DUBLIN, Feb. 26, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/3zhq75/north_american) has announced the addition of the "North American Non-Chemical Seed Treatment Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
The North America seed treatment market was worth around $127.4 million in 2015 and is expected to cross $203 million by 2020 growing at the CAGR of 9.8% during the forecast period 2015-2020.
The demand for crops has stimulated due to rise in the consumption of crops. Rise in the cost of seeds is one of the factor alluring the market. Increase in farm sizes along with crop rotations getting shorter are expected to drive the demand for seed treatment market. Canada and United States have been the growth engines that are driving the North American market.
Limited dose capacity along with limited shelf life are some of the constraints of the seed treatment market. Awareness on the impact of biological seed treatment created an opportunity for seed treatment market.
North America has been witnessing a sustained demand for seed treatment and is among the fastest growing global market after Asia Pacific over the coming half-a-decade. The North American market for seed treatment is projected to reach US$203 million by 2020. The United States constitutes the largest market for seed treatment in North America. During the forecast period fastest CAGR is anticipated to be recorded by demand for seed treatment in Mexico.
By application segment, biological seed treatment is estimated to be the fastest CAGR among the non-Chemical agents. Corn/maize is the leading type of crop for seed treatment applications in North America, estimated to account for 32.1% of the total demand in 2015. In terms of CAGR between 2015 and 2020, however, demand for seed treatment applications in canola is expected to be the fastest among all crop types at 9.7%.
Key Topics Covered:
1. Introduction
2. Key Findings of the Study
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information visit http://www.researchandmarkets.com/research/3zhq75/north_american
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Share this article