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Soybean Fungicide Seed Treatment Market Size (2024 - 2029)

The soybean fungicide seed treatment market is projected to experience growth over the forecast period, driven by increasing food demand, advancements in crop protection technology, and a rising preference for biological seed treatments. Despite challenges posed by the COVID-19 pandemic, such as logistics and supply constraints, the market is expected to expand due to government support and the need for higher crop yields. The demand for treated seeds is particularly rising in North and South America, while Asia-Pacific is witnessing rapid advancements in seed treatment practices due to concerns over disease infestation. The strategic initiatives by market players, including the launch of innovative products, are anticipated to further propel the market's expansion.

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Market Size of Soybean Fungicide Seed Treatment Industry

Soybean Fungicide Seed Treatment Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 147.35 Million
Market Size (2029) USD 190.76 Million
CAGR (2024 - 2029) 5.30 %
Fastest Growing Market South America
Largest Market South America
Market Concentration High

Major Players

Soybean Fungicide Seed Treatment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Soybean Fungicide Seed Treatment Market Analysis

The Soybean Fungicide Seed Treatment Market size is estimated at USD 147.35 million in 2024, and is expected to reach USD 190.76 million by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

The market studied has been partially affected due to the COVID-19 pandemic, due to the logistics and supply constraints observed across the world. The restriction in movements of shipments and high air, sea, or land freight was observed to be a major factor disrupting the businesses, including seed treatment fungicides.

In the long run, increasing food demand, the rising innovation in crop protection technology, the increasing demand for biological seed treatments, and increasing government support would drive the global market of soybean fungicide seed treatment. Rising demand for biological seed treatment products has been observed in recent years. Recognizing this demand, the players are actively launching new biological seed treatment products in the market. In 2021, a new biological seed treatment, CeraMax, was registered under EPA to protect soybean crops from sudden death syndrome(SDS) produced by Ceradis BV.

Furthermore, the rising demand for higher yield due to the rapid increase in the consumption of crops has increased the demand for the seed treatment market in north America and South America. However, as as soybean plants grown in fields are highly prone to phytophthora root and stem rot and increasing awareness about the quality and safety of the seeds to protect from disease infestation, seed treatment practice in Asia-Pacific is also advancing at a faster rate.

Thus, the importance of treated seed, coupled with the strategies adopted by players, such as expanding market and innovating new technologies, is bound to lead to the growth of the soybean fungicide seed treatment market.

Soybean Fungicide Seed Treatment Industry Segmentation

According to the International Seed Federation, seed treatment products are biological, physical, and chemical agents and techniques applied to seeds to protect and improve the establishment of healthy crops. The report presents an in-depth analysis of the market share, size, and trends of the market of soybean fungicide seed treatment on a global scale.

The global soybean fungicide seed treatment market is segmented By Application (Chemicals and Non-Chemical/Biological). The market is also segmented By Geography into (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecast in terms of value in USD thousand for the soybean fungicide seed treatment market.

Type
Chemical
Non-Chemical/Biological
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Thailand
Vietnam
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa
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Soybean Fungicide Seed Treatment Market Size Summary

The soybean fungicide seed treatment market is poised for significant growth over the forecast period, driven by increasing food demand and advancements in crop protection technology. The market has experienced some disruptions due to the COVID-19 pandemic, particularly in logistics and supply chains. However, the rising demand for biological seed treatments and government support are expected to bolster market expansion. The adoption of biological seed treatments, which utilize living microbes and plant extracts to enhance plant growth and yield, is gaining traction, particularly in North America and South America. This trend is further supported by the introduction of innovative products like CeraMax and Draco, which aim to protect soybean crops from various pests and diseases.

The market is characterized by a high level of consolidation, with major players such as Syngenta International AG, BASF SE, and Bayer Crop Science AG leading the charge. These companies are focusing on innovation and expansion strategies to strengthen their market positions. For instance, Syngenta's introduction of VAYANTIS and BASF's expansion of its Sparks, GA facility highlight the industry's commitment to enhancing seed treatment formulations. The Brazilian market, a significant player in global soybean production, is witnessing increased application of seed treatment fungicides due to the prevalence of fungal diseases like soybean rust. As the demand for higher yields and disease-resistant seeds continues to rise, the soybean fungicide seed treatment market is expected to experience robust growth, supported by the active participation of key industry players and the adoption of advanced agricultural technologies.

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Soybean Fungicide Seed Treatment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Chemical

      2. 2.1.2 Non-Chemical/Biological

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

        4. 2.2.1.4 Rest of North America

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Spain

        5. 2.2.2.5 Italy

        6. 2.2.2.6 Russia

        7. 2.2.2.7 Rest of Europe

      3. 2.2.3 Asia Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 Thailand

        5. 2.2.3.5 Vietnam

        6. 2.2.3.6 Australia

        7. 2.2.3.7 Rest of Asia-Pacific

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Africa

        1. 2.2.5.1 South Africa

        2. 2.2.5.2 Rest of Africa

Soybean Fungicide Seed Treatment Market Size FAQs

The Soybean Fungicide Seed Treatment Market size is expected to reach USD 147.35 million in 2024 and grow at a CAGR of 5.30% to reach USD 190.76 million by 2029.

In 2024, the Soybean Fungicide Seed Treatment Market size is expected to reach USD 147.35 million.

Soybean Fungicide Seed Treatment Report Snapshots

Soybean Fungicide Seed Treatment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)