Japanese Chemical Seed Treatment Market – Growth, Trends and Forecasts (2015-2020)
Seed treatment can be defined as the application of chemical ingredients or biological organisms to the seed that enables in suppressing, controlling or repelling plant pathogens, insects, or other pests that attack seeds, seedlings or plants. The JapanChemicalseed treatment market was worth around $32.2 million in 2015 and is expected to cross $45.8 million by 2020 growing at the CAGR of 7.3% during the forecast period 2015-2020.
The growth in seed treatment industry is largely fuelled by increasing farm sizes and rising concerns over its quality and safety due to harmful effects of chemicals to environment. Thus, some major drivers of the seed treatment industry are rise in the seed costs, crop rotations getting shorter and greater use of multi-component products. The poor farmers in Japan are adopting organic techniques which have a lower environment impact which is driving the market.
Major restraints identified in this report are regulatory structure intervention regarding entry, concerns for the environment and regulation of seed treatment market. Major opportunities are fastest growth rate for biological agents and Japan has a fastest growth rate in seed treatment market.
Japanmarket holds 10% of the Asia-Pacific market revenue by 2020. The Japan market is expected to have a high CAGR of 7.4% due to increasing demand for high yield crop products in the region and rising organic crop production, especially in China, India, Malaysia, Japan and Singapore.
Within this application category, insecticides constitute the largest sub-category, with an estimated 2015 share of 53.8% of chemical seed treatment demand. However, fungicide seed treatments are slated to witness the fastest CAGR of 7.7% during 2015-2020 in reaching a projected demand of US$17.1 million by 2020.
By application segment, Japan’s utilization of chemical seed treatment chemical agents is forecast to exhibit the fastest 2015-2020 CAGR of 7.3%, thereby reaching a projected US$45.8 million by 2020 from an estimated US$32.2 million in 2015. However, growth in demand for non-chemical agents is likely to outpace chemical agents by posting a 2015-2020 compounded annual rate of 8.3% to emerge as the fastest segment.
Similar to rice, soybeans have constituted a staple of Japanese food culture since ancient times. Typically, the demand from the Japanese soy industry is for a product of superior quality that has high content of protein and sucrose. Japanese manufactures utilize a variety of different soy species that are intended for multiple end uses. Tofu (soybean curd), is the most common end use for soy in Japan, accounting for 58 percent of total food soybean use.Rice is the leading type of crop for seed treatment applications in Japan, estimated to account for 36.3% of the total demand in 2015. In terms of CAGR between 2015 and 2020, however, demand for seed treatment applications in canola is expected to be the fastest crop among all crop types at 8%, Asia remains the hub of rice production, with many countries in the region growing more than one crop per season.
Some of the key companies in the market are Adama, Novozymes, Chemtura, Syngenta and Others. The key players are focusing to expand their business in Asia regions. The leading players in this market adopted various strategies to strengthen the market opportunities and increase their market shares. Acquisitions, agreements & joint ventures are the major strategies adopted by major players.
In this report we offer,
Market analysis for the Japanese Chemical Seed Treatment Market , with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Japanese Chemical Seed Treatment Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped