Global Wheat Seed Treatment Market - Industry Growth, Trends and Forecasts (2018 - 2023)
The global market for seed treatment in wheat is estimated at USD 1105.76 million in 2017 and further forecast to sustain a CAGR of 10.4% during the forecast period. Major wheat producing nations include China, India, Russia, USA, and France. Fungicide seed treatments can help in reducing losses caused by seed transmitted and soil borne fungal diseases of wheat. Major seed-transmitted fungal diseases of wheat include common bunt, also known as stinking smut, loose smut, black point, ergot and diseases caused by Fusarium. The increasing awareness of the benefits of seed treatments upon productivity, opening up of new and emerging markets in Asia-Pacific region and supportive governmental policies are driving the wheat seed treatment market.
Increasing Trade in Wheat Seed Driving the Market
Since the medieval times, the seed demand for the self-pollinated wheat crop was fulfilled by traditional methods wherein farmers saved one-quarter of their wheat harvest as seed for the next crop. The global average seed use falls around 6-8% of the total output. Highest increase in demand of wheat seed has been seen in Asia, increase is majorly due to increase in population. World trade for wheat seed has been rising, as higher exports from Russia, Argentina, and Canada more than offset reduced exports from the US. Projected imports have increased for Indonesia and several African countries while they have reduced for India, Iran, Brazil, and Mexico. Indonesia’s imports have also increased from 1.0 million metric ton to 12.5 million metric ton as a result of surge in both food and feed use. Indonesia is now the leading global wheat importer, surpassing Egypt, the traditional leader.
North America Dominating the Market
The region's seed treatment market in wheat is dominated by the United States, estimated to account for a share of more than half. However, in terms of fastest growth in demand for seed treatment in wheat, Mexico is likely to outpace other North American markets. Syngenta, Bayer Crop Science and BASF are the top three players in the North America seed treatment market, with all of them having an extensive portfolio of agricultural products and solutions related to wheat.
Major Players: ADAMA AGRICULTURAL SOLUTIONS LTD. (Israel), ADVANCED BIOLOGICAL MARKETING INC. (United States), BASF SE (Germany), BAYER CROPSCIENCE AG (Germany), BIOWORKS INC. (United States), and BRETTYOUNG LIMITED (Canada), among others.
Reasons to Purchase this Report
To have an understanding of the fastest growing regions in the global wheat seed treatment market and their growth trends during the forecast period
The report outlines drives, restraints and trends that are currently affecting the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The report covers in-detail insights about the competitors overview, company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players
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