Seed Treatment Market Worth 9.82 Billion USD by 2021
PUNE, India, August 5, 2016 /PRNewswire/ --
The report "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", the market is projected to reach a value of USD 9.82 Billion by 2021 at a CAGR of 10.8%.
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Browse 91 market data Tables and 72 Figures spread through 193 Pages and in-depth TOC on "Seed Treatment Market"
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The market is driven by factors such as acreage and advanced technologies that warrant the need for treated seeds, reduced risk of exceeding minimum residue level, and the increasing prices of GM crops creating a need for crop protection. The high growth potential in emerging markets and untapped regions provides new growth opportunities for the market players.
Cereals & grains is the fastest growing segment in the Seed Treatment Market by crop type during 2016-2021
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 sources 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.
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Seed coating application technique has the largest market in the seed treatment industry
The seed coating method includes a specific binding agent that is used with a formulation to enhance adherence to the seed. There is a demand for multifunctional seed technologies, which is one of the driving factors behind the growth of the seed coating industry. Companies such as Bayer CropScience AG (Germany) and INCOTEC Group BV (Netherlands) are investing in R&D activities to introduce new and innovative seed technologies that would overcome the difficulty of germination, sowability, flowability, and dust control.
Significant growth for seed treatment is observed in the North American region
The U.S. was the largest market and accounted for a significant share of the total North American Seed Treatment Market in 2014. The U.S. is the largest producer of seed treatment as well. Moreover, there are many reasons that drive this market in this region such as the ready provision of substantial extra subsidies by the U.S. government. The region is concentrated among few main players such as Monsanto Company (U.S.), DuPont (U.S.), Syngenta AG (Switzerland), and The Dow Chemical Company (U.S.), which contribute to more than half to the North American market.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Syngenta AG (Switzerland), Monsanto Company (U.S.), Bayer CropScience AG (Germany) and Platform Specialty Products Corporation (U.S.).
Browse related reports:
Seed Market by Type (Cereals & Grains, Oilseeds, and Fruit & Vegetables), Seed Trait (Herbicide Tolerant, Insect Resistant, and Other Stacked Traits), & by Region - Global Trends & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/seed-market-%20126130457.html
Biological Seed Treatment Market by Type (Microbial & Botanicals), Crop Type (Cereals & Grains, Oilseeds, & Pulses, Fruit & Vegetables) & Region - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/biological-seed-treatment-market-162422288.html
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