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Asia Pacific is Projected to be the Fastest Growing Regional Market for Seed Treatment

The seed treatment market is projected to reach a value of USD 11.31 billion by 2022, at a CAGR of 10.82% from 2017 to 2022. The global market has been driven by the successful implementation of practices for sustainable agriculture, supportive regulations to encourage the research and production processes, and the rise in environmental concerns associated with excessive pesticide use across the globe. This has promoted the growth of the market, particularly in China, India, Australia, and Argentina.

Increasing investments in R&D capabilities of the key players for the development of treated seeds, along with the increased expenditure in identifying seed treatment through cost-effective active ingredients, are expected to change the business landscape over the next five years. There is a high scope of development in the application of seed treatment in controlled-release technologies. The precise targeting of pesticides applied to the seeds, coupled with the reduced amount of pesticide requirement in comparison to the foliar sprays are the major factors encouraging the adoption of this technology among a majority of the farmers.

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Based on crop type, the cereals & grains segment accounted for the largest share in 2016. This is attributed to the significant rise in agri-inputs usage on crops such as corn, wheat, rice, and barley in the US, China, Japan, and European countries. However, due to the increasing industrial value of soybeans and canola, the demand for seed treatment for these crops is also expected to increase. High-value crops such as vegetables are a niche market for seed treatment; however, this market has been witnessing a steady growth owing to the growing number of products for vegetables in the market.

The Asia Pacific is projected to be the fastest-growing market for seed treatment between 2017 and 2022. The Asia Pacific is a key market for seed treatment as the region’s economy is heavily dependent on agricultural outputs and the trade of agricultural commodities. Trade barriers are hence expected to cause trade scarcity, which is a serious issue for Asian trade blocs. To improve agricultural trade, there is an increased necessity to maintain the yield, and hence there has been an increasing focus on seed treatment to maximize the yield of crops such as cereals and oilseeds. Key players focus on research & development to innovate products conforming to regulations, which form the basis for the demand for seed treatment in markets such as South America and the Asia Pacific.

 

 

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