Global Seed Treatment Market To Reach Around USD 9.50 Billion by 2020

Deerfield Beach, FL -- (SBWire) -- 08/31/2017 --Zion Market Research has published a new report titled "Seed Treatment Market by Function (Crop Protection Chemicals, and Seed Enhancement), By Type (Chemical, Physical, and Biological), and By Crop Type (Corn, Soybean, Cotton, Canola, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020." According to the report, the global seed treatment market was valued at USD 4.50 billion in 2014 and is expected to reach USD 9.50 billion in 2020, growing at a CAGR of above 9% between 2015 and 2020.

Seed treatment is a process of seed dressing with some chemicals, generally antimicrobial or fungal. Typically seed treatment involves seed dressing, seed coating and seed pelleting. However, seed dressing is a most common method of seed treatment. Seed treatment is carried out before plantation. Seed treatment helps to improve crop yield. Contemporary seed treatment products provide effective control over target pests and diseases and make sure the establishment of healthy and vigorous plants. Seed treatment has been proved very beneficial for growers and thus, used on large scale in agriculture and horticulture.

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Strong growth in population across the world has resulted in increased demand for food. Shrinking arable land and lower crop yield due to pests have resulted into increasing demand for seed treatment. Inflation in prices of fertilizers and pesticides has fueled the growth of seed treatment market. Rising awareness among the growers regarding benefits of using treated seed is also expected to further propel the growth of seed treatment industry. However, stringent regulatory policies in developed and developing nations are expected to hold back the growth of seed treatment market to some extent during the forecast period.

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The global seed treatment market is segmented on the basis of function as crop protection chemicals and seed enhancement. Crop protection chemicals segment dominated the global seed treatment market and accounted for over 50% share of the entire market in 2014. Crop protection chemicals segment is also expected to keep its dominance during the forecast period. Chemical, physical and biological are the major types of the seed treatment market. Chemical segment held the leading position and accounted for over 50% share of the total market in the year 2014. Biological was the second largest segment owing to the frequent demand for organic treatment in farming sector that helps to get high yield. The biological segment is expected to exhibit robust growth in the years to come.

On the basis of crop type, the global seed treatment market has been segmented as corn, soybean, cotton, canola, and others. Corn was the principal crop that accounted for more than a quarter share of the entire market in 2014. Corn is the major ingredient that counts for production of biofuels, starch, and starch products. Hence, growing demand for corn is expected to fuel the growth of this market. Corn was followed by soybean and wheat. Canola is projected to exhibit the rapid growth during the forecast period.

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North America was the leading regional market seed treatment industry owing to strong demand from U.S. North America was followed by Latin America with second largest market share in global seed treatment market in 2014. Brazil has been remained major growth driver for seed treatment market in the region. Asia Pacific is expected to grow at a rapid pace owing strong demand from China and India. Shrinking arable land and declining crop yield in the region coupled with immensely growing demand for food grains is likely to drive seed treatment market in the region.

Some of the key participants in global seed treatment market includes Syngenta, Bayer CropScience AG, Monsanto, BASF SE, Chemtura, Nufarm, DuPont, Becker Underwood, Wolf Trax Incorporation, Plant Health Care, Valent U.S.A. Corporation, Precision Laboratories Incorporation, Sumitomo Chemical Company Limited, Novozymes A/S, Advanced Biological Marketing, Morflora, ASTEC Global, Incotec Group BV, Cibus Global, Germains Seed Technology, Ceres Inc. and Brettyoung Limited.

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