Market Trends of Global Wheat Seed Treatment Industry
This section covers the major market trends shaping the Wheat Seed Treatment Market according to our research experts:
Unfavorable Production Factors Leading to Increased Practice of Seed Treatment
Crop productivity is primarily determined by climatic conditions because ideal temperatures and precipitation must be in range for wheat growth. In addition to climatic conditions, increasing pest and disease infestation resulted in severe crop loss in wheat-growing regions. Therefore, taking into consideration of high cost involved in quality seeds, farmers are increasingly practicing seed treatment to protect crops against unfavorable conditions. This is driving the growth of the wheat seed treatment market, globally. China has suffered crop loss due to the occurrence of major crop pests and diseases in 2020, heavier than that of 2019. Specifically, wheat scab, which is likely to occur heavily.
Furthermore, droughts and climate change are the significant threats to grain production in the Russia, Ukraine, and Kazakhstan (RUK) region and for global food security. Severe droughts have been significantly affecting wheat production in these regions. To maintain pace with global demand, wheat producers focus on enhancing the wheat yield both in production outcome and revenue. Seed treatment, being one of the most important means of combating soil-borne pests and pathogens, it is anticipated that the global market for wheat seed treatment is anticipated to have the opportunity for future market growth, enhancing demand for seed treatment products, in order to ensure optimal crop output.
North America-Largest Market for Wheat Seed Treatment
North America is anticipated to be the largest wheat seed treatment market, owing to the higher adoption rate of seed treatment chemicals for wheat, recording a robust growth rate during the forecasted period. The demand for the wheat seed treatment market is driven by its global demand . Wheat ranks third among U.S. field crops in planted acreage, production, and gross farm receipts, behind corn and soybeans. As per the USDA report, in 2019 the total production of wheat was 1.884 billion bushels of winter, spring, and durum wheat on 47.8 million acres of cropland. Annual losses due to wheat rust, Fusarium spp, and nematode are a major concern in the region. Taking into account the economic importance of the crop, many companies and government associations are spending funds towards the funding of research and development for innovation of new seed treatment technology. In 2017, Syngenta opened a North American Seedcare Institute in Stanton, Minnesota for doing research and development on seed treatment technology. Through this institute, Syngenta provides customized solutions to customers based on their specific needs and the latest technology suited to the farm and soil condition.
