Seed treatment involves the application of biological, physical, and chemical agents during planting to improve the health of crops. It helps to control soil- and seed-borne infections and diseases. In addition, it improves the yield of crops, reduces germination time, and enhances overall productivity. Seed treatment has emerged as a cost-effective crop protection solution as compared to conventional spraying as it is more efficient and less labor intensive.
In seed treatment, only planting seeds are coated with treating agent; therefore, low amount of active ingredients is required for protection against a variety of fungal diseases and insect pests. Increasing prices of genetically modified (GM) seeds have fostered the need for crop protection to reduce the risk on investment.
Furthermore, increased food requirement because of rapidly increasing global population has fueled the market growth. The world seed treatment market is expected to generate a revenue of $7.8 billion by 2021, growing at a prominent CAGR of 8.3% from 2015 to 2021. However, stringent government regulations are the major restraining factor of the market.
The world seed treatment market is segmented based on application, crop type, and geography. Based on applications, the world seed treatment market is segmented into insecticide, fungicide, and bio-control, including others. Of these, the use of insecticide is the most adopted seed treatment, owing to its ability to be used in combination with other products. In 2014, the insecticides segment accounted for about 57.5% share of the overall market. Bio-control seed treatment is the fastest growing segment, registering a CAGR of 11.5% during the forecast period because of rising awareness and stringent government regulations against chemical seed treatment.
Based on the crop type, the market is segmented into cereals, grains, and oilseeds. In 2014, cereals and grains seed treatment accounted for 62% share of the total market. Seed treatment is mostly used on high productivity cereals and grains crop like corn and oilseed crops like soybean.
Asia-Pacific holds around 9% share in world seed treatment market. The Asian countries such as China and India are expected to show a strong growth in terms of agricultural output. This is expected to fuel the seed treatment market in Asia-Pacific region. In addition, biological seed treatments are emerging as a growth market in the Asia-Pacific region. Most countries in this region are yet to establish a proper system for registration, manufacture, and sales of biological seed treatment. This provided huge growth potential for companies to expand their presence in the Asia-Pacific biological seed treatment market. Major companies present in the Asia-Pacific seed treatment market are Bayer CropScience and Syngenta along with other local companies such as Tata Rallis and Shenghua Group Agrochemicals.
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The use of agrochemicals in Asia-Pacific has increased in recent years due to the decreasing arable land in India, China, and Southeast Asia. This is expected to provide growth opportunity for the Asia-Pacific seed treatment market in order to meet the food demand.
The key players in this market have adopted several marketing strategies, such as expansion, agreement, product launch, and partnerships, to sustain the market competition.
This report provides a comprehensive analysis of the leading companies and highlights the competitive scenario of the market. The key companies profiled in this report are BASF SE, Bayer Cropscience, Syngenta AG, E. I. DuPont de Nemours and Company, Chemtura Corporation, Monsanto, Novozymes A/S, Nufarm Limited, Valent U.S.A. Corporation, and Sumitomo Chemical Company.
For same Category Reports:http://www.acutemarketreports.com/category/agriculture-market
Key Market Benefits
- This report provides a detailed analysis of the factors that drive and restrict the growth of the world seed treatment market.
- The projections in the report are based on the current market trends and future market potential.
- SWOT analysis highlights the internal environment of leading companies for effective strategy formulation.
- This report presents a quantitative analysis of the current market and estimations for the period of 2014‐2021 to identify the prevailing market opportunities.
- A comprehensive analysis of geographic regions helps in determining the prevailing opportunities in these regions.
- The analysis of the key market players operating in the world seed treatment market along with their strategies help in understanding the competitive outlook of this market.
SEED TREATMENT MARKET SEGMENTS
MARKET BY APPLICATION
MARKET BY CROP TYPES
- Cereals & grains
MARKET BY GEOGRAPHY
- North America
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