LONDON, Feb. 15, 2018 (GLOBE NEWSWIRE) -- The global seed treatment market will grow at a CAGR of 8.7% during the forecast period to reach USD 4,566.1 million by 2022, primarily driven by “its low cost, rising need to increase crop yield and quality, wide range of benefits of seed treatment, growing reduction of arable land, and reduced risk of exceeding minimal residue level, Meticulous Research™ noted in a press release today.
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The report also notes that, chemical seed treatment commanded the largest share in 2017, owing to “its increasing usage in developing countries, easy availability, higher efficiency, and low cost compared to biologicals”.
Geographically, North America accounted for the major share of this market in 2017, mainly due to “its large arable land, increasing demand for crop yield & efficiency, and growing adoption of high price GM seeds”. However, Asia Pacific region is slated to register the fastest growth during the forecast period, primarily due to “its large area under agriculture cultivation and growing population in the region which increases the use of various crop protection chemicals for enhancing crop yield”.
The key players operating in this market are Bayer CropScience AG, BASF SE, Syngenta (Subsidiary of ChemChina), FMC corporation, Monsanto Company (Part of Bayer), E.I. du Pont de Nemours and Company, Nufarm Limited, The Dow Chemical Company, Sumitomo Chemical Co., Ltd, Arysta LifeScience Corporation (Platform Specialty Products), ADAMA Agricultural Solutions Ltd, UPL Limited, Croda International Plc, and Tagros Chemicals India Ltd.
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Scope of the Report
Market by Type
- Chemical
- Insecticide
- Fungicide
- Others
- Biological
Market by Formulation
- Liquid
- Dry
Market by Application Technique
- Coating
- Dressing
- Pelleting
Market by Crop Type
- Cereals & Grains
- Corn
- Wheat
- Other Cereals
- Oilseeds
- Soybean
- Cotton
- Canola
- Other Crops
Market by Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Rest of World
- Latin America
- Brazil
- Argentina
- Rest of LATAM
- Middle East & Africa
- Latin America
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Contact Info:
Viren Shrivastava
Email: viren@meticulousresearch.com
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)