ReportsnReports: Seed Treatment Market Trends and Global Forecasts (2011-2016)
18-Jan-2012 | News-Press Release
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 as cereals and grains, oilseeds, and other crops as well as by sub-segmentation of insecticides, fungicides, and other chemical seed treatments such as plant growth regulators, micronutrients, etc. This segmentation is given for major regions and key countries in those regions. Market drivers, restraints and challenges, and crop trends are discussed in detail. Market share by participants for the overall market is discussed in detail in the report. We have also profiled leading players of this industry including Bayer CropScience (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 year 2010, 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 global market share by 2016, at an estimated CAGR of 16.4% due to higher acceptance of GM seeds 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% seed treatment campaign”. The market share of Asia-Pacific is expected to boost from $157.5 million in 2010 to $248.2 million by 2016, at an estimated CAGR of 14.4% from 2011 to 2016.
Seed treatment is the fastest growing segment in crop protection market. Seed treatments are further classified as insecticides (chemical), fungicides (chemical), bio-control seed treatments (non-chemical), and other seed treatment chemicals.
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Seed treatments are basically segmented further as chemical and non-chemical seed treatments. Bio-based seed treatments – a part of non-chemical seed treatments – are made up of renewable resources and contain natural active ingredients. These seed treatments do not have any negative impact on the environment, workers, and consumers safety comparing to chemical seed treatments and are expected to be one of the fastest growing seed treatment segments in the near future.
Chemical seed treatments, which are typically manufactured from petrochemical or inorganic raw materials, are further segmented as insecticides, fungicides, and other chemical seed treatments. Globally, the market is dominated by chemical insecticides, accounting for over 52% of the total seed treatment demand in 2010. The global fungicide seed treatments market is expected to reach $1,247.3 million by 2016, growing at a CAGR of 15.2%. The global insecticides seed treatment market is projected to reach $1,591.1 million by 2016, growing at a CAGR of 11.4%
Rising GM seeds prices and cost effectiveness of seed treatments over other crop protection methods are expected to drive the demand for seed treatment market in the near future. However, absence of centralized government regulation for treated seed and seed treatment active ingredient registration expected to hamper the global movement of seeds and ultimately the demand for seed treatments in the next five years.
One of the critical success factors (CSFs) in the market is the ability of a market participant to innovate complete protection solution against various biotic and abiotic stresses in single product. This battle of manufacturing grower-friendly, crop-friendly, and environment-friendly product innovation is going to be one of the key strategies market players are following in seed treatment industry in the next five years.
Explore Comprehensive list of Tables & Figures available in the report @http://www.reportsnreports.com/reports/144659-seed-treatment-market-trends-and-global-forecasts-2011-2016-.html
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