Global Seed Treatment Market to Grow at a CAGR of 13.5% During 2011 – 2016 – ReportsnReports
DALLAS, January 16, 2012 /PRNewswire/ –
ReportsnReports adds new market research report ‘Seed Treatment Market Trends and
Global Forecasts (2011-2016)’ to its store. The global seed treatment market reached to
over $2250.0 million by the end of year 2010, and is expected to reach $3430.3 million by
2016, growing at a CAGR of 13.5% from 2011 to 2016. The North American market is expected
to hold 22% of the global market share by 2016, at an estimated CAGR of 16.4% due to
higher acceptance of GM seeds for soybean and maize/corn. Asia-Pacific is another fastest
growing segment due to the constant push by government bodies for adoption of seed
treatments with “100% seed treatment campaign”. The market share of Asia-Pacific is
expected to boost from $157.5 million in 2010 to $248.2 million by 2016, at an estimated
CAGR of 14.4% from 2011 to 2016.
This report says global seed treatment market is the fastest growing segment of crop
protection market. This growth is fueled by government encouragement for adoption of seed
treatment as crop protection practice. This growth is particularly higher in geographies
such as Latin America and Asia-Pacific due to increased acceptance of GM seed and farmers
awareness regarding maximum residue level.
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Rising GM seeds prices and cost effectiveness of seed treatments over other crop
protection methods are expected to drive the demand for seed treatment market in the near
future. However, absence of centralized government regulation for treated seed and seed
treatment active ingredient registration expected to hamper the global movement of seeds
and ultimately the demand for seed treatments in the next five years.
One of the critical success factors (CSFs) in the market is the ability of a market
participant to innovate complete protection solution against various biotic and abiotic
stresses in single product. This battle of manufacturing grower-friendly, crop-friendly,
and environment-friendly product innovation is going to be one of the key strategies
market players are following in seed treatment industry in the next five years.
Scope of the report
This seed treatment market research report categorizes the global market the basis of
type, by geography, crop trends, and forecasting revenue and analyzing trends in each of
the following submarkets:
- On the basis of Types: Chemical and non-chemical - On the basis of Applications: Insecticides, fungicides, bio-control, and other chemical seed treatments - On the basis of Crop Applications: Cereals and grains; oilseeds; and other crops - On the basis of Geography: North America, Europe, Asia-Pacific, Latin America, and ROW
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