Seed Treatment Fungicides - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Seed Treatment Fungicides Market is accounted for $1.49 billion in 2019 and is expected to reach $3.50 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Better usage of seed treatment solutions on high priced GM seeds, augment in area under GM crops and rising crop demand for bio fuel are the major factors propelling the market growth. However, strict government rules are hampering the market growth.
Prior to plant a crop the seeds are treated with the function of chemical or biological products which offers resistance against the harmful organisms such as Bacteria, Fungi and Pests. This is called seed treatment. If fungicides are used then it is known as fungicidal seed treatment. This kind of treatment helps in seed improvement which boosts the productivity of the crop in the next to future. Seed treatments can be an environmental friendly way of using pesticides as the amounts used can be extremely small, and the residues left by adopting this method is also very less.
Based on the application, the seed dressing segment is estimated to have a lucrative growth due to it is a low-priced technique compared to other techniques. It is cheap to use on low-cost cereals and grains, such as wheat and corn, which are the main crop types dominating the seed treatment fungicides market. By geography, Asia Pacific is likely to have a huge demand due to the requirement to undertake efforts to reduce the environmental concerns associated with excessive pesticide use. There has been a positive trend in the use of insecticide seed treatment in countries such as Australia, China, and other developing countries of the region.
Some of the key players profiled in the Seed Treatment Fungicides Market include Adama Agricultural Solutions Ltd, BASF SE, Bayer Cropscience AG, Bunge Limited, Cargill, Inc, Du Pont, FMC Corporation, Glencore, Monsanto Company, Novozymes, Nufarm Limited, Platform Specialty Products Corporation, Sumitomo Corporation and Syngenta AG.
• Synthetic Chemical
Crop Types Covered:
• Fiber Crops
• Fruits & Vegetables
• Plantation Crops
• Silage & Forage Crops
• Turf & Ornamentals
• Oilseeds & Pulses
• Cereals & Grains
• Seed Pelleting
• Seed Dressing
• Seed Coating
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
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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