In 2013, the global seed treatment market was worth USD 2.98 billion. Increasing
pesticides & fertilizers price, cost of farm-level seed treatment and increasing
cycles of crop rotation are some of the critical factors likely to drive market
growth. Moreover, easier management of residue, conventional agrochemical
application and higher yield of better quality agricultural products are other
key drivers of the market.
Emergence of new technologies and
increasing seed prices promise better agronomic performance and higher yields.
Hence, an increasing number of farmers and growers have changed their
preference to seed treatment to look after their valued investments. Seed
treatment chemicals have lesser or no harmful impact on the consumers,
environment and workers as compared to the conventional chemical agents.
Corn/maize was the largest crop type
subjected to seed treatment accounting for over 30% of the market in 2013. High
vulnerability of these crops towards pests/insects led to the high market
share.
Full research report on seed treatment market analysis: http://www.grandviewresearch.com/industry-analysis/seed-treatment-market
Canola crop type is projected to witness
the highest growth rate, at an estimated CAGR of 10.3% from 2014 to 2020.
Canola oil is being used extensively worldwide owing to its low content of
saturated fat, zero trans-fat and being free from cholesterol.
Insecticides seed treatment accounted for
the highest market share of over 50% in 2013. The result of killing
caterpillars which feed on the crop benefits in obtaining better quality and
higher yields.
Non chemical treatment is expected to
witness a very high growth rate, at an anticipated CAGR of 10.3% from 2014 to
2020. The growing awareness about the harmful effects of other seed treatments
to surrounding environment and human health is expected to increase the demand
for non-chemical treatment.
North America accounted for over 40% of the
global seed treatment market in 2013. Technological advancements and increased
demand for soybean and corn for producing biofuels is projected to provide the
region with an upper hand over the forecast period.
Sygenta and Bayer were the two leading
companies in 2013 contributing over 60% together of the total market share of
global seed treatment market. Hence the industry is highly concentrated. Other
major companies in the market include BASF, Monsanto, Chemtura, DuPont and
Nufarm. The seed treatment industry participants are enhancing its research and
development and is categorised by better-quality products and patents being
registered by the manufacturers. Moreover, the growing need of these products
coupled with disinfectant properties results in better growth of seeds. This is
anticipated to stimulate ongoing research by several manufacturers.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global seed treatment market on the basis of treatment type, crop type and
region:
Seed Treatment Type Outlook (Revenue, USD Million, 2012 -
2020)
·
Insecticides
·
Fungicides
·
Chemical
·
Non chemical
Seed Treatment Crop Outlook (Revenue, USD Million, 2012 -
2020)
·
Corn/Maize
·
Soybean
·
Wheat
·
Canola
·
Cotton
·
Others
Seed Treatment Regional Outlook (Revenue, USD Million,
2012 - 2020)
·
North America
·
Europe
·
Latin America
·
Asia Pacific
·
RoW
View press
release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-seed-treatment-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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