Market Size of Australia Seed Treatment Industry
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 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 Size Summary
The Australia Seed Treatment Market is experiencing significant growth, driven by the essential role seed treatment plays in enhancing crop production by safeguarding seeds from pests and diseases. The market is regulated by the Australian Pesticides and Veterinary Medicines Authority, with grains and cereals dominating the market share. The increasing awareness among farmers, coupled with the rising demand for food grains and economic growth, is propelling the market forward. Seed treatment is encouraged by various regulations and government agencies due to its effectiveness in protecting seeds and ensuring healthy crop establishment. The field crop landscape in Australia is predominantly occupied by wheat, barley, canola, sorghum, and cotton, with wheat being the most significant crop. The expansion of field crop acreage, driven by global and domestic demand, rising farmer incomes, and favorable government policies, is further boosting the demand for seed treatment chemicals.
The Australian seed treatment market is poised for continued expansion, supported by economic benefits such as high yields, improved quality, and better disease control in early-sown seeds. The market is also benefiting from the need for risk management techniques to protect seedlings from adverse conditions and pest attacks. Key players in the market, including Adama, BASF, Nufarm, and Syngenta, are actively expanding their presence in Australia through strategic initiatives like acquisitions and joint ventures. These companies are investing in research and development to enhance their plant protection capabilities, further strengthening their market position. The combination of expanding crop acreage, robust government support, and growing demand for agricultural products positions the seed treatment market for sustained growth in the coming years.
Australia Seed Treatment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Crop Type
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2.1.1 Grains & Cereals
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2.1.2 Commercial crops
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2.1.3 Pulses and Oil seeds
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2.1.4 Fruits and Vegetables
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2.1.5 Turf and Ornamental crops
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2.2 Product Type
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2.2.1 Insecticide
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2.2.2 Fungicide
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2.2.3 Nematicides
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Australia Seed Treatment Market Size 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.