Seed Treatment Market Analysis By Treatment Type (Insecticides, Fungicides, Chemical, Non-Chemical), By Crop (Corn, Soybean, Wheat, Canola, Cotton) And Segment Forecasts To 2020

Published: June 2015 | Report Code: 978-1-68038-167-2 | Report Format: Electronic (PDF)

Industry Insights

Global seed treatment market was worth USD 2.98 billion in 2013. The global market is poised for growth owing to the growing research & development initiatives to improve the seeds potential of genetic yielding. This enhancement of the seeds potential leads to an increase in its overall productivity.

The seed treatment market consists of several kinds of insecticides and fungicides. These are utilized to protect seeds against harmful fungus, viruses, and bacteria while they are in their development and growth phase.

As the quality of seed treatment solutions is improved, the resource wastage is reduced. As a result, it is projected to fuel the global demand for seed treatment over the forecast period. Additionally, the seed treatments solutions provide control over soil and seed-borne infections and diseases.

Some of these treatments offer prevention from the spread of infections and resistance from pathogens. This is anticipated to enhance the global seed treatment market demand. The growing population along with several initiatives by the regulatory agencies which satisfy minimum requirements of food is estimated to improve the procedures for refining crop yields.

Registration of the products and its formulations puts away a lot of time, which consequently generates enormous costs for the manufacturers. This is expected to create a major hindrance to the growth of the global seed treatment market over the forecast period. In addition to it, rigid protocols by the government about the registration and usage of ingredients is also projected to impact negatively the overall market demand.

The short serviceable life of the products along with the issues regarding product standardization obstructs the growth of the market. It also affects the conventional approaches bringing in inclination above them.

North America seed treatment market revenue by crop type, 2012-2020, (USD Million)

North America seed treatment market

Crop Type Insights

Corn/maize held the largest share of over 30% of the overall market revenue. The high market share of maize was contributed due to the increasing corn demand for producing bio-fuels. Corn has also been the vital ingredient used for producing starch and products based on starch. This, in turn, gave rise to the majority of the stake in starch and modified starch industry.

Canola is anticipated to witness the maximum growth, at a projected CAGR of 10.3%, from 2014 to 2020. Canola seeds possess a high content of oil, which leads to an increasing demand thereby accounting for the healthy growth rate over the forecast period. Furthermore, one of the major factors contributing to the high growth rate of canola includes its top application in manufacturing biofuels.

Treatment Type Insights

In 2013, treatment using insecticides held the dominant share of the market of more than 50% of the global seed treatment market. The extensive use of insecticides for offering efficient seed protection against diseases and pests which include rot, aphid, fungi, and bacteria. Simple execution practices and being economic are few factors which may further fuel the insecticides demand over the next six years.

Nonchemical treatment type is anticipated to be the fastest growing segment, with an expected CAGR of 10.3%, of the global seed treatment market. Organic farming techniques have become increasingly popular giving rise to an increased demand for non-toxic treatment type. Moreover, growing concern regarding the environment is further expected to benefit the market growth.

Regional Insights

North America emerged as the regional leader, accounting for more than 40% of the overall market. North American market witnessed a growing demand for enhanced seed quality and genetic modification of the seeds along with its treatment. This gave rise to its huge share of the market.

Asia Pacific is proposed to be the most rapidly growing region, with a forecasted CAGR of 10.6%, from 2014 to 2020 on account of the development in agricultural industry and increasing awareness among the consumers. There have been massive developments in the technology and increased investments in the research & development activities. This is likely to enhance the crop quality boosting the market demand over the next six years.

Competitive Insights

The global seed treatment market is consolidated in nature. The top four companies held over 80% of the overall market share. The industry is categorized by the prominent manufacturers concentrating on improving its product quality, increasing R&D, and registering patents. The improved disinfectant properties led to an enriched seed growth, thereby stimulating the ongoing research activities.

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