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Seed Treatment Market projected to grow with significant CAGR over the forecast

Seed Treatment Market projected to grow with significant CAGR over the forecast
Seed Treatment Market
Seed Treatment Market
PR-Inside.com: 2018-05-17 13:36:58
Seed Treatment Market projected to grow with significant CAGR over the forecast

Market Dynamics of the Seed Treatment Market
The seed treatment market is likely to see growth in the forecasted period mainly due to increasing supply pressure in order to meet the food demand of growing population. Also, governments and private players are taking initiatives and making huge investment in R & D activities. These factors are likely to boost growth in the seed treatment market.

On the contrary, high cost and stringent regulations will continue to act as hindrance to the growth of the seed treatment market.

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Seed Treatment Market – Segmentation

Seed treatment market can be segmented on the basis of product type, product function, crop type, application and region.

On the basis of product type, the seed treatment market can be classified into the following categories:-

• Non Chemical Seed Treatment

• Chemical Seed Treatment

On the basis of product function, the seed treatment market can be classified into the following categories:-

• Seed Enhancement

• Crop Protection Chemicals

On the basis of crop type, the seed treatment market can be classified into the following categories:-

• Grains and Cereals

• Turf and Ornamental Plants

• Oilseeds

On the basis of application, the seed treatment market can be classified into the following categories:-

• Seed Dressing

• Seed Pelleting

• Seed Coating

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Seed Treatment Market – By Region

On the basis of regions, the seed treatment market can be divided into the following key regions. They are:-

• North America

• Latin America

• Europe

• Asia-Pacific

• Middle East & Africa

In the forecasted time period, North America likely to have the largest market share due to factors like subsidies provided by the government and awareness among farmers. Untapped markets, unfulfilled needs, rising demand for treated seeds and large dependency on agriculture, makes Asia-Pacific the second most favourable destination for the growth of the seed treatment market.

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Seed Treatment Market – Major Players

Few of the major players in the seed treatment market are as listed below:-

• DuPont (U.S.)

• Monsanto Company (U.S.)

• INCOTEC Group BV (Netherlands)

• Syngenta AG (Switzerland)

• Bayer CropScience AG (Germany)

• The Dow Chemical Company (U.S.)

• Platform Specialty Products Corporation (U.S.)

Seed Treatment Market – Key Developments

• May 2017 – A new seed treatment fungicide, PLENARIS being launched by Syngenta to control downy mildew in sunflower.

• November 2016 - DuPont and Monsanto entered into an agreement to market DuPont’s LUMIVIA insecticide seed treatment under the brand name of AACELERON in Eastern Canada.

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