Insecticide Seed Treatment - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Insecticide Seed Treatment market is accounted for $3.47 billion in 2018 and is expected to reach $10.27 billion by 2027 growing at a CAGR of 12.8% during the forecast period. Some of the key factors propelling the market growth include increase in usage of seed treatment solutions on high-priced GM seeds, growth in the area under GM crops, increase in crop demand for biofuel and feed, and the use of insecticides as a low-cost crop protection solution. However, stringent government regulations are restraining the market growth.
The insecticide seed treatment includes both processes as well as products. This treatment aids in preventing loss of seeds along with ensuring that the seed is protected from harmful effects of pesticides. Seed treatments can be an environmentally more friendly way of using pesticides as the amounts used can be very small. It is usual to add colour to make treated seed less attractive to birds, and easier to see and clean up in the case of an accidental spillage.
By application, the seed dressing segment is anticipated to grow at the significant rate during the forecast period. The seed dressing application technique is mostly used for insecticide seed treatment since it is a low-cost technique as compared to the others. It is hence, economical to use on low-cost cereals and grains, such as wheat and corn, which are the key crop types dominating the use of insecticides as seed treatment.
On the basis of geography, South America is expected to have considerable growth during the forecast period, due to the increase in use of insecticide seed treatment through advanced agricultural techniques and rise in need for food security in the South American countries. Brazil and Argentina were the lucrative country-level markets in the South American region. High market penetration by the leading insecticide seed treatment companies, for enhancing the agricultural growth and productivity, and the decrease in arable land are the main factors influencing the growth of the market in South America.
Some of the key players in insecticide seed treatment market include Sumitomo Chemical Company Ltd, Adama Agricultural Solutions Ltd, Nufarm Limited, Monsanto Company, Novozymes A/S, Platform Specialty Products Corporation , BASF SE, Syngenta AG, E. I. Du Pont De Nemours and Company, Bayer Cropscience AG, Advanced Biological Marketing Inc., FMC Corporation, Bioworks Inc., Chemtura Agrosolutions , Germains Seed Technology, Incotec Group BV, Brettyoung Limited, Valent Usa Corporation, Wolf Trax Inc, and Verdesian Life Sciences.
• Synthetic Chemical
• Other Types
Crop Types Covered:
• Fruits & Vegetables
• Cereals & Oilseeds
• Other Crop Types
• Seed Pelleting
• Seed Dressing
• Seed Coating
• Soil Monitoring
• Yield Monitoring
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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