Asia-Pacific Seed Treatment Market by Crop Type (Corn/Maize, Soybeans, Wheat, Rice, Canola, Cotton and Other products) by Function (Crop Protection Chemicals and Seed Enhancement) by Application (Chemical Agents- Insecticides, Fungicides, other chemicals and Biological Agents) and by Region
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PR-Inside.com: 2017-09-14 12:02:11
According to the report Asia Pacific Seed Treatment Market, published by Market Data Forecast, the Market was worth USD 520 million in 2016 and estimated to be growing at a CAGR of 11.28%, to reach USD 887 million by 2021. Asia-Pacific holds around 9% share in world seed treatment market. The Asian countries such as China and India are expected to show a strong growth in terms of agricultural output. Most countries in this region are yet to establish a proper system for registration, manufacture, and sales of seed treatment. Major opportunities for the Asia-Pacific region is fastest growth rate for biological agents. The region is geographically divided into India, China, Japan, Australia and South Korea.
There are basically three types of seed treatments: physical, biological, and chemical. Depending on the requirement, seed treatment products are combined and used in varying proportions. Seed treatment helps to control soil- and seed-borne infections and diseases. In addition, it improves the yield of crops, reduces germination time, and enhances overall productivity.
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Biological seed treatments are emerging as a growth market in the Asia-Pacific region. The poor farmers in Asia-Pacific are adopting organic techniques which have a lower environment impact which is driving the market. Rapid growth of biological seed treatments will boost growth potential as vendors are increasingly investing in R&D to develop environment-friendly, cost-effective, and energy-efficient treatment methods. Major restraints for the seed treatment market are regulatory structure intervention regarding entry, concerns for the environment and regulation of seed treatment market.
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The seed treatment market is segmented by crop type into Corn/Maize, Soybeans, Wheat, Rice, Canola, Cotton and Other products. Based upon application it is divided into Chemical Agents- Insecticides, Fungicides, other chemicals and Biological Agents. On the basis of function, the market can be bifurcated into Crop Protection Chemicals and Seed Enhancement.
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Syngenta, Bayer CropScience and BASF are the top three players in the global seed treatment market. Monsanto, BioWorks Inc, Valent USA Corp, Adama Agricultural Solutions Ltd, Advanced Biological Marketing Inc, Brettyoung Limited, Chemtura Agrosolutions, Dupont and Germains Seed Technology are other key players in the market.
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