReliefWeb Report (June 2021): Pests destroy up to 40% of global crops, causing $220 billion in losses.
• Chemical Seed Treatments: Offer broad-spectrum control and are convenient for protecting young plants.

Industry Leaders and Innovations

Key Players

Major companies in the market include:

• BASF SE
• Bayer AG
• FMC Corporation
• Syngenta AG
• Sumitomo Chemical Co Ltd.
• Bioworks Inc.
• Marrone Bio Innovations Inc.
• Corteva Inc.
• United Phosphorus Ltd.
• Solvay SA

Product Innovation

Innovation is driving market competitiveness.

• Syngenta AG: Launched Recognition, a herbicide designed for tough weed control with a proprietary safener for safer tank mixtures.

Targeting Nematodes and Diseases

Companies are focusing on developing treatments for specific threats.

• Syngenta’s VICTRATO (May 2022): A novel seed treatment targeting nematodes and diseases, reflecting the company’s commitment to sustainable solutions.

Strategic Acquisitions

Valent BioSciences and FBSciences

In October 2022, Valent BioSciences acquired FBSciences to expand its portfolio.

• Acquisition Benefits: Adds biostimulants, biopesticides, and crop nutrition solutions to Valent’s offerings.

Market Segmentation

By Function

• Seed Protection: Guarding against pests and diseases.
• Seed Enhancement: Improving seed performance and yield.

By Form

• Liquid: Easily applicable and often used for seed coating.
• Dry: Preferred for seed pelleting and dressing.

By Application

• Seed Coating: Covering seeds with protective substances.
• Seed Dressing: Applying chemicals directly to seeds.
• Seed Pelleting: Enclosing seeds in a protective pellet.

Regional Insights

Asia-Pacific was the largest region in the chemical seed treatment market for ornamental and turf in 2023, and it is expected to continue its dominance in the forecast period.

Conclusion

The chemical seed treatment market for ornamental and turf is poised for continued growth, driven by advancements in technology, increased agricultural productivity, and strategic industry developments. As the market evolves, innovations in product offerings and strategic acquisitions will further enhance the market’s trajectory, ensuring robust growth and sustainable agricultural practices.

 

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The Chemical Seed Treatment For Ornamental And Turf Global Market Report 2024  provides an overview of the chemical seed treatment for ornamental and turf market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chemical seed treatment for ornamental and turf market forecast analyzes chemical seed treatment for ornamental and turf market size, chemical seed treatment for ornamental and turf market share, leading competitor and their market positions.

 

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