DUBLIN, July 23, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Seed Treatment Market by Type, by Application and by Crop - Global Trends, Forecasts and Technical Insights up to 2019" report to their offering.
This report provides a comprehensive outlook on the global seed treatment market with respect to various regions, product types, and applications.
In terms of value, the market is estimated to be worth $2,798.0 million in 2014 and is projected to reach $4,635.4 million by 2019, growing at a CAGR of 10.6% from 2014 to 2019. Growth in terms of value is estimated to be higher than that in terms of volume, owing to the increasing cost of agrochemicals. Development and registration of a pesticide active ingredient is one of the biggest components of cost for seed treatment manufacturers.
North America and Latin America were the leading consumers of seed treatments, collectively accounting for over 75.2% of the market until 2013. Constant regulatory push towards restricting the use of agrochemicals and increasing consumer awareness regarding the consequences of agrochemicals residues in food have resulted in a significant increase in demand for seed treatments in other regions as well.
Asia-Pacific, which has witnessed a steady demand for these seed treatments in the recent years, is now one of the growing markets for seed treatment. Increasing modernization of agriculture in India and China is projected to drive the Asia-Pacific market in the near future.
Among all seed treatment applications, seed treatment insecticides (chemical) form the largest segment and are estimated to account for over 50.0%share of the global seed treatment market in 2013. Seed treatment fungicides (chemical) are estimated to form the second-largest segment of the global seed treatment market with 34.2% share in 2013.
In terms of competition, the market is dominated by innovators, which are essentially companies with patented products in the market. Key innovators include Bayer CropScience AG (Germany), Syngenta AG (Switzerland), BASF SE (Germany) and Nufarm Company (Australia). Also, there are companies that focus on bio-control seed treatment products, which are products with natural active ingredient. Key participants in the bio-control segment include Plant Health Care Inc. (U.S.) and Becker Underwood (U.S.).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Seed Treatment Market, By Type
6 Seed Treatment Market, By Target Protection
7 Seed Treatment Market, By Target Crop (Page No. - 205)
8 Seed Treatment Technologies: the Future Prospective
9 Seed Treatment Market, By Geography
10 Competitive Landscape
11 Company Profiles
- Advanced Biological Marketing
- BASF SE
- Bayer Cropscience Ag
- Chemtura Corporation
- E.I. Du Pont De Nemours and Company
- Novozymes A/S
- Nufarm Limited
- Sumitomo Chemical Company Limited
For more information visit http://www.researchandmarkets.com/research/9hgs57/seed_treatment
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SOURCE Research and Markets