Canada Seed Treatment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 66.10 Million |
| Market Size (2029) | USD 78.20 Million |
| CAGR (2024 - 2029) | 3.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Seed Treatment Market Analysis
The Canada Seed Treatment Market size is estimated at USD 66.10 million in 2024, and is expected to reach USD 78.20 million by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).
The Canadian market is the third-largest seed treatment market in North America. The market is driven by factors such as increasing awareness of the benefits of seed treatment, reduction of arable land, and rising crop losses due to pests and diseases. The Canadian government and various organizations in the country have been promoting the use of seed treatments through initiatives and programs such as consultations aimed at enhancing agricultural productivity and sustainability. These initiatives provide support, information, and resources to farmers, encouraging them to adopt seed treatments as part of their crop management practices.
Canada Seed Treatment Market Trends
Increasing Pesticide Usage per Hectare
In 2022, Canada experienced a noteworthy upsurge in pesticide consumption per hectare increasing by 0.28 kg since 2018. This surge in consumption is linked to various factors reshaping the country's agricultural practices. Notably, climate change has altered weather patterns, presenting new challenges for farmers. As a result, there's been a growing reliance on effective seed treatments. These treatments not only help mitigate the unpredictable effects of weather on crop health but also curb overall pesticide use by preventing soil-borne and seed-borne diseases.
Confronted with challenges like plant-parasitic nematodes, soil-borne diseases, and a variety of insect pests, farmers are increasingly adopting seed treatments as a preemptive measure.
While soybeans, maize, wheat, and canola dominate Canada's crop landscape, they grapple with threats from nematodes and soil-borne diseases. These threats encompass root-lesion nematodes, root rots, fusarium species, cereal cyst nematodes, soybean cyst nematodes, rhizoctonia, pythium species, phomosis, seedling blights, and more. Given the escalating damage from these threats, there's a pronounced shift towards higher dosages in seed treatment applications.
Fungicides dominated the market
Fungicide seed treatment is widely utilized in various agricultural crops in Canada, including field and horticulture crops. Fungicides accounted for a 16.4% market share value of the overall North American seed treatment market in 2022. The rising awareness among growers about the benefits of fungicides in protecting seedlings and the necessity for improved productivity contributed to the increasing usage of fungicide seed treatment products.
The Canadian government and various organizations in the country have been promoting the use of seed treatments through initiatives and programs such as consultations aimed at enhancing agricultural productivity and sustainability. These initiatives provide support, information, and resources to farmers, encouraging them to adopt seed treatments as part of their crop management practices.
The market also offers opportunities for seed treatment companies to provide innovative fungicides and cater to the evolving needs of Canadian farmers.
Canada Seed Treatment Industry Overview
Some of the key companies in the market are Adama, BASF, Bayer, Syngenta, and Others. The key players are focusing to expand their business in Canada. 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. A few have focused on horizontal growth by expanding their presence in emerging markets that offer the greatest scope for future prospects, while yet others have been content to operate within their established boundaries and go in for vertical growth by concentrating on innovations in the area of products and solutions.
Canada 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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Tata Rallis Pvt Ltd
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Syngenta International AG
*Disclaimer: Major Players sorted in no particular order
Canada Seed Treatment Market News
In 2021, BASF expanded its innovation in seeds, plant protection products, and digital services for sustainable farming. The company aims to boost sales of agricultural solutions by 7% annually, making a substantial contribution to sustainability.
Canada 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
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
5.1 Product Type
5.1.1 Insecticide
5.1.2 Fungicide
5.1.3 Nematicide
5.2 Crop Type
5.2.1 Grains & Cereals
5.2.2 Pulses and Oil seeds
5.2.3 Commercial crops
5.2.4 Fruits and Vegetables
5.2.5 Turf and Ornamental crops
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 ADAMA Agricultural Solutions Ltd
6.3.2 BASF SE
6.3.3 Bayer CropScience AG
6.3.4 DuPont de Nemours Inc.
6.3.5 INCOTEC Group BV
6.3.6 Monsanto Company
6.3.7 Nufarm Limited
6.3.8 Syngenta International AG
6.3.9 Sumitomo Chemical Co. Ltd
6.3.10 Rallis India Limited
6.3.11 FMC Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Seed Treatment Industry Segmentation
The Canada 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). The corporations in seed treatment operate in B2B, as well as B2C business format.
| Product Type | |
| Insecticide | |
| Fungicide | |
| Nematicide |
| Crop Type | |
| Grains & Cereals | |
| Pulses and Oil seeds | |
| Commercial crops | |
| Fruits and Vegetables | |
| Turf and Ornamental crops |
Canada Seed Treatment Market Research FAQs
How big is the Canada Seed Treatment Market?
The Canada Seed Treatment Market size is expected to reach USD 66.10 million in 2024 and grow at a CAGR of 3.40% to reach USD 78.20 million by 2029.
What is the current Canada Seed Treatment Market size?
In 2024, the Canada Seed Treatment Market size is expected to reach USD 66.10 million.
Who are the key players in Canada Seed Treatment Market?
Adama Agricultural Solutions, BASF SE, Nufarm, Tata Rallis Pvt Ltd and Syngenta International AG are the major companies operating in the Canada Seed Treatment Market.
What years does this Canada Seed Treatment Market cover, and what was the market size in 2023?
In 2023, the Canada Seed Treatment Market size was estimated at USD 63.85 million. The report covers the Canada Seed Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Seed Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Seed Treatment Industry Report
Statistics for the 2024 Canada Seed Treatment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Seed Treatment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
