“The seed treatment fungicides market is projected to grow at a CAGR of 9.24% during the forecast period.”
The seed treatment fungicides market is projected to grow at a CAGR of 9.24% from 2017, to reach USD 1.88 billion by 2022. The demand for seed treatment fungicides is projected to be on the rise, owing to factors such as increasing usage of seed treatment solutions on high-priced GM seeds, growth in the area under GM crops, increasing crop demand for biofuel and feed, and the use of fungicides as a low-cost crop protection solution. Depressed commodity prices & farm income and stringent government regulations are the major restraints of the seed treatment fungicides market.
“The market for seed treatment fungicides in cereals & grains is projected to grow at the highest CAGR.”
The market for seed treatment fungicides in cereals & grains was the largest in 2016, and is also projected to be the fastest-growing between 2017 and 2022. Cereal grains such as corn, wheat, and rice provide basic resources for food, globally. For instance, wheat and rice are cereals that form a part of the staple diet in many countries across the world, especially in densely populated countries such as China and India; corn is another cereal that has found its usage in large volumes, for feed, biofuel, and food applications. Thus, seed treatment fungicides are increasingly being used for ensuring healthy crop stand and high yields.
“Seed dressing application technique dominates the market.”
In 2016, the seed dressing technique of application dominated the seed treatment fungicides market; this segment is also projected to be the fastest-growing segment between 2017 and 2022. The technique is most used for fungicide seed treatment since it is a low-cost technique compared to the others. It is hence, economical to use on low-cost cereals and grains, such as wheat and corn, which are the major crop types dominating the seed treatment fungicides market.
“South America is projected to be the fastest-growing region in the market.”
South America accounted for the largest share of the seed treatment fungicides market in 2016; the market in this region is also projected to grow at highest CAGR from 2017 to 2022. In South American countries such as Brazil and Argentina, the production of crops is quite high; corn, soybean, and sorghum are the major cereals grown in these countries and occupy maximum area under cultivation every year. Hence, farmers are focusing on increasing the use of seed treatment fungicides. The Asia-Pacific region is projected to grow at the second-highest CAGR during the forecast period.
The global market for seed treatment fungicides is dominated by large players such as BASF SE (Germany), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Monsanto Company (U.S.), Nufarm Limited (Australia), The Dow Chemical Company (U.S.), FMC Corporation (U.S.), Novozymes A/S (Denmark), Platform Specialty Products Corporation (U.S.), and Sumitomo Chemical Company Ltd. (Japan).
The seed treatment fungicides market has been segmented on the basis of type, crop type, application technique, form, and region. In terms of insights, this research report has focused on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global seed treatment fungicides market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
• To get an overview of the global seed treatment fungicides market
• To get an overview of the key players of the seed treatment fungicides industry and key strategies adopted by key players to increase market presence
• To gain insights on the major regions in which the seed treatment fungicides market is growing
• To gain knowledge of the growth of various seed treatment fungicides.