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April 18, 2019 | Agriculture
Pune, India, April 2019: The Global Seed Treatment Market is booming on account of tremendous growth in the agriculture industry over the past few years. Reduced chemical loading to nature, protection to the planted high value crop seeds, and better crop density are the factors that are projected to support the growth of the seed treatment market during the projected period. Fortune Business Insights in a new study, titled “Seed Treatment Market: Global Market Analysis, Insights and Forecast, 2018-2025” predicts the market to exhibit a CAGR of 12.19%. The global seed treatment market was valued at US$ 5.33 Bn in 2017 and is anticipated to reach US$ 13.46 Bn by the end of 2025.
Among savvy players in the seed treatment market, Bayer CropScience holds a significant contribution. Strong R&D efforts, impressive product portfolio, and historical establishment helped this company to emerge dominant. Other players operating in the seed treatment market are BASF, Syngenta, Incotec, Arysta LifeSciences, Nufarm, UPL, and Sumitomo Chemicals. Also, leading companies or manufacturers are offering innovative seed treatment products to control the impact of abiotic tolerances.
Rising Government Initiatives to Encourage Use of Seed Treatment Chemicals
“The cost efficiency in achieving overall crop protection during the emergence stage of the crop is positively impacting the seed treatment market,” says a lead analyst at FBI. “These benefits act as a better alternative than traditional methods of pest control, thus driving the seed treatment market,” he added. The seed treatment market is primarily driven by the rising demand for food grains and better economic growth among countries. Governments across some regions are encouraging the use of seed treatment products as these products offer protection from insects, pests, and pathogens. Fortune Business Insights forecasts this as another factor driving the seed treatment market in the next coming years. In addition to these factors, the seed treatment is less labor intensive and enhances the yield of crops, which is expected to fuel demand for seed treatment machines between 2018 and 2025. FBI, on the above mentioned factors forecasts the seed treatment market to create attractive growth spaces throughout the forecast period.
As per product type, biological seed treatment segment is expected to hold around 19-20% share of the global seed treatment market in 2025 from 14-15% share in 2017. Seed treatment with biologicals have shown beneficial results in various field trials and have gained higher acceptance from the crop producers over the years.
Technological Advancements in Agriculture May Facilitate Market in North America
The increasing number of agricultural practices in North America are expected to witness growth in this region. Technically advanced machines and novel treatments will offer avenues to the growth of seed treatment market in North America. Asia Pacific is anticipated to offer lucrative growth opportunities over the forecast period due to growing commercial seed market and government bodies efforts to expand the seed replacement ratio to enhance the productivity and quality of the crops. The growth is observed on account of developing agricultural practices in countries such as India and China. Additionally, the boosted economic growth in this region is projected to drive the seed treatment market until 2025.
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156
Segmentation of the Global Seed Treatment Market
· Synthetic Chemicals (Fungicides, Insecticides, and others)
· Biologicals (Biopesticides, Biofertilizers, and Biostimulants)
· Seed Protection
By Application Technique
· Seed Coating
· Seed Dressing
By Stage of Seed Treatment
By Crop Type
· Fruits & Vegetables
· Other Crops
· North America (U.S., Canada, and Mexico)
· Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)