Global Seed Treatment Industry was valued at USD 6.6 Billion in the year 2017. Global Seed Treatment Industry is further estimated to grow at a CAGR of 10.68% from 2019 to reach USD 14.9 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecast period due to growing demand of seed treatment and growing demand of quality crop. At a country level, the U.S., Canada, & Brazil in North America and China & India in Asia-Pacific holds the notable Industry share and is projected to grow strongly in the coming years due to the strongly growing agriculture sector.
Major market players in Seed Treatment Industry are The Dow Chemical Company, Syngenta AG, Monsanto Company, Bayer CropScience AG, FMC Corporation, Valent Biosciences Corporation, Adama Agricultural Solutions Ltd, BASF SE, Nufarm Ltd, Sumitomo Chemical, and brief overview of 12 companies is also provide in the report. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis of Seed Treatment Industry:
Growing demand for high-quality seeds
Growing awareness benefits associated with seed treatments
Increasing global population
Strict government regulations and policies
The ban on certain products associated with seed treatment
High opportunities in the developing region
Emerging crop protection Industry
The segmentation is done on the basis of application, by function, by crop type, and by region. On the basis of application, the global Seed treatment Industry is sub-segmented as chemical and non-chemical/biological of which the chemical segment is expected to hold the highest Industry share during the forecast period.
Seed Treatment Industry Segmentation:
By Crop Type
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Seed Protection
• Seed Enhancement
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa