LONDON, GREATER LONDON, UK, August 12, 2024 /EINPresswire.com/ -- The seed treatment market has experienced robust growth in recent years, expanding from $43.25 billion in 2023 to $45.17 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to agricultural practices, soil health awareness, crop yield and quality, market demand and adoption, climate conditions.
Strong Future Growth Anticipated
The seed treatment market is projected to continue its strong growth, reaching $54.79 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to consumer awareness, global agricultural trends, research and development, market expansion, environmental regulations.
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Growth Driver Of The Seed Treatment Market
The rising soil contamination is expected to propel the growth of the secondary agricultural nutrients market going forward. Soil contamination refers to the presence of pollutants or harmful substances in the soil beyond acceptable levels. Soil contamination can have a significant impact on the availability and uptake of secondary agricultural nutrients by plants.
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Major Players And Market Trends
Key players in the seed treatment market include Nutrien Ltd., Deepak Fertilizers and Petrochemicals Corporation Limited, Yara International ASA, Coromandel International Limited.
Product innovations are the key trends gaining popularity in the secondary agricultural nutrients market. Companies operating in the secondary agricultural nutrients market are focusing on developing innovative products to sustain their position in the market.
Segments:
1) By Nutrient Type: Sulphur, Calcium, Magnesium
2) By Crop Type: Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Turfs and Ornamentals, Other Crop Types
3) By Application Method: Solid, Liquid
Geographical Insights: North America Leading The Market
North America was the largest region in the secondary agricultural nutrients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global secondary agricultural nutrient market report during the forecast period. The regions covered in the secondary agricultural nutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Seed Treatment Market Definition
Secondary agricultural nutrients refer to essential plant nutrients that are required by plants in smaller quantities. These are essential for plant growth and plant development. The agricultural secondary nutrients include calcium, magnesium, and sulfur. Secondary nutrients can be found naturally in the soil, but they can also be added through fertilization to ensure that the soil has optimal nutrient levels for healthy plant growth and development.
Seed Treatment Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Seed Treatment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on seed treatment market size, seed treatment market drivers and trends, seed treatment market major players, seed treatment competitors' revenues, seed treatment market positioning, and seed treatment market growth across geographies. The seed treatment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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