Australia Seed Treatment Market to Grow with a CAGR of 4.36% through 2029
Surge in research and development activities is expected
to drive the Australia Seed Treatment Market growth in the forecast period,
2025-2029.
According to TechSci Research report, “Australia
Seed Treatment Market– By Region, Competition, Forecast and Opportunities,
2019-2029F”, the Australia Seed Treatment Market stood at USD136.25 million
in 2023 and is anticipated to grow with a CAGR of 4.36% in the forecast period,
2024-2029. Government initiatives regarding seed treatment have created favorable market conditions for the Australia Seed Treatment Market. Various factors contribute to the growth of different seed treatment market products. The Australian Seed Federation, a prominent authority in the industry, strongly advocates for the allocation of adequate funding by the Australian Government to develop comprehensive and specialized training modules and courses for the seed industry. These educational resources will play a crucial role in equipping newcomers to the industry with the requisite knowledge and skills, thereby fostering a culture of expertise and excellence in seed treatment practices.
The Department of Agriculture, Fisheries and Forestry (DAFF), as a responsible regulatory entity, diligently provides extensive guidelines for the importation of seeds intended for planting purposes. These guidelines encompass thorough testing and treatment requirements meticulously designed to protect Australia's fragile ecosystem and minimize the risk of introducing potentially harmful pests or diseases. By adhering to these rigorous measures, the government aims to ensure the long-term health and sustainability of the country's agricultural sector.
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Technological advancements, stemming from intensified research and development (R&D) endeavors, are instrumental in propelling market expansion. These advancements include the development of innovative seed coating methods, which not only protect seeds but also boost their productivity. The increasing recognition of the benefits of coated seeds further drives market growth. Additionally, the rise in R&D efforts has led to the introduction of biological seed treatment products and seed pelleting techniques. These groundbreaking solutions offer eco-friendly substitutes for traditional chemical treatments and are increasingly adopted by farmers.
The Australia
Seed Treatment Market is segmented in crop type, application technique, regional
distribution, and company.
Based on its application
technique, the coating segment held the largest share in the market. Applying fungicides and other protective agents to seeds aids in controlling soil-borne diseases and pathogens, thereby lessening the necessity for chemical treatments during subsequent stages of the crop's growth cycle. This proactive disease management strategy promotes healthier crops and enhances overall farm productivity.
Based on region, Australia Capital Territory & New
South Wales segment is expected to grow during the forecast period.
Regulatory frameworks within the Australia Capital Territory (ACT) and New South Wales (NSW) are instrumental in bolstering the expansion of the seed treatment market. These frameworks encompass licensing requirements for artificial breeding of specific animals and also extend to encompass seeds and crop protection. Through the enforcement of these regulations, authorities uphold rigorous quality and safety standards, creating an enabling environment for the seed treatment industry to prosper and drive agricultural innovation.
Major companies operating in Australia Seed Treatment
Market are:
- Nufarm Australia Limited
- BASF Australia Ltd
- Syngenta Australia Pty. Ltd.
- Novozymes Australia Pty Ltd
- Chemtura Australia Pty Ltd
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“In various regions of Australia, high levels of soil salinity pose a significant obstacle to achieving optimal crop growth and productivity. Excessive salt content in the soil disrupts crucial plant processes, resulting in inhibited growth and reduced yields. To overcome this challenge, novel seed treatment approaches are being utilized to develop effective solutions.
These seed treatment methods often involve applying specialized additives or coatings designed to enhance plants' tolerance to salt. By incorporating these protective layers into seeds, plants gain improved resilience against the negative impacts of saline conditions. This advancement enables crops to not only survive but flourish in environments previously deemed unsuitable due to soil salinity constraints.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Australia
Seed Treatment Market By Crop Type (Oilseeds & Pulses, Cereals &
Grains, Fruits & Vegetables, Others), By Application Technique (Coating,
Dressing, Pelleting), By Region, Competition, Forecast and Opportunities,
2019-2029F”, has evaluated
the future growth potential of Australia Seed Treatment Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Australia Seed Treatment Market.
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