The seed treatment market was $3.78 Billion in 2016; and is estimated to reach $6.49 Billion at a CAGR of 9.43% by 2022
Insecticides lead the market in 2016 under crop protection chemicals and are expected to have the highest growth rate during the forecast period.
North America leads the global seed treatment market in 2016 followed by Latin America. US is the major supplier of seed treatment chemicals. Factors like increasing population across regions and thus food requirements rise in fertilizers and pesticides costs over years and relatively easier residue management are driving the seed treatment market globally. Other factors like increase agriculture quality, increasing awareness among farmers, increasing costs of conventional methods are also driving the market.
Trends in seed treatment market over the past decade include starter nutrients, plant growth regulators, chemical and biological nematicides, and moisture-absorbing polymers. Major companies are setting up R&D centers, business units in each region to bring in innovative products. Though government regulations play a critical role in authorizing the new products, companies are focusing on bringing in innovative products so as to capture the market share.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
Stringent Government regulations
6. Seed Treatment Market Segmentation, Forecasts and Trends - by Revenue