Global Seed Treatment Market 2016-2020
About Seed Treatment
Seed treatment involves the use of processes and products for effective integrated pest management (IPM). It is a sustainable agricultural practice as the use of these products and processes targets the diseases and pests with lower dosages of active ingredients per hectare. Farmers struggle in controlling certain early season soil-borne pests and seed-borne diseases when they do not use treated seeds and have to resort to less environment-friendly and more expensive methods.
Technavio’s analysts forecast the global seed treatment market to grow at a CAGR of 9.94% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global seed treatment market for 2016-2020. To calculate the market size, the report considers the revenue for the base year 2015.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Seed Treatment Market 2016-2020
Technavio recognizes the following companies as the key players in the global seed treatment market: BASF, Bayer, Monsanto, Nufarm, and Syngenta.
Other Prominent Vendors in the market are: Advanced Biological Marketing, Bioworks, Chemtura Agrosolutions, DuPont, Novozymes, Plant Health Care, Sumitomo Chemicals, and Wolf Trax.
Commenting on the report, an analyst from Technavio’s team said: “Advancement in the global seeds market will be a key trend for market growth. The robust growth in population in countries like China, India, Indonesia, and Brazil and the rising income levels have fueled the global demand for food and the per capita consumption of seeds. The increase in the demand for seeds and the limited availability of total arable land and frequent instances of crop losses have boosted the demand for seed treatments and hybrid seeds. The production and quality of seeds have increased with developments in seed technology and initiatives by the governments of different countries. Recent developments in the production of hybrid seeds in regions like North America and Europe also bode well for the growth of the market for seed treatment during the forecast period.”
According to the report, increasing demand for food will be a key driver for market growth. The demand for food products is constantly increasing with increase in the world's population. According to the predictions made by the UN Population Division in 2007, world population will reach 9.2 billion in 2050 from 6.7 billion in 2006. Every day, 200,000 individuals are added to the list of global food consumers. The population in India, China, and other Southeast Asian countries is most likely to grow at a higher rate during the forecast period. APAC is expected to account for 60% of the global population by 2050. Central America and Central and West Africa are also projected to witness high growth in population and hence the demand for food during the forecast period.
Further, the report states that low shelf life of treated seed will be a challenge for the market. The shelf lives of treated seeds are shorter than that of seeds grown naturally. Because of the short shelf life, the surplus amount produced may rot, reducing the producer's profits. Excess seeds also require proper disposal, which can be expensive as these seeds cannot be disposed of in nature. These limitations affect the revenue generated in the market.
BASF, Bayer, Monsanto, Nufarm, Syngenta, Advanced Biological Marketing, Bioworks, Chemtura Agrosolutions, DuPont, Novozymes, Plant Health Care, Sumitomo Chemicals, Wolf Trax.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook