Seed Treatment Market | Key Players are Bayer, Monsanto, Syngenta, BASF, Dow AgroSciences, DuPont, Nufarm, Germains

The seed treatment market is projected to grow at a CAGR of 10.82% from USD 6.76 Billion in 2017, to reach USD 11.31 Billion by 2022. Due to the increasing demand for integrated pest management practices to minimize pesticide usage, seed treatment products have been gaining preference for their beneficial characteristics such as the ability to combat early-season diseases and pests and their effect on crop yield.

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The years considered for the study are as follows:

Base year – 2016
Estimated year – 2017
Projected year – 2022
Forecast period – 2017 to 2022

The objectives of the report:

1. Determining and projecting the size of the market with respect to type, function, crop type, application technique, and region, over the period ranging from 2017 to 2022
2. Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
3. Analyzing the demand-side factors on the basis of the following:
4. Impact of macro- and micro-economic factors on the market
5. Shift in demand patterns across different subsegments and regions

Cereals & grains segment is estimated to be the most important crop type for the seed treatment market

Pesticide application on cereals & grains was seen to be the highest in the US and Asia Pacific countries. Insecticides such as imidacloprid and thiamethoxam have been widely used on corn and wheat cultivation in countries such as the US, China, and India. An increase in demand has been witnessed for seed treatment from developing regions as well due to the increasing awareness about sustainable agricultural practices. Hence, the cereals & grains segment dominated the seed treatment market in 2016.

Biological seed treatment, by type, is projected to be the fastest-growing segment over the next five years

The adoption of chemicals in seed treatment is decreasing owing to the awareness of the toxicological effects associated with them and the environmental degradation caused by excessive use of these pesticides. A majority of these chemicals have been banned in a few countries across Europe, which affects the global market to a significant extent. Due to the adoption of sustainable agricultural practices in developing and developed countries, biological seed treatment has been gaining importance amongst the farmers, which can be seen from the increasing research & development activities by the key players in this market.

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Significant competition to capitalize on the market potential among international manufacturers in the Asia Pacific and South American regions

The rise in export quality requirements for agricultural products and increasing adoption of integrated pesticide management agricultural practices in countries such as China, India, Brazil, and Argentina are expected to drive the demand for seed treatment among the farmers in the Asia Pacific and South American regions during the forecast period. This would increase the inflow of various international manufacturers to set up their business units and distribution networks, thereby leading to strong market competition.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include Bayer (Germany), Monsanto (US), Syngenta (Switzerland), and BASF (Germany), which are some of the well-established and financially stable players that have been operating in the industry for several years. Other players include Dow AgroSciences (US), DuPont (US), FMC (US), Sumitomo Chemical (Japan), Arysta LifeScience (US), INCOTEC (Netherlands), Nufarm (Australia), UPL (India), and Germains (UK).

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This release was published on openPR.