Published Date : Aug 29, 2016
ALBANY, NY, Aug 29, 2016 - MarketResearchReports.biz has added a new report, titled “Global Seed Treatment Market 2016-2020,” to its offering. This report on the seed treatment market is compiled by conducting both primary and secondary research. The sources that have been consulted include encyclopedias, industrial databases, and directories. This study provides an extensive understanding of the dynamics impacting the development of this market. It comprises thoughtful insights, statistically supported data, and historical information on the overall market. In addition, this market has been evaluated in terms of key trends, macroeconomic indicators, and market attractiveness.
The global seed treatment market is poised to rise at a healthy 9.94% CAGR between 2016 and 2020. The report starts by presenting an introduction to the global seed treatment market. The prime highlights related to the market have also been encapsulated under this part of the study. Additionally, the scope of utilization, the prime drivers, and the chief seed treatment methods employed in the market are presented in this section of the study. The growing demand for food owing to the increasing global population and the rising adoption of GE seeds are amongst the prime factors fuelling the growth of the global seed treatment market.
The next part of the report presents the segmentation of the market. The seed treatment market has been segmented in terms of crop type, product type, and geography. In terms of crop type, the report segments the market into wheat, rice, cotton, corn/maize, and soybean. Of these, the segment of maize or corn held a significant share of approximately 32% in the market in 2015. Corn treated by utilizing corn seed treatment facilities is further utilized to make corn syrup. Corn syrup is utilized as a prime ingredient in the production of ethanol, which is then used in a number of industrial applications.
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By product, the seed treatment market is segmented into non-chemical seed treatment and chemical seed treatment. Chemical seed treatment methods are further segmented into fungicides, insecticides, and other seed treatment products. Of these, the chemical seed treatment method led the market in 2015 with a share of over 95%. This is owing to the fact that chemical seed treatment methods are being widely employed in industries owing to their high efficiency and stability. Amongst chemical seed treatment methods, the demand for insecticide seed treatment methods is more as compared to others and this segment is predicted to maintain its dominance all through the forecast period. This is owing to the growing prevalence of crop infections globally.
In terms of geography, the report categorizes the global seed treatment market into North America, Asia Pacific (APAC), South and Central America, Europe, and Rest of the World (RoW). Of these, North America held a dominant share in the market in 2015 and is predicted to constitute a share of approximately 33% by the end of 2020. Hence, this region will maintain its superiority all through the forecast period.
The prime players operating in the global seed treatment market are BASF, Bayer, Monsanto, Nufarm, Syngenta, Advanced Biological Marketing, Bioworks, Chemtura Agrosolutions, DuPont, Novozymes, and Plant Health Care, among others, as stated in this study.
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