Seed Treatment Industry 2020- Global Market Research report includes a comprehensive analysis of the Seed Treatment Market size, growth, and share, trends, consumption, sections, application and Forecast 2023.
The “Seed Treatment Market” 2020-2023 Report involve a deep research on global Seed Treatment industry which enables the customer to look at the possible requirement as well as prediction. The restrains and drivers are assembled after a major study of the worldwide Seed Treatment market’s proficiency. the development ratio which is expected in perspective of the rational analysis provides thorough data of the worldwide Seed Treatment industry.
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The global seed treatment market was valued over USD 5100.4 million. The market is expected to register a CAGR of 10.5% during the forecast period (2018-2023). Bio-based seed treatment segment will be the dominant segment of the market. Geographically, North American and European regions are the top two consumers of seed treatment with a combined market share of around 66%.
Top Manufacturers Listed in the Seed Treatment Market Report are:
Detailed Overview about Seed Treatment Market:
Rise in the cost of High-Quality Seeds Drives the Market
The chemical seed treatment usage has increased from 5391.4 tons of active ingredients in 2008 to 9623.3 tons of active ingredients in 2013. Due to higher regulatory issues relating to fumigation and foliar application of pesticides, seed treatment is being increasingly considered by farmers as a mode of protection on high investments made on good quality seeds. Owing to the increasing demand for high-quality seeds with desirable agronomic traits, the cost of seeds is increasing. Both companies and farmers are ready to spend extra for seed treatment solutions to save costly high-quality seeds from quality degradation.
Low Adoption Rates among Farmers Restraints the Market
Lack of general awareness, along with the paucity of cost-effective, better environment-friendly, and productivity increasing new seed treatment technologies act as major constraints to the market, especially in the developing nations. While the majority of the seeds used in developed economies, including the US, undergo seed treatment, it is as low as 20% in the developing nations. According to a research carried Directorate of Rapeseed-Mustard Research in India, low adoption of seed treatment, with a mean percentile score of 23.2, was observed in major rapeseed-mustard growing regions of India, such as Rajasthan, Haryana, and Uttar Pradesh. Most of the farmers do not use seed treatment due to the lack of knowledge about the advantages of seed treatment and the high costs involved in purchasing agro-chemicals for seed treatment.
North America Dominates the Market Share
North America has the largest market share accounting for 39.7% of the global market. The North American seed treatment market was estimated to reach a market value of USD 2027.0 million in 2019 and is estimated to grow at a CAGR of 10.0% in the forecast period. The US has the largest market value of USD 1546.2 million in 2019, and it also has the largest share of the global market. Within the North American region, the US has a market share of 76%, followed by Canada with a market share of 20%. Canada is the fastest growing market for seed treatment in the North American region with a CAGR of 11.0% followed by Mexico with 10.0% in the forecast period.
By Function, Seed Protection Dominates the Market
The seed protection based seed treatment market was valued at USD 3264.3 million in the year 2016, with an estimated CAGR of 10.3% during the forecast period. The market for insecticides claimed the major share of 55.6% in 2016, followed by fungicides (23.9%) and others, including nematicides (19.6%) in terms of market revenue. In terms of market value, more than 60% of the global share is held by insecticides or a combination of insecticides and fungicides based seed treatment methods. However, in terms of the application of treated seeds per acreage, the insecticides or a combination of insecticide and fungicide-treated seeds account for approximately 30% only
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Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Seed Treatment market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Seed Treatment market forecast For the period of 2020-2023, this study provides the Seed Treatment sales, revenue and market share for each player covered in this report.
Reasons to Purchase the Seed Treatment Market Report:
– The report analyses how the shift towards safety will drive the global Seed Treatment market.
– Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
– Study on the product type that is expected to dominate the market.
– Study on the regions that are expected to witness fastest Seed Treatment Market growth during the forecast period.
– Identify the latest developments,Seed Treatment market shares and strategies employed by the major market players.
– Analyzing what will be the Seed Treatment Market size.
Major Points from Table of Contents:
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