The Global Seed Treatment Market is expected to reach
USD 5.61 billion by 2020, according to a new study by Grand View Research, Inc.
Seed treatment demand is expected to increase due to growing need for
protection of high cost seeds in the market. Additionally, effective control
over seed or soil borne diseases and infections due to seed treatments will
also boost the overall market. Technological development with regards to seed
treatment across the crop life cycle is expected to augment the growth of the
market.
Insecticide treatment was the largest segment
accounting for USD 1.57 billion of revenue in 2013. Cost effectiveness and ease
of use are key factors for increasing popularity of insecticide treatment in
the seed treatment market. Non chemical seed treatment is expected to grow at a
CAGR of 10.3% from 2014 to 2020, due to consumer awareness regarding non
chemical products benefits to environment and human health.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/seed-treatment-market
Further
key findings from the study suggest:
- Global seed treatment market revenue was USD 2.98 billion in 2013 and is expected to reach USD 5.61 billion by 2020, growing at a CAGR of 9.6% from 2014 to 2020.
- Corn/Maize is the largest crop type subjected to seed treatment generating revenue of USD 1.03 billion in 2013 due to high vulnerability of crop to insects/ pests.
- North America was the largest regional market for seed treatment with revenue exceeding USD 1.26 billion in 2013. Growing demand for crops such as corn and soybean for production of biofuels coupled with technological advancement in seed treatment is expected to give the region an edge in the market over the forecast period.
- Non chemical treatment is expected to witness fastest growth at an estimated CAGR of 10.3% from 2014 to 2020. The increasing awareness regarding hazards of other seed treatment forms to human health and surrounding environment is expected to drive demand for the segment.
- The global seed treatment market is highly consolidated with the top four companies accounting for over 80% of the market in 2013. Key Companies in the market include Syngenta, Monsanto, BASF, Bayer CropScience, Chemtura, Nufarm and DuPont.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
For the purpose of this study, Grand View Research
has segmented the global seed treatment market on the basis of treatment type,
crop type and region:
Seed Treatment
Type Outlook (Revenue, USD Million, 2012 - 2020)
• Insecticides
•
Fungicides
•
Chemical
•
Non chemical
Seed Treatment
Crop Outlook (Revenue, USD Million, 2012 - 2020)
•
Corn/Maize
•
Soybean
•
Wheat
•
Canola
• Cotton
•
Others
Seed Treatment
Regional Outlook (Revenue, USD Million, 2012 - 2020)
•
North America
•
Europe
•
Latin America
•
Asia Pacific
•
RoW
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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