DALLAS, July 29, 2015 /PRNewswire/ --
The report "Seed Treatment Market by Function (Crop Protection Chemicals, seed enhancement), Type (Chemical, Physical, Biological), Crop Type (corn, soybean, cotton, canola, others), & by Region - Global Trends & Forecast to 2020", The Seed Treatment Market is projected to reach USD 8.87 Billion by 2020, at a CAGR of 10.8%, as studied from 2015.
Browse 88 market data Tables and 88 Figures spread through 260 Pages and in-depth TOC on "Seed Treatment Market"
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The market report defines and segments the Seed Treatment Market with analyses and projections of the size of the market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, burning issues, and challenges. The market is segmented and the value is projected, on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). Key countries-the U.S., France, Russia, Germany Brazil, Japan, India, and China-are covered and their market is projected for the next five years. The market size is projected on the basis of function, crop type, and region. The market for seed treatment has a significant impact on crop production. In this report, the Seed Treatment Market is segmented on the basis of function, methods of treatment, crop type, and region, and is analyzed in terms of value (USD million).
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Crop protection chemical seed treatment: Largest market segment
The crop protection chemical seed treatment accounted for the largest share and was followed by the seed enhancement segment in 2014. All functions of seed treatment considered for this study are essential for crop growth, yield enhancement, and to kill a variety of pests. In the same year, North America accounted for the largest share of the crop protection chemical segment and Latin America contributed the second-largest share.
Seed Treatment Market, by crop type
The Seed Treatment Market consists of the following crops: corn, wheat, rice, soybean, cotton, canola, sunflower, and others that include fruits & vegetables, turf, ornamental & forage crop, and other cereals & oilseed crops. The demand for seed treatment in corn accounted for the largest share in 2014, and was followed by the soybean and wheat in the same year. For corn, North America was the largest market for seed treatment in 2014.
The demand for modern seed treatment products to support a better crop yield and quality has been increasing in the market. Multi-national corporations are investing in the research of seed treatment methods on a global scale, because it is one of the fastest growing markets in the agricultural industry. Existing companies are actively introducing new agricultural seed treatment products and methods with different functions to meet the expected yield.
Companies such as Syngenta AG (Switzerland), Bayer CropScience AG (Germany), BASF SE (Germany), Nufarm Ltd. (Australia), Sumitomo Chemical Co. Ltd. (Japan), and Platform Specialty Products Ltd. (U.S.) are the key players in the Seed Treatment Market. These companies use various strategies to make their products unique, pest- and crop-specific, and to increase agricultural production by minimizing crop loss.
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