Global Seed Treatment Industry Market – Analysis, Forecasts and Growth Trends
Over the past few years, Seed Treatment Market has emerged as a low-cost, less-labor intensive and a very efficient solution which has got preference over traditional spraying treatment method. The rising prices of genetically modified seeds (GMO) have also boosted the requirement for crop-protection solution to reduce risk on investment, and therefore, drives the seed treatment market.
In the report “Global Seed Treatment Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast” offered by DecisionDatabases.com the complete market overview, size, growth trends & forecasts are elaborately covered. The report includes the seed treatment market analysis on the basis of function, types, crop types and application techniques. The report also descripes the drivers, restraints and growing opportunities in the industry.
Seed treatment is a crop-protection application in which the seeds are treated with chemical, physical and biological agents before sowing. Seed treatment helps to control seed and soil-borne diseases along with enhancing the productivity of crops. It also helps in reducing germination time and increases the yield of the crops. The seed treatment market is driven by its growing demand as a cost-effective crop-protection solution and rising food requirement for burgeoning population across the globe.
Rapidly growing population has created needs for increased number of crop rotation practices, which have led to an increased usage of seed treatment products for the high productivity of crop and to meet the demand for rising food requirement. Seed treatment also minimizes the risk of residue level in the soil, which will further aid in the growth of seed treatment market over the coming years. However, stringent government regulations regarding the registration & formulation of crop protection solutions and difficulty in the disposable of treated seed are major restraints for industry players, which may hinder the growth of seed treatment market in the near future. Increasing R&D initiatives to enhance the seed potential for high productivity along with less resource wastage in the soil are expected to foster the global demand for seed treatment in the forthcoming years.
The report segments the market based on function into crop protection chemicals and seed enhancement. The crop protection chemicals has been further sub-segmented into insecticides, fungicides, and others. On the other hand, the seed enhancement has been sub-segmented into inoculants and physical seed treatment. Furthermore, the seed treatment market has been segmented based on types, crop types and application technique. The cereal & grains is a major crop type segment and is anticipated to witness a double-digit growth in the study period owing to the growing global consumption of corn, wheat & rice as a leading food source due to its low-cost, main source for protein requirement and majorly used staple food item respectively.
North America is a leading market and is expected to continue its dominance over the forecast period on account of the presence of key manufacturers and favorable government policies to support seed treatment application such as extra subsidies in the region. In addition, rising demand for genetic modification of seeds and enhanced seed quality will further open new avenues for the growth of the market in the near future. Asia Pacific is a rapidly growing market and is estimated to grow at a significant rate in the coming years due to growing agricultural industry and rising awareness for crop protection products in the region. Furthermore, increasing initiatives in R&D to enhance the quality of seeds for high productivity will boost the market growth in the forthcoming years.
The industry players that have a major maker share are Bayer CropScience AG, Syngenta AG, BASF SE, Nufarm Limited, Platform Specialty Products Corporation, Sumitomo Chemical Company Limited, E.I. Du Pont De Nemours and Company, Monsanto Company, The DOW Chemical Company and Incotec Group BV.
In May 2016, Syngenta has launched a range of biostimulants , EPIVIO™ brand family, to address abioticstresses through seed treatment.
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