- Seed treatment encompasses disinfecting seeds from pathogenic organisms and insects through the use of insecticides, fungicides or both. As per a recent study by Grand View Research, Inc., the worldwide seed treatment market will be valued at about USD 5.5 billion by 2020. The growth of the market can be attributed to higher availability of low cost treatments.
For Market Research Report on “Seed Treatment Market” Visit -http://www.grandviewresearch.com/industry-analysis/seed-treatment-market
Large-scale research on increasing productivity through better practices is another important reason for market development. Burgeoning global population, costs of fertilizers and pesticides, and awareness regarding the advantages of high-end agricultural products also trigger further demand for the market.
Some of the factors hampering the seed treatment market include strict regulations related to ingredients’ use, low product shelf life, and expensive and long product registration procedures. Grand View Research finds that insecticides occupied more than 49% share in 2013. They are widely used for protecting seeds from bacteria, fungi, aphids, etc.
Their benefits like ease of use and affordability are expected to fuel this sector. Non-chemical seed treatments are estimated to grow at a CAGR of 10.2 percent from 2014 to 2020. Growing awareness regarding ecological sustainability and human health coupled with augmented adoption of organic farming is driving the demand for non-chemical seed treatments.
The major crops that undergo seed treatment are soybean, canola, wheat, corn, and cotton. The revenue share of corn/maize in the seed treatment market was more than 29% in 2013. This was primarily due to the rising use of corn in the manufacture of bio-fuels. Canola is estimated to grow the fastest, at a CAGR of 10.4 percent, from 2014 to 2020.
It is increasingly being subjected to seed treatment because of its high oil content. Like corn, canola too is used for making bio-fuels. This is bound to create opportunities for the seed treatment market. North America led the market in 2013. It fetched revenues amounting to USD 1.3 billion that year.
Asia Pacific, with a CAGR of 10.5 percent, will experience the fastest growth from 2014 to 2020. A robust agricultural sector, technological advancements and ongoing research for better productivity are the primary reasons for the same. Grand View Research identifies Ceres Inc., BASF SE, DuPont, Morflora, and Sumitomo as some of the leading players in the global seed treatment market.
Chemical Company Ltd., Plant Health Care Inc., Wolf Trax Inc, Syngenta AG, Novozymes A/S, ASTEC Global, and Cibus Global are the other significant participants. These companies are engaged in creating newer and improved products. Patent registration is a key industry concern.
Information Source: Grand View Research
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