Maize Seed Treatment Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.77 Billion |
| Market Size (2029) | USD 2.63 Billion |
| CAGR (2024 - 2029) | 8.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Maize Seed Treatment Market Analysis
The Maize Seed Treatment Market size is estimated at USD 1.77 billion in 2024, and is expected to reach USD 2.63 billion by 2029, growing at a CAGR of 8.40% during the forecast period (2024-2029).
- Maize is grown over 197 million hectares worldwide and is the third important cereal crop, after rice and wheat. The crop has high degree of penetration in commercial hybrid seeds, including genetically modified seed, and farmers adopt advanced farming practices for maize cultivation in both developed and developing markets.
- In last three years, there was a widespread incidence of the pest fall amyworm in maize cultivation. Proper seed treatment can go a long way in protecting young plants against this deadly pest. Companies have also been engaging in R&D to develop products that target fall amyworm.
Maize Seed Treatment Market Trends
This section covers the major market trends shaping the Maize Seed Treatment Market according to our research experts:
Increasing Seed Replacement Rate Leading to Boom in the Commercial Segment
Commercial maize hybrids are increasingly becoming popular across the world. Traditionally, North America, Europe, and South America have been cultivating commercial maize hybrids, since last two decades. However, increasing seed replacement rates and rising adoption of hybrids led to a remarkable growth of developing markets, such as Asia-Pacific and Africa. In 2018, seed replacement rates in Asia-Pacific stood at close to 80%. Increased adoption of hybrid varieties and penetration of advanced hybrids, including genetically modified varieties, have resulted in a booming market for commercial applications of maize seed treatment products. These products are being sold at a B2B level to seed companies. An increase in the number of seed companies selling maize hybrids has also supported the market for commercial applications of maize seed treatment products. The next frontier of hybridization and increased seed replacement rates is Africa, where the metrics related to these are expected to increase at a robust pace over the forecast period.
North America Leads the Global Market
Maize is grown over approximately 35 million hectares in North America. It is the most important grain crop in the region, with extensive application as grain, animal feed, and forage. Increased adoption of genetically modified and hybrid seeds in the region makes the geographical segment the largest among all the regions across the world. The market is driven by commercial applications, where companies are launching products that satisfy the crop protection needs of the farmer, while keeping sustainability of the soil and environment in mind. The region is expected to remain the largest geographical segment in the maize seed treatment market over the forecast period.
Maize Seed Treatment Industry Overview
The maize seed treatment market is highly consolidated, with the top global players occupying more than 70% of the market share. The greater market shares of these players can be attributed to highly diversified product portfolio and numerous acquisitions and agreements. Moreover, these players are focusing on R&D, expansion of product portfolio, wide geographical presence, and aggressive acquisition strategies. Some of the key players in the market include BASF SE, Syngenta AG, Adama Agricultural Solutions, UPL Limited, and Bayer Crop Science, among others.
Maize Seed Treatment Market Leaders
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Syngenta AG
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BASF SE
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Bayer Crop Science AG
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UPL Limited
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Adama Agricultural Solutions
*Disclaimer: Major Players sorted in no particular order
Maize Seed Treatment Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Chemical Origin
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5.1.1 Synthetic
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5.1.2 Biological
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5.2 Product Type
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5.2.1 Insecticides
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5.2.2 Fungicides
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5.2.3 Other Product Types
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5.3 Application
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5.3.1 Farm-level
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5.3.2 Commercial
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.1.4 Rest of North America
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Spain
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5.4.2.5 Russia
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5.4.2.6 Italy
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5.4.2.7 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 India
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5.4.3.3 Japan
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5.4.3.4 Australia
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5.4.3.5 Rest of Asia-Pacific
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Africa
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5.4.5.1 South Africa
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5.4.5.2 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Bayer Crop Science AG
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6.3.3 Syngenta AG
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6.3.4 Adama Agricultural Solutions
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6.3.5 UPL Limited
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6.3.6 Advanced Biological Marketing Inc.
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6.3.7 Corteva Agriscience
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6.3.8 Incotec Group BV
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6.3.9 Valent USA Corporation
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Maize Seed Treatment Industry Segmentation
The scope of the maize seed treatment market report includes usage of seed treatment products on farm-level by farmers and commercial application by seed companies, as part of seed coating.
The maize seed treatment market is segmented by chemical origin into synthetic and biological, by product type into insecticides, fungicides, and other product types, and by application into farm-level and commercial. The market is also segmented by geography to include the key trends in major regional markets across North America, Europe, Asia-Pacific, South America, and Africa.
| Chemical Origin | |
| Synthetic | |
| Biological |
| Product Type | |
| Insecticides | |
| Fungicides | |
| Other Product Types |
| Application | |
| Farm-level | |
| Commercial |
| Geography | |||||||||
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Maize Seed Treatment Market Research FAQs
How big is the Maize Seed Treatment Market?
The Maize Seed Treatment Market size is expected to reach USD 1.77 billion in 2024 and grow at a CAGR of 8.40% to reach USD 2.63 billion by 2029.
What is the current Maize Seed Treatment Market size?
In 2024, the Maize Seed Treatment Market size is expected to reach USD 1.77 billion.
Who are the key players in Maize Seed Treatment Market?
Syngenta AG, BASF SE, Bayer Crop Science AG, UPL Limited and Adama Agricultural Solutions are the major companies operating in the Maize Seed Treatment Market.
Which is the fastest growing region in Maize Seed Treatment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Maize Seed Treatment Market?
In 2024, the North America accounts for the largest market share in Maize Seed Treatment Market.
What years does this Maize Seed Treatment Market cover, and what was the market size in 2023?
In 2023, the Maize Seed Treatment Market size was estimated at USD 1.63 billion. The report covers the Maize Seed Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Maize Seed Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Maize Seed Treatment Industry Report
Statistics for the 2024 Maize Seed Treatment market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Maize 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.
