Global Seed Treatment Market – Growth, Trends And Forecasts (2014 – 2019)

    Sep 12 2014   Pages: 0   Language: English   Price: $4250

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      The global market for seed treatment comprises chemical agents, including insecticides, fungicides and other chemicals and biological agents, of which chemical agents form the most dominant application segment. Biological seed treatment agents include applications that are derived from renewable resources and contain natural active ingredients. These seed treatment agents have no adverse impact on the environment, workers and consumers in comparison to chemical agents, as a consequence of which demand for them is forecast to witness the fastest growth.                                                                  

      Worldwide, chemical agents dominate the market for seed treatments, cornering an estimated share of 93.9% in 2013, with demand for the same projected to reach US$3.4 billion by 2020 at a CAGR of 6.4% between 2014 and 2020. Within this application category, insecticides constitute the largest sub-category, with an estimated 2014 share of 50.5% of overall seed treatment demand. However, fungicide seed treatments are slated to witness the fastest CAGR of 7.1% during 2014-2020 in reaching a projected demand of US$1.3 billion by 2020. The global market for biological seed treatment agents is slated to outpace chemical agents by posting a robust CAGR of 7.6% over the similar period to reach a projected US$240.6 million by 2020.
       
      By region, North America dominates the global seed treatment market, with a share estimated to be 48.2% in 2014, though Asia-Pacific’s demand for these compounds is likely to emerge as the fastest growing with a compounded annual rate of 8.4% during 2014-2020.
       
      Corn/maize is the most widely crop seed to be treated with these compounds, accounting for an estimated share of 31% in 2014. In terms of growth, however, the market for seed treatment for soybeans is likely to be the fastest in compounding annually at 7.1% between 2014 and 2020.
       
      The market for seed treatment gains in significance due to a number of factors, prominent among which are agronomic trends that comprise development of high quality seeds through the enhanced potential offered by genetically modified organisms (GMOs), changes in climatic conditions, increasing rates of crop rotation, flexibility in sowing approaches and greater pressure from regulatory requirements. 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. In short, it may be summed up that the foundation for the future lies in the concept of innovation in seed treatment.
       
      The greatest prospects for seed treatment lie in maximizing the plant’s generic potential through bespoke solutions, which need a combination of crop protection, innovation and crop solution techniques. Of these, the first encompasses conventional techniques of foliar and seed disinfection, the second involves existing techniques for enhancing seed vitality through innovative application technologies and the third covers crop management through using innovative technology for genetics/traits.
       
      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.
       
      This report provides a comprehensive analysis of the global market for seed treatment based on application segment that includes chemical agents (insecticides, fungicides and other chemicals) and biological agents. The other area analyzed includes crop type undergoing seed treatment, including corn/maize, soybeans, wheat, rice, canola, cotton and other crops. Companies covered in the report include Adama Agricultural Solutions Ltd (Formerly Makhteshim Agan Industries Ltd), Advanced Biological Marketing Inc, BASF SE, Becker Underwood, Bayer CropScience AG, BioWorks Inc, BrettYoung Limited, Chemtura AgroSolutions, DuPont, Germains Seed Technology, INCOTEC Group BV, INTX Microbials LLC, Monsanto Company, Novozymes A/S, Nufarm Ltd, Plant Health Care, Precision Laboratories LLC, Syngenta International AG, Valent USA Corporation and Wolf Trax Inc.

      Country-wise reports on seed treatment are also available.
      Please contact us for details of certain country seed treatment report: terry@agropages.com


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