The seed treatment market consists of crop protection chemicals or agrochemicals, specifically for seeds, and genetically modified (GM) crop-seeds. Seed Treatments are an excellent example of how the seed industry and crop protection industry are innovating for the future of modern agriculture. The attribute of ability to formulate with the combination of two or more seed treatment chemicals, such as combination of two insecticide or combination of insecticide and fungicide, has led to an extensive use of insecticide in seed treatment.
According to the report Europe Seed Treatment Market, published by Market Data Forecast the Market was worth USD 1144 million in 2016 and estimated to be growing at a CAGR of 10.52%, to reach USD 1887 million by 2021. European nations, driven by the stringent legislations and regulations, lay more focus on the Bio-control agents for seed treatments.
France constitutes the largest market for chemical seed treatment in Europe. Corn/maize is the leading type of crop for chemical seed treatment applications in Europe.
Europe market is geographically divided into France, Germany, Italy, Spain and UK.
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The market for seed treatment gains in significance due to a number of factors, prominent among which are agronomic trends that comprise development of high quality seeds through the enhanced potential offered by genetically modified organisms (GMOs), changes in climatic conditions, increasing rates of crop rotation, flexibility in sowing approaches and greater pressure from regulatory requirements. However, an absence of centralized government regulations for treated seed and seed treatment active ingredient registration are expected to hamper the growth and demand for seed treatments.
The seed treatment market is segmented by crop type into Corn/Maize, Soybeans, Wheat, Rice, Canola, Cotton and Other products. Based upon application it is divided into Chemical Agents- Insecticides, Fungicides, other chemicals and Biological Agents.
On the basis of function, the market can be bifurcated into Crop Protection Chemicals and Seed Enhancement.
Syngenta, Bayer CropScience and BASF are the top three players in the seed treatment market. Monsanto, BioWorks Inc, Valent USA Corp, Adama agricultural solutions ltd, Advanced biological marketing inc, Brettyoung limited, Chemtura agrosolutions, Dupont, Germains seed technology, are the other major players in the market.
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