San
Francisco, 29 April , Seed Treatment
Market Size, Share & Trends Analysis Report By Type (Insecticides,
Fungicides, Nonchemical), By Crop Type (Maize, Soybean, Wheat, Canola, Cotton),
By Region, And Segment Forecasts, 2012 - 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.
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.
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.
Access Full Research
Report On Seed Treatment Market Analysis:
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.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global seed treatment market on the basis of type, crop type, and region:
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
Seed Treatment Regional Outlook
(Revenue, USD Million, 2012 - 2020)
·
North America
o
U.S.
o
Canada
·
Europe
o
France
o
Russia
o
Germany
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Argentina
·
RoW
o
South Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-seed-treatment-market
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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