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.
 |
North America seed treatment market revenue by crop type, 2012-2020, (USD Million) |
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.
Browse full
research report on Seed Treatment Market: 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.
Browse more
reports of this category by Grand View Research: 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
Access
Press Release By Grand View Research: 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.
No comments:
Post a Comment