Global Seed Treatment Market (Insecticides, Fungicides, Other Chemical and Nonchemical Treatment) Will Reach USD 4.45 Billion in 2018 – Transparency Market Research
Transparency Market Research published new "Global Seed Treatment Market (Insecticides, Fungicides, Other Chemical and Nonchemical Treatment) for Corn, Soybean, Wheat, Canola, Cotton and Others – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018" market research report to its report store. Browse the report with Request TOC; visit http://www.transparencymarketresearch.com/seed-treatment-market.html.
Albany, New York, USA (PRWEB) October 30, 2013
The global seed treatment market was valued at USD 2.43 billion in 2011 and is expected to reach USD 4.45 billion by 2018, growing at a CAGR of 9.2% from 2012 to 2018.
The global demand of seed treatment has been primarily driven by the growth of the commercial seeds (conventional and bio-seeds) market. Increasing global farming and reduction in arable land has generated the need for high yield productivity, further boosting the market for seed treatment. Increasing input cost of seeds and technological developments in agriculture are also expected to drive the demand for seed treatment. However, environmental concerns regarding the toxicity of chemicals used in insecticides, fungicides and other chemical treatments are expected to inhibit the market growth.
Browse the full report with complete TOC at http://www.transparencymarketresearch.com/seed-treatment-market.html.
Insecticides dominated the seed treatment market and accounted for 52.5% of the total market revenue in 2011. Insecticides were followed by fungicides which accounted for 34.9% of the total market in 2011. Nonchemical treatment, which is generally done using biological agents, is expected to be the fastest growing treatment, at an estimated CAGR of 9.9% from 2012 to 2018.
Seed treatment refers to application of chemical or biological active ingredients to the seeds, which is done before seed packaging. Seeds are coated with fungicides, insecticides or with a combination of these to disinfect them from soil borne pathogenic organisms and storage insects. Seed treatment method is more effective and cost efficient than spraying of pesticides directly on plants, as the quantity required is less and hence leads to reduction in the amount of active substances required per acre of land. Few insecticides also help in increasing the stress tolerance of the plant, protecting it from heat and drought.
Pesticides are generally classified into insecticides, fungicides and herbicides. Pesticides are composed of active ingredients that help to repel or kill pests and are added in different concentrations as per the requirement. These active ingredients can be used together or alone for killing or repelling crop insects and other pathogenic insects. Few active ingredients are used on broad spectrum bases while some of them are used specifically to target certain insects.
The global seed market has been experiencing rapid development in recent years, owing to growing population and technological development. On the other hand, the environmental hazards of chemicals used in pesticides and growing restrictions on use of pesticides may hamper the growth of the seed treatment market.
Growing focus of the seed industry on crop protection is leading to development of different seed treatment methods. The growing seed market is the key driver for seed treatment. In addition, higher prices of seeds and technological development in seed treatment methods are also leading to significant growth in demand for seed treatment.
Related Report : Organic Food and Organic Beverages Market
This report analyzes estimates and forecasts the global market of seed treatment in terms of revenue and also analyzes major driving and restraining factors for the market. In addition, the study includes opportunities for the seed treatment market in the near future. The study includes analysis of global demand for seed treatment in terms of revenue from 2011 to 2018.
The study further segments the market on the basis of treatment type and crop type and analyzes the demand for each segment from 2011 to 2018. The report also includes analysis and estimates of seed treatment demand for the main geographical regions backed by analysis for major countries.
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/10/prweb11279338.htm