Seed Treatment Market: North America and South America Combined Together
Seed Treatment is the process of treating seeds with chemicals or organic substances before planting. This treatment is done both in agriculture and horticulture, in order to protect seeds from potential pathogens.
Hyderabad, India, February 26, 2016 (Newswire.com) - Market Drivers:
The Key Market Drivers for the Seed Treatment Market are:
The Seed Treatment Market consists of the crop protection chemicals or agrochemicals specific to the seeds.
· The growing demand for good quality seeds is a key market driver.
· Technological advances in the field of Seed Treatment such as developments in bio-farming techniques like genetic modification of seeds is driving the market.
·Increased awareness among people regarding the effects of the agrochemical residues in food has increased the demand for seed treatment.
· The increasing population in the Asia-Pacific region complemented with push from Safety Regulatory Agencies regarding the use of Agrochemicals is another driving factor for the Seed Treatment Market.
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Market Segmentation:
The Seed Treatment Market is classified into 3 primary categories; Type of Treatment, Type of Crop and Geographical Analysis. The different types of seed treatments are: with Chemical Agents (includes Insecticides, Fungicides and other chemical treatments), with Non-Chemical Agents (includes Traditional and Bio-Control) and others. Currently, the Insecticides segment accounts for over 50% of the Market Share and forms the largest segment of the Seed Treatment Market. The different Types of Crops that are treated are: Corn, Rice, Wheat and Soybean among others. The Seed Treatment Market is also classified based on Geography into 4 main regions: Americas, Asia-Pacific, Europe and Rest of the World. Americas, which includes North America and South America, have a major market share in this market.
Market Growth Statistics:
The Seed Treatment Market is poised to grow, owing to the increase in demand of good quality seeds and because of increased awareness of the ill effects of Agrochemical residue in crops. The market is predicted to cross 8$ Billion at a CAGR of 10.6% in the forecast period of 2015-2020 according to the market report by IndustryARC.
·Fungicides are the fastest growing segment in the Seed Treatment Market as it accounted for 49% of the demand in 2013 and is calculated to grow at a CAGR of 11.7% over the forecast period of 2015-2020.
·The Insecticide segment is also predicted to grow at a modest growth rate of 8.9% over the same period.
·In Asia-Pacific, insecticides account for approximately 50% of the total market share. The Americas region is predicted to still be the dominant Market Share holder in 2020.
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Key Market Players:
The Key Players in the Seed Treatment Market are:
·Monsanto Company
·E. I. du Pont de Nemours and Company
·Syngenta AG
·Vilmorin & Cie
·Bayer Science Corporation
The report on the Seed Treatment Market by IndustryARC provides a complete list of Key Players with their Product Portfolios, Financials and SWOT Analysis.
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