Market Research Report
Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection (Insecticides, Fungicides) and Seed Enhancement), Crop Type (Cereals & Grains, Oilseeds & Pulses), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||227819|
|Published||Content info||205 Pages
|Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection (Insecticides, Fungicides) and Seed Enhancement), Crop Type (Cereals & Grains, Oilseeds & Pulses), and Region - Global Forecast to 2022|
|Published: February 26, 2018||Content info: 205 Pages||
"The seed treatment market is projected to grow at a CAGR of 10.82% during the forecast period."
The seed treatment market is estimated at USD 6.76 billion in 2017 and is projected to grow at a CAGR of 10.82% from 2017, to reach USD 11.31 billion by 2022. This market has been gaining prominence among farmers to improve the agricultural yield and curb excessive pesticide application. Factors such as growing demand for precision farming and increasing awareness about the environmental concerns associated with excessive pesticide use across the world are projected to drive the seed treatment market. On the other hand, factors such as the high cost of seed treatment products and the low adoption rate of technology in developing markets are expected to restrain the growth of the seed treatment market.
On the basis of crop type, the oilseeds & pulses segment is projected to grow at the highest rate during the forecast period. The increasing cultivated areas under soybean, canola, and sunflower in North America, Asia Pacific, and Europe are projected to drive the application of seed treatment in these crops for their higher industrial value.
On the basis of application technique, the seed coating segment dominated the market in 2017 due to the increased adoption of this technique across the globe. Huge demand for multifunctional seed technologies and the advent of controlled-release technology in seed treatment are the factors driving the growth of seed coating.
Asia Pacific is projected to be the fastest-growing region in the seed treatment market between 2017 and 2022. The Asia Pacific region has been experiencing significant demand for seed treatment due to the need to undertake efforts to minimize the environmental concerns associated with excessive pesticide use. There has been a positive trend in the consumption of insecticide seed treatment in countries such as Australia, China, and other developing countries of the region.
The seed treatment market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW).
Breakdown of the profile of primary participants is as follows:
The market is dominated by key players such as Bayer (Germany), Monsanto (US), Syngenta (Switzerland), BASF (Germany), Dow AgroSciences (US), DuPont (US), FMC (US), Sumitomo Chemical (Japan), Arysta LifeScience (US), INCOTEC (Netherlands), Nufarm (Australia), UPL (India), and Germains (UK).
From an insight perspective, this research report has focused on various levels of analyses-competitive landscape mapping, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the seed treatment market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.