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Seed Treatment Market Growth and Future Scope Of Key Major Players are Syngenta, Bayer CropScience, BASF, Monsanto, BioWorks, Valent USA Corp, Adama Agricultural Solutions Ltd, Brettyoung Limited, Chemtura Agrosolutions, Dupont and Germains Seed Technolog

11-12-2018 10:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Data Forecast

Seed Treatment Market Growth and Future Scope Of Key Major

Seed Treatment Market Size:

According to Market Data Forecast, The Global Seed Treatment Market was worth USD 7447.8 million in 2018 and estimated to be growing at a CAGR of 10.27%, to reach USD 12142.69 million by 2023.

The global market is poised for growth owing to the growing research & development initiatives to improve the seed's potential for genetic yielding. Seed treatment involves the application of biological, physical, and chemical agents during planting to improve the health of crops. It helps to control soil and seed-borne infections, diseases and increases the crop yield leading to enhanced productivity. Seed treatments can be an environmentally friendlier way of using pesticides as the amounts used can be very small. Biological seed treatment agents are antagonistic fungi or bacteria used for protecting seeds.

The major driver of the market is the increasing global population which in turn led to an increase in food requirements. Other factors like Rising in the cost of fertilizers & pesticides, increase in farm sizes, increase in rates of crop rotation and increased awareness among farmers about the benefits of using agro products are also driving the market for seed treatment. Increasing R&D costs related to improving crop quality is expected to increase the growth of the market. Major Restraints of the market are increased concerns over the environment, Limited Duration of Protection.

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Market Segmentation:

The global market for Seed treatment is segmented based on crop type into Corn/Maize, Soybeans, Wheat, Rice, Canola, Cotton, Other products. Application segment includes Chemical Agents- Insecticides, Fungicides, other chemicals, and Biological Agents. Based on the function the market can be divided into Crop Protection Chemicals and Seed Enhancement. Corn/maize held the largest share of over 25% of the overall market revenue. The high market share of maize was contributed due to the increased corn demand for producing biofuels. Canola is anticipated to witness the maximum growth as these seeds possess a high content of oil, which leads to an increasing demand.

Geographical Analysis:

Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. North America is the largest market for seed treatment and expected to continue its dominance. Much of the region’s growth comes from the US, which is one of the largest treated seed exporting countries in the world. The seed treatment market is projected to expand in the Asia Pacific due to higher economic growth in the region.

Browse Report Brief and TOC @ https://marketdataforecast.com/market-reports/global-seed-treatment-market-750/

Key Players in this Market:

• Syngenta
• Bayer CropScience
• BASF
• Monsanto
• BioWorks Inc
• Valent USA Corp
• Adama Agricultural Solutions Ltd
• Advanced Biological Marketing Inc
• Brettyoung Limited
• Chemtura Agrosolutions
• Dupont
• Germains Seed Technology

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Reasons to Purchase Seed Treatment Market Report:

• Current and future Seed Treatment Market Outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• 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

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About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com

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