Japanese Seed Treatment Market – Growth, Trends and Forecasts by Application Area [Chemical Agents (Insecticides, Fungicides and Other Chemicals) and Biological Agents] and Crop Type (Corn/Maize, Soybeans, Wheat, Rice, Canola, Cotton and Other Crops) (2014-2020)
The Japanese market for seed treatment is likely to sustain the slowest 2014-2020 CAGR of 5.3% in overall Asia-Pacific. While chemical seed treatment agents form the largest application, with an estimated 2014 share of 92.4%, demand for biological seed treatment agents is expected to maintain the fastest CAGR of 6.1% over the aforementioned period. Though demand for seed treatment in rice is the highest in Japan, with an estimated share of 36.1% in 2014, fastest CAGR for the same is expected to be witnessed by canola, with a forecast 5.9% during 2014-2020.
Similar to rice, soybeans have constituted a staple of Japanese food culture since ancient times. Typically, the demand from the Japanese soy industry is for a product of superior quality that has high content of protein and sucrose. Japanese manufactures utilize a variety of different soy species that are intended for multiple end uses. Tofu (soybean curd), is the most common end use for soy in Japan, accounting for 58 percent of total food soybean use.
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.
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 from Mordor Intelligence provides a comprehensive analysis of the Japanese market for seed treatment based on application segments that include 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.
Adama Agricultural Solutions Ltd
Advanced Biological Marketing Inc
Bayer CropScience AG
Germains Seed Technology
INCOTEC Group BV
INTX Microbials LLC
Plant Health Care
Precision Laboratories LLC
Syngenta International AG
Valent USA Corporation
Wolf Trax Inc