Global Chemical Seed Treatment Market 2015 Estimated to Grow at a Compound Annual Growth Rate 6.9% by 2022
Global Chemical Seed Treatment Market 2015
Deerfield Beach, FL -- (SBWire) -- 08/19/2015 --Global Chemical Seed Treatment Market size is valued at $2.4 billion in 2014 and is expected to reach $4.1 billion by 2022 growing at a CAGR of 6.9% between 2014 and 2022.The growth of the market is due to rise in seed cost and change in climatic conditions.
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The drivers of the market are increase in farm sizes, greater pressure from regulatory requirements and usage of multi-component products. The restrains of the market are imbalance between cost and effectiveness, concern towards environment. The opportunities for the market are growth in biological seed treatment.
Chemical Seed Treatment Market is segmented by crop and by application. Depending on the various crops, market is segmented into Corn, Cotton, Rice, Wheat and Soybean. Based on application, the market is categorized as Fungicides and Insecticides. Chemical seed treatment market, by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to be the fastest growing market. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Chemical Seed Treatment Market include Adama Agricultural Solutions Ltd, Bayer CropScience AG, Chemtura AgroSolutions, DuPont, Germains Seed Technology, Monsanto Company, Plant Health Care, Precision Laboratories LLC, Syngenta International AG and Valent USA Corporation.
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