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Seed Treatment Market by Type, Application Technique, Region - 2022
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MarketsandMarkets Presents Seed Treatment Market - Analysis, Trends and Forecasts
The report "Seed Treatment Market by Type, Application Technique (Coating, Dressing, Pelleting), Function (Seed Protection (Insecticides, Fungicides) and Seed Enhancement), Crop Type (Cereals & Grains, Oilseeds & Pulses), and Region - Global Forecast to 2022", The seed treatment market is projected to grow at a CAGR of 10.82% from an estimated value of USD 6.76 Billion in 2017 to reach USD 11.31 Billion by 2022 The American region accounted for the highest adoption of seed treatment in 2016, majorly contributed by countries such as the US, Brazil, and Canada. The high adoption of insecticide seed treatment for corn, soybeans, and canola in these countries are the major reasons for their dominance in the market. Asia Pacific is projected to be the fastest-growing market for seed treatment in agricultural applications from 2017 to 2022. The significant growth in adoption of biologicals strengthened the market potential for local manufacturers to develop better and more efficient products such as biostimulants and biofertilizers. Make an inquiry about this report@ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=503
On the basis of type, the chemical seed treatment segment is estimated to account for a larger share of the market in 2017, due to the increasing demand for insecticides especially neonicotinoids and fungicides for seed treatment solutions. On the basis of crop type, the oilseeds & pulses segment is projected to grow at the highest CAGR during the forecast period. This can be attributed to the growth in demand for oilseeds such as canola, soybean, and sunflower across the globe in the fuel and feed industries owing to which highly efficient agricultural inputs are being sought by farmers. Also, due to the high prices of GM cotton, farmers are inclining towards the adoption of treated cotton seeds in Asia Pacific countries to avoid crop failure due to fungal diseases and manage their investment risks. On the basis of function, the seed protection segment accounted for the largest market share in 2016, due to the increased demand for efficient crop protection pesticides among farmers for their effective results and limited crop losses from pest attacks. However, there is an increasing awareness of the toxic effects associated with chemical pesticides, owing to which manufacturers are developing biopesticides for seed treatment purposes.
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