Seed Treatment Market Size:
According to Market Data Forecast, The Global Seed Treatment Market was worth USD 7447.8 million in 2018 and estimated to be growing at a CAGR of 10.27%, to reach USD 12142.69 million by 2023.
The major driver of the market is the increasing global population which in turn led to increase in food requirements. Other factors like Rise in cost of fertilizers & pesticides, increase in farm sizes, increase in rates of crop rotation and increased awareness among farmers about the benefits of using agro products are also driving the market for seed treatment. Increasing R&D costs related to improving crop quality is expected to increase the growth of the market. Major Restraints of the market are increased concerns over environment, Limited Duration of Protection.
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Global market for Seed treatment is segmented based on crop type into Corn/Maize, Soybeans, Wheat, Rice, Canola, Cotton, Other products. Application segment includes Chemical Agents- Insecticides, Fungicides, other chemicals and Biological Agents. Based on function the market can be divided into Crop Protection Chemicals and Seed Enhancement. Corn/maize held the largest share of over 25% of the overall market revenue. The high market share of maize was contributed due to the increasing corn demand for producing bio-fuels. Canola is anticipated to witness the maximum growth as these seeds possess a high content of oil, which leads to an increasing demand.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America is the largest market for seed treatment and expected to continue its dominance. Much of the region’s growth comes from the US, which is one of the largest treated seed exporting countries in the world. The Seed Treatment Market is projected to expand in Asia Pacific due to higher economic growth in the region.
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Key Players in this Market:
- Bayer CropScience
- BioWorks Inc
- Valent USA Corp
- Adama Agricultural Solutions Ltd
- Advanced Biological Marketing Inc
- Brettyoung Limited
- Chemtura Agrosolutions
- Germains Seed Technology
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Key Takeaways from this Report:
- For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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