Key players identified in the seed treatment market include Bayer (Germany), Monsanto (US), Syngenta (Switzerland), BASF (Germany), Dow AgroSciences (US), DuPont (US), FMC (US), Sumitomo Chemical (Japan), Arysta LifeScience (US), Incotec (Netherlands), Nufarm (Australia), UPL (India), and Germains (UK), as these are well-established and financially stable players that have been operating in the industry for several years.
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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 increasing demand for integrated pest management practices to minimize pesticide usage, seed treatment products have been gaining preference for their beneficial characteristics such as ability to combat early-season diseases and pests and their effect on crop yield.
The objectives of the report
- Determining and projecting the size of the seed treatment market with respect to type, function, crop type, application technique, and region, over the period ranging from 2017 to 2022
- Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
- Analyzing the demand-side factors on the basis of the following:
- Impact of macro- and micro-economic factors on the market
- Shift in demand patterns across different subsegments and regions
The various contributors involved in the value chain of the seed treatment market include raw material suppliers, R&D institutes, seed treatment solutions manufacturing companies such as Bayer, Syngenta, BASF, Monsanto, and government bodies & regulatory associations such as the International Seed Federation (ISF), the American Seed Trade Association (ASTA), and the Pesticide Action Network (PAN).
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Asia Pacific is projected to be the fastest-growing region in the seed treatment market between 2017 and 2022. The Asia Pacific region has been experiencing significant demand for seed treatment due to the need to undertake efforts to minimize the environmental concerns associated with excessive pesticide use.
There has been a positive trend in the consumption of insecticide seed treatment in countries such as Australia, China, and other developing countries of the region.
Breakdown of the profile of primary participants is as follows:
- By Company Type: Tier I – 65 %, Tier II – 20%, and Tier III – 15%
- By Designation: C-level Executives – 29%,Directors – 21%, and Others – 50%
- By Region: Asia Pacific – 40%, Europe – 30%, North America– 10%, South America– 15%, and Middle East & Africa – 5%
On the basis of crop type, the oilseeds &pulses segment is projected to grow at the highest rate during the forecast period. The increasing cultivated areas under soybean, canola, and sunflower in North America, Asia Pacific, and Europe are projected to drive the application of seed treatment in these crops for their higher industrial value.
- This study estimates the global seed treatment market, in terms of value, till 2022, segmented on the basis of type, function, crop type, application technique, and region.
- It offers a detailed qualitative and quantitative analysis of this market with reference to the competitive landscape, and the preferred development strategies such as expansions, acquisitions, new product developments, and agreements to gain a larger share of the market.
- It provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and the key issues of the market.
- It covers various important aspects of the market. These include analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the seed treatment market.
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