PUBLISHER: The Business Research Company | PRODUCT CODE: 1414102
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414102
“Chemical Seed Treatment For Ornamental And Turf Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chemical seed treatment for ornamental and turf market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for chemical seed treatment for ornamental and turf? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The chemical seed treatment for ornamental and turf market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Chemical seed treatment for ornamental and turf involves the application of fungicides, pesticides, or other substances to safeguard the seeds of various ornamental and turf plants from seed-borne or soil-borne pathogenic organisms. This treatment is designed to protect the seeds against diseases.
The primary functional types of chemical seed treatment for ornamental and turf include seed protection and seed enhancement. Seed protection entails treating the seeds with substances such as fungicides and pesticides. This treatment can be applied in various forms, including liquid and dry, for seed coating, seed dressing, and seed pelleting.
The chemical seed treatment for ornamental and turf market research report is one of a series of new reports from The Business Research Company that provides chemical seed treatment for ornamental and turf market statistics, including chemical seed treatment for ornamental and turf industry global market size, regional shares, competitors with a chemical seed treatment for ornamental and turf market share, detailed chemical seed treatment for ornamental and turf market segments, market trends and opportunities, and any further data you may need to thrive in the chemical seed treatment for ornamental and turf industry. This chemical seed treatment for ornamental and turf market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chemical seed treatment for ornamental and turf market size has grown strongly in recent years. It will grow from $1.23 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%.The growth observed in the historic period can be attributed to the emergence of smart homes, heightened concerns about data security, the prevalence of media streaming services, the availability of affordable storage solutions, advancements in connectivity standards, and an increased level of awareness among consumers.
The chemical seed treatment for ornamental and turf market size is expected to see strong growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to the increasing demand for edge computing solutions, a heightened focus on energy efficiency, enhancements in cybersecurity measures, the rising need for data storage in e-commerce, and adherence to regulatory compliance. Major trends expected in the forecast period include the integration of cloud services, the adoption of hybrid NAS solutions, the implementation of user-friendly interfaces, the incorporation of collaboration and remote access features, and the emphasis on backup and disaster recovery.
The projected growth in the chemical seed treatment for ornamental and turf market is anticipated to be driven by the increasing agricultural productivity. Agricultural productivity, measured by the market value of crop yields, relies on various inputs such as land, labor, capital, and resources within an agricultural production system. The use of seed treatments becomes essential in safeguarding seeds and crops from pests and insects, contributing to food safety and enhancing overall agricultural productivity. For example, Eurostat reported a 4.2% increase in Europe's harvested grains production to 297.5 million metric tons in November 2022 compared to 2020. Additionally, The Food and Agriculture Organization noted a 52% global production increase in primary crops from 2000 to 2020, reaching 9.3 billion tons in 2020. Thus, the rising agricultural productivity is expected to propel the chemical seed treatment for ornamental and turf market.
The anticipated growth of the chemical seed treatments for ornamental and turf market is also attributed to the increasing focus on pest and disease management. Pest and disease management involves systematic strategies to control, prevent, or mitigate the impact of pests and diseases on crops and plants. Chemical seed treatment for ornamental and turf crops is a proactive practice used to protect seeds and young plants from various pests and diseases. The broad-spectrum control, convenience, and proactive protection offered by chemical seed treatments make them essential for maintaining healthy lawns and gardens. Reports published in June 2021 indicated that pests caused losses of up to $220 billion, affecting 40% of world crops. Consequently, the growing emphasis on pest and disease management is expected to drive the chemical seed treatment for ornamental and turf market.
Product innovation stands out as a significant trend in the chemical seed treatment for ornamental and turf markets. Major players within this industry continually introduce new and inventive products to maintain their competitive edge. For example, in April 2023, Syngenta AG, a Swiss agricultural science and technology company, unveiled Recognition, an innovative herbicide specifically designed for controlling tough weeds with exceptional safety features. It incorporates a proprietary safener enabling broadcast applications, ensuring safety in tank mixtures for enhanced, rapid, and comprehensive weed control.
Leading companies in the chemical seed treatment for ornamental and turf market emphasize impactful product launches such as VICTRATO to meet crucial needs in agriculture, delivering innovative and sustainable solutions for crop protection. VICTRATO, introduced by Syngenta AG in May 2022, is a groundbreaking seed treatment targeting harmful nematodes and diseases across various crops. The launch reflects Syngenta Seedcare's dedication to addressing critical agricultural challenges. VICTRATO's potential to boost yields, minimize environmental impact, and improve farmer profitability positions it as a significant advancement in the industry.
In October 2022, Valent BioSciences, a US-based chemical corporation, successfully acquired FBSciences, a provider of crop protection and plant health technology. This strategic acquisition enriches Valent BioSciences' portfolio with a diverse range of biostimulants, biopesticides, and crop nutrition solutions, complementing its existing lineup of crop protection products, including chemical seed treatment.
Major companies operating in the chemical seed treatment for ornamental and turf market report are BASF SE, Bayer AG, FMC Corporation, Syngenta AG, Sumitomo Chemical Co Ltd., Bioworks Inc., Marrone Bio Innovations Inc., Corteva Inc., United Phosphorus Ltd., Solvay SA, Novozymes AS, Eastman Chemicals Ltd., Croda International plc, DuPont de Nemours Inc., Germains Seed Technology, Nufarm Limited, ADAMA Ltd., Platform Specialty Products Corporation, Precision Laboratories LLC, Verdesian Life Sciences, Incotec Group BV, Tagros Chemicals India Ltd., Advanced Biological Marketing Inc., Gustafson LLC, Loveland Products Inc., Plant Health Care, Stoller Enterprises Inc., Gowan Company LLC, LanzaTech, Certis Europe B.V
Asia-Pacific was the largest region in the chemical seed treatment for ornamental and turf market in 2023. The regions covered in the chemical seed treatment for ornamental and turf market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the chemical seed treatment for ornamental and turf market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The chemical seed treatment for ornamental and turf market includes revenues earned by entities by providing basic dressing, coating and pelleting, seed treatment services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.