Albany, NY -- (SBWIRE) -- 12/31/2018 -- A recent report by ResearchMoz.us, titled, "Seed Treatment Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026," furnishes crucial information on the market. In order to do so, the report examines the factors that are driving or deterring the growth of the global seed treatment chemicals market. The report also segments the market based on different parameters to understand which one's hold out maximum prospect going forward. Further, the report presents thorough information on the competitive dynamics in the market.
The report observes that the pressing need to increase crop production is mainly fuelling the global seed treatment chemicals market. As the world population continues to rise, demand for food continues to increase as well. But with limited agricultural land owing to fast pace of urbanization, optimal production has become a challenge. To overcome the issue, on-seed protection is being widely adopted. It entails coatings seeds with fungicides and pesticides to thwart diseases of seedlings and seeds.
The global seed treatment chemicals market is seeing rising sales mainly because of the three benefits of the process. First, seed treatment chemicals can control soil-borne fungal disease causing organisms or pathogens. Those can result in rotting, seedling blight, or damp. Second, they can control internal seed borne pathogens and fungal pathogens which are surface-borne.
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Having thrown light on the various trends, the report bifurcates the global seed treatment chemicals market by type. The two types are pesticide seed treatment chemicals and biostimulant seed treatment chemicals. It projects the biostimulant seed treatment chemicals to contribute considerably to the seed treatment chemicals market in the years to come. This is because they steal a march over pesticide foliar sprays based on neonicotinoids. The latter has already been outlawed in many EU nations. Besides, biostimulant seed treatment chemicals also have also have several benefits. They can boost crop growth and quality. They can stimulate water absorption in crops and improve soil fertility too.
Depending upon function, the global seed treatment chemicals market has been divided into seed enhancement and seed protection. Again based on application, the market has been classified into oilseeds and pulses, cereals and grains, and fruits and vegetables. Seed treatment chemicals also find usage in nursery, turf, and ornamental plants seeds.
With respect to geography, North America contributes the most to the global seed treatment chemicals market. The region is mainly powered by the U.S. This is because of the presence of many key manufacturers and processors in the region. This makes the U.S. the top producer and exporter in the global seed treatment chemicals market. The nation is also one of the main demand drivers in the market. This is because of the high production of wheat, soybean, and corn.
Some of the prominent companies operating in the global seed treatment chemicals market are Bayer AG, BASF SE, FMC Corporation, DowDuPont, and Germains Seed Technology. They are seen banking upon strategic collaborations and acquisitions of local seed treatment chemical manufacturers to bolster their positions.
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