Australia Seed Treatment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 134.70 Million |
| Market Size (2029) | USD 170.10 Million |
| CAGR (2024 - 2029) | 4.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Seed Treatment Market Analysis
The Australia Seed Treatment Market size is estimated at USD 134.70 million in 2024, and is expected to reach USD 170.10 million by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).
In Australia, seed treatment plays a crucial role in crop production by protecting seeds from pests and diseases. The Australian Pesticides and Veterinary Medicines Authority (APVMA) regulates chemical seed treatments in the country and estimates that grains & cereals held the highest market share of 74.3% by value, followed by pulses & oilseeds, with a share of 20.7%. Commercial crops accounted for 2.5%, while fruits & vegetables held a smaller share of 1.6% in 2023. The seed treatment market is driven by increasing awareness among the farming community, increasing demand for food grains, and economic growth among countries, among other factors. Various regulations and government agencies are encouraging the use of seed treatments because seed treatment offers effective seed protection from pathogens, insects, and other pests, in addition to contributing to the healthy and uniform stand establishment of a variety of crops produced.
Australia Seed Treatment Market Trends
Increasing Area under Field Crops
Wheat, barley, canola, sorghum, and cotton dominate Australia's field crop landscape. Wheat, in particular, holds the lion's share, covering 50.2% of the total field cropland. The leading states in field crop production are Western Australia, New South Wales, South Australia, Victoria, and Queensland.
Since 2021, Australia has witnessed a notable increase in field crop acreage, with a 2.8% increase between 2021 and 2022. This surge can be attributed to global and domestic demand for agricultural products, particularly wheat, barley, sorghum, and canola. Notably, a significant portion of Australian wheat is exported, with a remarkable 64% surge in exports seen in 2022-23 compared to 2019-2020
The expansion of acreage is also fueled by rising farmer incomes, buoyed by favorable seasonal conditions and surging commodity prices. Additionally, the ongoing grain dispute between Ukraine and Russia, centered around the Black Sea, has further bolstered Australian wheat prices, benefiting local farmers.
Government initiatives, including subsidies and incentives, have played a pivotal role in encouraging farmers to expand their field crop acreage. These policies, aimed at boosting agricultural production and export potential, were evident in the Australian government's USD 30 million investment in 2023. This funding was specifically earmarked to help grain growers navigate risks such as drought and market volatility.
Given the trends of expanding crop acreage, rising farm incomes, robust government support, and growing global and domestic demand, the demand for seed treatment chemicals is poised to surge.
Increase In Farm Sizes
The growing population in the region demands more and more food, though the new area under cultivation has been decreasing at a rapid rate. This, therefore, translates into increasing the sizes of existing farmlands, which gives rise to alterations in management practices. Under such circumstances, farmers tend to undertake early planting in order that their complete acreage is sown. However, the conditions of early sowing may not be optimal, such as the prevalence of cool and wet conditions that are not conducive to planting. This increases the potential of seedling damage, which makes a strong case in favor of risk management techniques. Seed treatment is one such technique that can help in protecting young seedlings against pathogens and insect attacks. The Australian seed treatment market is growing at a rapid rate due to factors such as economic benefits of high yields, better quality, improved returns, better rates of disease control in early sown seeds, protection of high-value seeds, reduced tillage, and cost-effective solution to enhance production, which drives the market.
Australia Seed Treatment Industry Overview
Some of the key companies in the market are Adama, BASF, Nufarm, Syngenta, and Others. The key players are focusing to expand their business in Australia. The leading players in this market adopted various strategies to strengthen market opportunities and increase their market shares. Acquisitions, agreements & joint ventures are the major strategies adopted by major players.
Australia Seed Treatment Market Leaders
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Adama Agricultural Solutions
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BASF SE
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Nufarm
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Syngenta International AG
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Tata Rallis Ltd
*Disclaimer: Major Players sorted in no particular order
Australia Seed Treatment Market News
In October 2021, by investing in a new chemist's center, ADAMA enhanced its R&D capabilities that are aimed to expand and accelerate its own research and development in the field of plant protection
Australia Seed Treatment Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Crop Type
- 5.1.1 Grains & Cereals
- 5.1.2 Commercial crops
- 5.1.3 Pulses and Oil seeds
- 5.1.4 Fruits and Vegetables
- 5.1.5 Turf and Ornamental crops
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5.2 Product Type
- 5.2.1 Insecticide
- 5.2.2 Fungicide
- 5.2.3 Nematicides
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 ADAMA Agricultural Solutions Ltd
- 6.3.2 Advanced Biological Marketing Inc.
- 6.3.3 BASF SE
- 6.3.4 Bayer CropScience AG
- 6.3.5 DuPont de Nemours Inc.
- 6.3.6 INCOTEC Group BV
- 6.3.7 Monsanto Company
- 6.3.8 Nufarm Limited
- 6.3.9 Syngenta International AG
- 6.3.10 Sumitomo Chemical Co. Ltd
- 6.3.11 Rallis India Limited
- 6.3.12 FMC Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityAustralia Seed Treatment Industry Segmentation
The corporations in seed treatment operate in B2B, as well as B2C business format. The Australia Seed Treatment Market is segmented By Product Type (Insecticides, Fungicides, and Nematicides) and By Crop Type (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Turf and ornamental crops)
| Crop Type | Grains & Cereals |
| Commercial crops | |
| Pulses and Oil seeds | |
| Fruits and Vegetables | |
| Turf and Ornamental crops | |
| Product Type | Insecticide |
| Fungicide | |
| Nematicides |
Australia Seed Treatment Market Research FAQs
How big is the Australia Seed Treatment Market?
The Australia Seed Treatment Market size is expected to reach USD 134.70 million in 2024 and grow at a CAGR of 4.70% to reach USD 170.10 million by 2029.
What is the current Australia Seed Treatment Market size?
In 2024, the Australia Seed Treatment Market size is expected to reach USD 134.70 million.
Who are the key players in Australia Seed Treatment Market?
Adama Agricultural Solutions, BASF SE, Nufarm, Syngenta International AG and Tata Rallis Ltd are the major companies operating in the Australia Seed Treatment Market.
What years does this Australia Seed Treatment Market cover, and what was the market size in 2023?
In 2023, the Australia Seed Treatment Market size was estimated at USD 128.37 million. The report covers the Australia Seed Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Seed Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Seed Treatment in Australia Industry Report
Statistics for the 2024 Seed Treatment in Australia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Seed Treatment in Australia analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
