DUBLIN, June 12, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/dcmkrl/united_kingdom) has announced the addition of the "United Kingdom Non-Chemical Seed Treatment Market - Growth, Trends and Forecasts (2014-2020)" report to their offering.
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The United Kingdom Non-Chemical seed treatment market was worth around $5.5 million in 2015 and is expected to cross $8.6 million by 2020 growing at the CAGR of 9.3% during the forecast period 2015-2020.
The regulatory uncertainty of the product approvals and doubts regarding their efficacy and environmental concerns arising from the usage of chemical products has hampered the growth of these products across the world. The organic methods of farming and GM crops are seen as threat to the seed treatment market. Also with growing demand for biological treatment are seen as threat to chemical seed treatment.
Demand for hybrid seeds is also on the rise, more in Europe, since they lend themselves better to seed treatment methods. This creates greater opportunity for either including or offering seed treatment as an effective option for controlling pathogens and pests.
Within this application category, Physical methods constitute the largest sub-category of Non-chemical seed treatment demand. However, Biological seed treatments are slated to witness the fastest CAGR during 2015-2020 in reaching a projected demand by 2020.
Corn/maize is the leading type of crop for Non-chemical seed treatment applications in United Kingdom, estimated to account for 31.9% of the total demand in 2015. In terms of CAGR between 2015 and 2020, however, demand for seed treatment applications in soybean is expected to be the fastest among all crop types at 8.8%.
Some of the key companies in the market are BASF, DuPont, Monsanto, Syngenta, Bayer and Others. The most preferred strategies of the key players in recent years is to achieve competitive advantage and to expand the business units in various geographical areas by joint ventures, expansion and acquisition. The key payers are eventually focusing on agreements and partnerships to balance the supply and demand of the market. Introducing new effective products is another strategy to stay ahead of the competition.
- Adama Agricultural Solutions Ltd (Formerly Makhteshim Agan Industries Ltd) (Israel)
- Advanced Biological Marketing Inc (United States)
- Basf Se (Germany)
- Bayer Cropscience Ag (Germany)
- Brettyoung Limited (Canada)
- Chemtura Agrosolutions (United States)
- Dupont (United States)
- Germains Seed Technology (United Kingdom)
- Incotec Group Bv (The Netherlands)
- Verdesian Life Sciences
- Monsanto Company (United States)
- Novozymes A/S (Denmark)
- Nufarm Ltd (Australia)
- Plant Health Care (United Kingdom)
- Syngenta International Ag (Switzerland)
For more information visit http://www.researchandmarkets.com/research/dcmkrl/united_kingdom
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SOURCE Research and Markets