Seed Treatment Market Worth 4,566.1 Million USD By 2022
The Global Seed Treatment Market will grow at a CAGR of 8.7% during the
forecast period to reach USD 4,566.1 million by 2022, according to this latest
publication from Meticulous Research®. The global seed treatment
market is primarily driven by its low cost, growing need to increase crop yield
and quality, wide range of benefits of seed treatment, reduction of arable
land, and reduced risk of exceeding minimal residue level. However, stringent government
regulations are restraining the growth of this market to some extent.
The global seed treatment
market is mainly segmented on the basis of type, formulation, application
technique, crop type, and geography. Based on type, the market is segmented into
chemical seed treatment and biological seed treatment. Chemical seed treatment
commanded the largest share in 2016, owing to its increasing usage in
developing countries, easy availability, higher efficiency, and low cost
compared to biologicals. Based on formulation, the
market is segmented into liquid form and dry form. Liquid form seed treatment
commanded the largest share in 2016, owing to its ease of use, storage, and
better performance in comparison with the dry form.
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On the basis of
application techniques, the market is segmented into coating, dressing, and
pelleting. Seed coating application technique held the largest share of the
global seed treatment market in 2016, owing to its broad-spectrum usage on all
crop seeds. Based on crop type, the market is segmented into cereals &
grains, oilseeds, and other crops. Cereals & grains commanded the largest
share in the seed treatment market in 2016, owing to the increasing demand of
cereals & grains across the globe to feed growing population and their
increasing use for industrial application such as animal feed, biofuel, and
starch & ethanol production.
Geographically, North
America accounted for the major share of the global seed treatment market in
2016, followed by Latin America and Europe region. The major share of the North
American region is mainly attributed to its large arable land, increasing
demand for crop yield & efficiency, and growing adoption of high price GM
seeds. However, Asia Pacific region is slated to register the fastest growth
during the forecast period, primarily due to its large area under agriculture
cultivation and growing population in the region which increases the use of
various crop protection chemicals for enhancing crop yield.
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The leading companies
have employed various strategies to expand their product and application
offerings, global footprint, and augment their market shares. The key
strategies followed by most companies in the global seed treatment market were
agreements, partnerships & collaborations, mergers & acquisitions, new
product launches, and expansions. The key players in the global seed treatment
market are Bayer CropScience AG, BASF SE, Syngenta (Subsidiary of ChemChina),
FMC corporation, Monsanto Company (Part of Bayer), E.I. du Pont de Nemours and
Company, Nufarm Limited, The Dow Chemical Company, Sumitomo Chemical Co., Ltd,
Arysta LifeScience Corporation (Platform Specialty Products), ADAMA
Agricultural Solutions Ltd, UPL Limited, Croda International Plc, and Tagros
Chemicals India Ltd.
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About Meticulous Research®
MeticulousResearch® is founded in 2010 and incorporated
as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company
under the Companies Act, 1956. Since its incorporation, the company has become
the leading provider of premium market intelligence in North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa.
Contact
Us:
Viren Shrivastava
Viren Shrivastava
AVP-
Global Sales and Marketing
Meticulous
Research®
Tel:
+1-646-781-8004
Email: viren@meticulousresearch.com
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