PUNE, India, August 12, 2016 /PRNewswire/ --
The worldwide seed treatment market is forecast to reach $9.82 billion by 2021 at a CAGR of 10.8% driven by increasing prices of GM crops, affordable crop protection solutions, rising world population & resultant food requirement and nutrition deficiencies created by crop rotation practices.
Complete report on global seed treatment market spread across 193 pages, profiling 10 companies and supported with 91 tables and 72 figures is now available at http://www.reportsnreports.com/reports/144659-seed-treatment-market-trends-and-global-forecasts-and-technical-insights-2018.html .
Seed coating technique led the seed treatment market with the largest share in 2015. In regard with the market, the seed coating industry is projected to grow in the next coming years. Companies such as Bayer Crop Science AG (Germany) and INCOTEC Group BV (Netherlands) are investing in R&D activities in order to introduce new and innovative seed technologies that will overcome the difficulty of germination, sow ability, flow ability and dust control.
There is a demand for multifunctional seed technologies which is one of the driving factors behind the growth of the seed coating industry. Moreover, the companies involved in this industry are focusing on global expansion and establishing new plants to increase their production capacity, and increasing their product lines as well.
In the cereals & grains segment, the main crops that have been considered are corn, wheat, and rice. These crops are commonly consumed across the world and thus have an increased market demand. For instance, corn is an important crop for low income population which is one of the key factors driving the demand for crop. In case of wheat, it is one of the leading protein source in the human food compared to other cereals which has led to its rise in demand. On the other hand, rice is one of the staple foods in many countries, such as India and China which has resulted in its market growth.
North America leads the seed treatment market in terms of growth rate between 2016 and 2021. The North American region is projected to have the largest market in the next five years owing to the substantial benefits of seed treatments; there is a huge demand for seed treatment products in this region. Ready provision of substantial extra subsidies by the U.S. government, as well as the presence of key players such as Monsanto Company (U.S.), DuPont (U.S.), Syngenta AG (Switzerland), and The Dow Chemical Company (U.S.) has led to the growth of the seed treatment market in this region. The market is also projected to grow at the highest CAGR during the forecast period.
BASF SE (Germany), Syngenta AG (Switzerland), Monsanto Company (U.S.), Bayer Crop Science AG (Germany) and Platform Specialty Products Corporation (U.S.) collectively accounted for the largest portion of the seed treatment market in 2015. Other players such as Nufarm Limited (Australia), Sumitomo Chemical Company Limited (Japan), E.I. Du Pont De Nemours and Company (U.S.), The Dow Chemical Company (U.S.), and Incotec Group BV (Netherlands) also have a strong presence in this market. Order a copy of Seed Treatment Market by Function (Crop Protection Chemicals and Seed Enhancement), Type (Chemical and Non-Chemical), Crop Type (Cereals & grains, and Oilseeds), Application Technique, & by Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=144659 .
In the process of determining and verifying, the global seed treatment market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (40%), Tier 2 (37%) and Tier 3 (23%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Director Level (28%), C-level (43%) and others (29%) from various key organizations operating in the global seed treatment market. The primary interviews were conducted worldwide covering regions such as North America (33%), Europe (26%), Asia-Pacific (30%), and Latin America (11%).
On a related note, another research on Seed Coating Materials Market Global Trends & Forecasts to 2020 says, the seed coating materials market will reach a value of $ 1.63 billion by 2020, growing at a CAGR of 7.6% from 2015 to 2020. Polymers accounted for the largest market share in 2014 among all the types used as seed coating materials. Cereals & Grains segment led the market with the largest share in 2014. Companies like BASF SE, Bayer Crop Science AG, Clariant AG, Croda International PLC, Platform Specialty Products Corporation, Brett Young Seeds Limited, INCOTEC Group BV, Keystone Aniline Corporation, Precision Laboratories, LLC, and Germains Seed Technology, Inc. have been profile in this 160 pages research report available at http://www.reportsnreports.com/reports/298232-seed-coating-materials-market-by-type-polymers-colorants-binders-and-other-additives-by-crop-type-cereals-grains-oilseeds-fruits-vegetables-by-geography-global-trends-forecasts-to-2019.html .
Explore more reports on Chemicals market at http://www.reportsnreports.com/market-research/chemicals/ .
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