Global Non-Chemical Seed Treatment Market 2015 - Growth, Trends and Forecasts to 2020 for the $420 Billion Industry
Jun 12, 2015, 03:59 ET
DUBLIN, June 12, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/3453zk/global) has announced the addition of the"Global Non-Chemical Seed Treatment Market - Growth, Trends and Forecasts (2014-2020)" report to their offering.
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The global Non-chemical seed treatment market was worth around $260 million in 2015 and is expected to cross $420 million by 2020 growing at the CAGR of 10% during the forecast period 2015-2020.
The market for seed treatment gains in significance due to a number of factors like rise in seed cost, volatility in weather along with price and greater use of multicomponent products are driving the seed treatment market. Greater pressure from regulatory requirements is one of the major factor attributed to drive the market. Primary requirements of seed treatment include capability of offering good protection during the germination period, supporting early plant development and enhancing stress tolerance at an early stage. These can be achieved by improving the quality of seed treatment products that offer ease of application at low rates.
The factors affecting the market are imbalance between the cost & effectiveness, concern for environment and limited shelf life. Due to awareness of health benefits, the biological seed treatments are creating an opportunity for seed treatment market. Asia-Pacific is expected to be the fastest growing market during forecast period.
The global market for seed treatment comprises Non-chemical methods, including physical and biological methods, of which physical method is the most dominant application segment.However, biological seed treatments are slated to witness the fastest CAGR during 2015-2020 in reaching a projected demand by 2020.
By region, North America dominates the global seed treatment market, with a share estimated to be 48.2% in 2015, though Asia-Pacific's demand for these compounds is likely to emerge as the fastest growing with a compounded annual rate of 10.6% during 2015-2020.
Corn/maize is the most widely crop seed to be treated with these compounds, accounting for an estimated share of 31% in 2015. In terms of growth, however, the market for seed treatment for soybeans is likely to be the fastest in compounding annually at 9.5% between 2015 and 2020.
Syngenta, Bayer CropScience and BASF are the top three players in the global seed treatment market, with all of them having an extensive portfolio of agricultural products and solutions. While BioWorks Inc, Advanced Biological Marketing Inc and Valent USA Corp are comparatively smaller players, they offer the potential of becoming big game changers in the area of seed treatment in future. Each company has adopted an individual approach in terms of strategy for future growth.
A few have focused on horizontal growth by expanding their presence in emerging markets that offer greatest scope for future prospects, while yet others have been content to operate within their established boundaries and go in for vertical growth by concentrating on innovations in the area of products and solutions.
Key Topics Covered:
2. Key Findings Of The Study
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
- Adama Agricultural Solutions Ltd (Formerly Makhteshim Agan Industries Ltd) (Israel)
- Advanced Biological Marketing Inc (United States)
- Basf Se (Germany)
- Bayer Cropscience Ag (Germany)
- Bioworks Inc (United States)
- Brettyoung Limited (Canada)
- Chemtura Agrosolutions (United States)
- Dupont (United States)
- Germains Seed Technology (United Kingdom)
- Incotec Group Bv (The Netherlands)
- Verdesian Life Sciences
- Monsanto Company (United States)
- Novozymes A/S (Denmark)
- Nufarm Ltd (Australia)
- Plant Health Care (United Kingdom)
- Precision Laboratories Llc (United States)
- Syngenta International Ag (Switzerland)
- Valent Usa Corporation (United States)
- Wolf Trax Inc (Canada)
For more information visit http://www.researchandmarkets.com/research/3453zk/global
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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