Global Canola Seed Treatment Market - Growth, Trends, and Forecast (2018 - 2023)
The canola seed treatment market was estimated at USD 142.5 million in the year 2017 and is expected to register a robust CAGR of 9.5% during the forecast period. Flea beetles and seedling diseases are the major threats to canola crop establishment. Certified canola seed typically comes pretreated with a combination of active ingredients that can provide this protection.
Ban on Neonicotinoid Insecticides Changing the Shape of the Market
The major producers of canola from the advanced economies like EU, US, and Canada relay on seed treatments of oilseed rape in order to protect the crops from pests like flea beetles. It is calculated that yield losses occurs due to flea beetles infestation alone is about 8% to 10%. However, the neonicotinoid insecticide seed treatments which are mostly applied to the canola seeds are considered to be negatively impacting the bees, including honey bees and bumble bees, which thereby impacting on the bee colonies which further fears to have negative impacts on natural pollination.
There are strict regulations regarding the use of neonicotinoid insecticide seed treatments especially in EU, which are in turn acting as a major restriction for higher penetration of neonicotinoid insecticide seed treatments for oilseed rape crop.
Seed Treatment Upgrades: The New Seed Treatment Strategy
Companies which provide seed treatment for canola are coming up with upgrades to the insecticide products which already exist in the market. This strategy leads to the fulfilment of two purposes: the company has to spend a lesser amount on the research and development of new products and the new upgraded versions also fulfil varied requirements. The major players including Bayer CropScience, DuPont, and Syngenta are actively involved in product developments and have canola seed treatment products in their seed treatment products portfolio. Visivio, a new insecticide introduced by Syngenta in 2016 is an add-on which can be added with the base insecticide product and this results in a much better canola crop.
Major Players: ADAMA AGRICULTURAL SOLUTIONS LTD., ADVANCED BIOLOGICAL MARKETING INC., BASF SE, BAYER CROPSCIENCE AG, BIOWORKS INC., BRETTYOUNG LIMITED, CHEMTURA AGROSOLUTIONS, GERMAINS SEED TECHNOLOGY, INCOTEC GROUP BV, VERDESIAN LIFE SCIENCES, MONSANTO COMPANY, NOVOZYMES A/S, NUFARM LTD., PLANT HEALTH CARE, PRECISION LABORATORIES LLC, SYNGENTA INTERNATIONAL AG, AND VALENT USA CORPORATION, INC., among others.
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