Global Seed Treatment Market 2018 Analysis, Share, Trends and Forecast by 2023

Global Seed Treatment Market-Segmented by Application, Function, Crop Type, Application Techniques, and Geography-Growth, Trends, and Forecast (2018-2023) Report provides an extensive research on the fast-evolving Seed Treatment Market. It also gives competitive landscape of the leading companies with regional and global analysis of the market till 2023.

In 2017, the global seed treatment market was valued over USD 5100.4 million. The market is expected to register a CAGR of 10.5% during the forecast period (2018-2023). Bio-based seed treatment segment will be the dominant segment of the market. Geographically, North American and European regions are the top two consumers of seed treatment with a combined market share of around 66%.

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Major Players: Adama Agricultural Solutions Ltd, Valent Biosciences Corporation, Basf Se, Bayer Cropscience Ag, Bioworks Inc., And Syngenta International Ag, among others.

Rise in the cost of High-Quality Seeds Drives the Market
The chemical seed treatment usage has increased from 5391.4 tons of active ingredients in 2008 to 9623.3 tons of active ingredients in 2013. Due to higher regulatory issues relating to fumigation and foliar application of pesticides, seed treatment is being increasingly considered by farmers as a mode of protection on high investments made on good quality seeds.

Owing to the increasing demand for high-quality seeds with desirable agronomic traits, the cost of seeds is increasing. Both companies and farmers are ready to spend extra for seed treatment solutions to save costly high-quality seeds from quality degradation.

Low Adoption Rates among Farmers Restraints the Market
Lack of general awareness, along with the paucity of cost-effective, better environment-friendly, and productivity increasing new seed treatment technologies act as major constraints to the market, especially in the developing nations. While the majority of the seeds used in developed economies, including the US, undergo seed treatment, it is as low as 20% in the developing nations.

According to a research carried Directorate of Rapeseed-Mustard Research in India, low adoption of seed treatment, with a mean percentile score of 23.2, was observed in major rapeseed-mustard growing regions of India, such as Rajasthan, Haryana, and Uttar Pradesh. Most of the farmers do not use seed treatment due to the lack of knowledge about the advantages of seed treatment and the high costs involved in purchasing agro-chemicals for seed treatment.

North America Dominates the Market Share
North America has the largest market share accounting for 39.7% of the global market. The North American seed treatment market was estimated to reach a market value of USD 2027.0 million in 2017 and is estimated to grow at a CAGR of 10.0% in the forecast period. The US has the largest market value of USD 1546.2 million in 2017, and it also has the largest share of the global market. Within the North American region, the US has a market share of 76%, followed by Canada with a market share of 20%. Canada is the fastest growing market for seed treatment in the North American region with a CAGR of 11.0% followed by Mexico with 10.0% in the forecast period.

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By Function, Seed Protection Dominates the Market
The seed protection based seed treatment market was valued at USD 3264.3 million in the year 2016, with an estimated CAGR of 10.3% during the forecast period. The market for insecticides claimed the major share of 55.6% in 2016, followed by fungicides (23.9%) and others, including nematicides (19.6%) in terms of market revenue. In terms of market value, more than 60% of the global share is held by insecticides or a combination of insecticides and fungicides based seed treatment methods. However, in terms of the application of treated seeds per acreage, the insecticides or a combination of insecticide and fungicide-treated seeds account for approximately 30% only

Reasons to Purchase this Report:
• To have an understanding of the fastest growing regions during in the seed treatment market and their growth trends during the forecast period
• The report outlines drives, restraints, and trends that are currently effecting the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The report covers in-detail insights about the competitors’ overview, company share analysis
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report:
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Major Points in Table of Contents:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Market Dynamics
7. Market Segmentation
8. Competitive Landscape
9. Key Players

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