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Seed treatment market Worldwide Growth Industry Application Analysis and Outlook Forecast to 2023
The high demand for seed treatment Market can be attributed to its low cost and enhanced crop yield. The increasing population across the globe has generated immense demand for food, which is the major factor driving the market growth.
Seed treatment is the application of fungicide, insecticide, or a combination of both. The treatment is employed to disinfect and disinfest seeds from soil or seed borne pathogenic organisms and storage insects. Seed treatment provides various benefits such as prevent plant diseases, seed rotting, and improves germination. Some of the disadvantages related to the seed treatment are accidental poisoning, cropping restriction, limited dose capacity, and phytotoxicity. The crops that are generally treated with seed treatment are corn, wheat, rice, barley, soybean, cotton, sunflower, and others. The increasing population across the globe has generated immense demand for food, which is the major factor driving the market growth. Furthermore, fast-paced industrialization and urbanization have led to the reduction of arable land, which is another important factor propelling the demand for seed treatment. Additionally, unfavorable soil conditions, which lead to the growth of undesirable fungi spores and result in damaged seeds is another reason that drives the seed treatment demand. The adoption of seed treatment is also increasing due to the need for conservation of traditional and indigenous breeds in various regions. Moreover, the demand for high-quality food grains and vegetables across the globe is expected to fuel the demand for seed treatment. This increase in the demand is augmented due to the shifting trends towards the organic consumables as a result of increasing health awareness amongst the consumer.
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Recent ongoing research and projects coupled with the key market development such as new treatment product launch are likely to fuel the market growth. For instance, the EU project “Seed Treatments for Organic Vegetable Production” (STOVE) aimed to evaluate a non-chemical method for control of seed-borne pathogens in organic vegetable production. In May 2017, Syngenta announced the launch of new seed treatment fungicide named PLENARIS™ for control of downy mildew in sunflower.
The global seed treatment market is segmented on the basis of the types, application, active ingredients, methods, and region. On the basis of the type, the global seed treatment market is segmented into seed disinfection, seed disinfestation, and seed protection. Based on the application, the market is segmented into seed dressing, seed coating, and seed pelleting. On the basis of the active ingredients, the market is segmented as insecticides, fungicides, bactericides, and others. By the method, the market is segmented into physical seed treatment, chemical treatment, biological treatment, hot water treatment, dry heat treatment, and others.
The global seed treatment market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific accounted for the major market share in 2017 owing to the presence of agricultural countries in the region. The changing lifestyle along with the increasing health awareness amongst the consumer is expected to drive the regional market. Rising demand for organic food products in the European region is likely to drive the demand for seed treatment in the region. Latin America is one of the major exporters of food and agricultural commodities. The rise in agricultural productivity is essential to meet domestic food needs or to maintain or enhance export competitiveness, which is likely to drive the seed treatment market during the assessment period. The Middle East & Africa is estimated to witness a significant growth on account of the increasing demand for agrochemicals and pesticides. Browse the market data and information spread across 100 pages with 59 data tables and 15 figures of the report in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/seed-treatment-market-6153
Key Players and Competition Analysis
Some of the manufacturers operating in the global seed treatment market are Bayer (Germany), Monsanto (U.S.), Syngenta (Switzerland), BASF SE (Germany), DowDuPont (U.S.), FMC (U.S.), Sumitomo Chemical (Japan), Arysta LifeScience (U.S.), INCOTEC (Netherlands), Nufarm (Australia), UPL (India), and Germains (U.K).
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