Increasing Demand of Seed Treatment Across The World

Source: www.bayercropscience.us

The seed treatment market is a part of crop protection market. Basically, it consists of Chemical seed treatments and Non-chemical seed treatment.

Chemical seed treatment consist of insecticides, fungicides and products like plant growth regulators, safeners & micronutrients all these made up of inorganic chemicals.

Seed treatment market is dominated by chemicals seed treatments contributing as much as 98% market leaving very little scope for non chemicals like safeners, micronutrients, and plant growth regulators.

The seed treatment market can be studied on the basis of product types, applications & geographic areas.

On the basis of type, it is classified as chemicals & non-chemicals. On the basis of application, it is classified as fungicide, insecticide, bio-control & others. Crop types such as cereals, oilseed & others can also be used to segment the market.

The market having revenue of $1,253.5 million in 2012 is expected to grow to $2,240.9 million by2018, at a CAGR of 10.2%.

90.9 % of seed treatment market was acquired by U.S. in 2012. There is a constant increase over awareness about consequences of agrochemicals residues in food. This is helping to increase demand of seed treatment across the world.

According to a report from 2012, Seed treatment insecticides are the largest segment of chemical seed treatment market with 51.3 & shares followed by seed treatment fungicides with 34.7 % of market shares.

 

Source: www.agro.basf.com

Chemical seed treatment uses petrochemicals & inorganic raw materials. The fungicide seed treatments market is growing at a CAGR of 7.6% and is expected to reach $692.0 million by 2018. The insecticides seed treatment market is projected to reach $1,161.9 million by 2018, growing at a CAGR of 10.5%

Non Chemical seed treatment is the bio based seed treatment, having raw materials as renewable resources and contains natural active ingredients. These materials are eco-friendly and have no negative effect to consumer and workforce safety. It is one of the fastest growing seed treatment market in the near future.

When it comes to growth strategy, Innovation is the best way to lead this market. Highly innovating companies having more no. of patented products are the market leaders for this market.   

Source: scientificbeekeeping.com

Key innovators in this market are as follows:  

• Chemtura (U.S.),
• DuPont (U.S.),
• Monsanto (U.S.),
• Valent (U.S.A) and
• Wolf Trax (Canada).

Also, there are some companies practicing bio-control seed treatment which have natural active ingredients in it.

Key participants in the Bio-control segment include:

• Plant Health Care (U.S.) and
• Becker Underwood (U.S.).

Major reasons for increasing demand of seed treatment market are raising GM seed prices and cost effectiveness of seed treatments over crop protection chemicals.

High degree of innovation in the field of seeds and crop industry due to advancement of biotechnology is proved to be a critical success factor for seed treatment industry.  The latest innovations proved to be successful in generating the seeds with varied traits and having stronger resistance to diseases.

We can say that there is a 3- dimensional innovation in seed treatment market as growth-friendly, crop-friendly & environment friendly. These are helping the key marketers to develop their growth strategies for the coming future.