Global Seed Treatment Market Forecast to Reach $16.6 Billion by 2032: Surge in Adoption of Sustainable Farming Techniques and Genetically Modified Crops Necessitates Protective Measures, D...
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Source: Yahoo! Finance
Type, Function, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. This data on the seed treatment industry reveals significant growth, as the market size touched US$ 8.8 Billion in 2023. With a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period 2023-2032, the market is estimated to nearly double, reaching a valuation of US$ 16.6 Billion by 2032. This expansion is attributed to the escalating demand for improved crop yields through advanced agricultural practices and innovative technological integrations in seed treatment solutions. Global food demand, driven by an ever-growing population, continues to pressure agricultural productivity, where seed treatment plays a critical role. A surge in adoption of sustainable farming techniques and genetically modified (GM) crops necessitates protective measures, thereby fueling market growth. Investment in R&D, leading to the advent of nanotechnologies and biological seed treatments, further
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