Seed Treatment Market Trends and Global Forecasts (2011-2016)
This report estimates the market size of the global seed treatment market in terms of revenue. The market has been further segmented on the basis of crop types such ascereals and grains, oilseeds, and other crops as well as by sub-segmentation of insecticides, fungicides, and other chemical seed treatments such as plant growthregulators, micronutrients, etc. This segmentation is given for major regions and keycountries in those regions. Market drivers, restraints and challenges, and crop trends arediscussed in detail. Market share by participants for the overall market is discussed indetail in the report. We have also profiled leading players of this industry including BayerCropScience (Germany), BASF (Germany), Monsanto (U.S.), and Dow AgroSciences(U.S.).The global seed treatment market reached to over $2250.0 million by the end of year2010, 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 globalmarket share by 2016, at an estimated CAGR of 16.4% due to higher acceptance of GMseeds 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% se
treatment campaign”. The market share of Asia
-Pacific is expected to boost from $157.5million in 2010 to $248.2 million by 2016, at an estimated CAGR of 14.4% from 2011 to2016.Seed treatment is the fastest growing segment in crop protection market. Seed treatmentsare further classified as insecticides (chemical), fungicides (chemical), bio-control seedtreatments (non-chemical), and other seed treatment chemicals.
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Seed treatments are basically segmented further as chemical and non-chemical seedtreatments. Bio-based seed treatments - a part of non-chemical seed treatments - are
made up of renewable resources and contain natural active ingredients. These seedtreatments do not have any negative impact on the environment, workers, and consumerssafety comparing to chemical seed treatments and are expected to be one of the fastestgrowing seed treatment segments in the near future.Chemical seed treatments, which are typically manufactured from petrochemical orinorganic raw materials, are further segmented as insecticides, fungicides, and otherchemical seed treatments. Globally, the market is dominated by chemical insecticides,accounting for over 52% of the total seed treatment demand in 2010. The global fungicideseed treatments market is expected to reach $1,247.3 million by 2016, growing at a CAGRof 15.2%. The global insecticides seed treatment market is projected to reach $1,591.1million by 2016, growing at a CAGR of 11.4%Rising GM seeds prices and cost effectiveness of seed treatments over other cropprotection methods are expected to drive the demand for seed treatment market in thenear future. However, absence of centralized government regulation for treated seed andseed treatment active ingredient registration expected to hamper the global movement of seeds and ultimately the demand for seed treatments in the next five years.