Seed Treatment Market Rising With Growth In New Technology Trends Research By 2020


The global seed treatment market size is expected to reach USD 5.61 billion by 2020, according to a new report by Grand View Research, Inc., registering a 9.6% CAGR during the forecast period. A thriving agriculture industry is one of the key drivers of market growth. Increasing use of seed treatment in agriculture, coupled with rising demand for organic processing of food products, is expected to boost market demand over the coming years. Growing population has resulted in soaring food demand, thus raising the adoption rate of seed treatment.
Soaring demand for food owing to increasing population globally has prompted the need for more agricultural yield, which is expected to augment the use of seed treatment over the forecast period. In the past few years, consumption of grain was more than its production, resulting in a deficit. This has increased pressure on farmers to produce more yield to cater to rising demand.
The North American market for seed treatment is facilitated by increasing agriculture practices in Canada and Mexico. Developing technologies used in agriculture in these countries are expected to provide avenues for market growth.
Some of the key market players are Syngenta; Bayer; Monsanto; BASF; CropScience; Chemtura; DuPont; Nufarm; Becker Underwood; Plant Health Care; Wolf Trax Incorporation; Valent U.S.A. Corporation; Sumitomo Chemical Company Limited; Precision Laboratories Incorporation; Novozymes A/S; Morflora; Incotec Group BV; Germains Seed Technology; Cibus Global; Ceres Inc.; BrettYoung Limited; ASTEC Global; and Advanced Biological Marketing.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/seed-treatment-market/request/rs4
Denmark is known for its agriculture and food sector and is known to produce food about three times its population. Furthermore, over 60.0% of the country’s land area is under agriculture and is estimated at 2.7 million hectares. This is expected to boost the seed treatment market.
Asia Pacific is expected to witness steady growth on account of increasing agriculture practices in countries such as India and China. With accelerated economic growth in Asia, there is an expanding middle class that has more income to spend on food.
Further key findings from the report suggest:
  • In terms of revenue, the insecticides segment is anticipated to value around USD 3 billion by 2020. The nonchemical segment, on the other hand, is projected to expand at a CAGR of 10.3% over the forecast period
  • By type of crop, corn/maize dominated the global seed treatment market with a share of 34.5% in 2013
  • The North America seed treatment market is anticipated to reach USD 2.32 billion by 2020, accounting for the largest share throughout the forecast period
  • Latin America is projected to witness a remarkable CAGR of 10.3% over the forecast period, owing to rapid developments in the agriculture sector
  • Some of the key companies in the market are Syngenta, Bayer, Monsanto, BASF, CropScience, Chemtura, DuPont, Nufarm, Becker Underwood, Plant Health Care, Wolf Trax Incorporation, Valent U.S.A. Corporation, Sumitomo Chemical Company Limited, Precision Laboratories Incorporation, and Novozymes A/S. 
Population growth and scarcity of agricultural land in these countries is expected to create a significant demand for agricultural products. Increasing adoption of novel technologies in agriculture to increase yield and improve quality is expected to augment market demand in the region over the forecast period.
Corn/maize dominated the global market, accounting for 34.5% of the overall revenue in 2013. The segment is expected to dominate this industry over the forecast period due to increasing demand for corn for the production of biofuels.
Global demand for soybean was valued at USD 748.2 million in 2013 and the segment is projected to register a CAGR of 10.0% from 2014 to 2020. Rising agricultural activities in the Asia Pacific region is expected to boost the market for soybean.
Surging demand for biofuels on the heels of energy conservation is expected to drive the demand for canola crop. The segment is likely to exhibit a CAGR of 10.3% CAGR from 2014 to 2020.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-seed-treatment-market
Grand View Research has segmented the global seed treatment market on the basis of type, crop type:
Seed Treatment Type Outlook (Revenue, USD Million, 2012 - 2020)
  • Insecticides
  • Fungicides
  • Other chemical treatment
  • Nonchemical
Seed Treatment Crop Type Outlook (Revenue, USD Million, 2012 - 2020)
  • Corn/Maize
  • Soybean
  • Wheat
  • Canola
  • Cotton
  • Other
Insecticides dominated the global seed treatment market, accounting for 52.6% of the overall revenue in 2013. Habitat fragmentation, insect prone climate conditions in some regions, and high-performance organophosphates are driving the insecticides segment.
Fungicides accounted for 34.9% of the global demand in 2013. Rising demand from regions with favorable climate conditions promoting fungal growth is expected to drive the segment over the forecast period.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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