Seed Treatment Market worth $4,635.4 Million by 2019, According to a New Study on ASDReports

Thursday 4 September 2014, Amsterdam

The report, now available on ASDReports, “Seed Treatment Market by Type (Chemical & Non-Chemical), by Application (Fungicide, Insecticide, Bio-Control, and Others) and by Crop (Cereals, Oilseeds, and Others) - Global Trends, Forecasts and Technical Insights up to 2019” defines and segments the seed treatment market with analysis and projection of the market size for both, synthetic as well as bio-based seed treatments. It also identifies the driving and restraining factors of the global seed treatment market with analyses of trends, opportunities, and challenges. The market sizes of various segments and sub-segments have been projected on the basis of major regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The market is further segmented and the market sizes are projected on the basis of product types, product applications, and crop types.

Seed treatments are widely used across the globe, and are very useful in safeguarding crops against various insects, disease-causing microbes, and pests in a cost-effective way. Seed treatments are very important as they improve the quality and yield of the agricultural produce. Based on applications, the seed treatment market can be segmented into three types: insecticides (chemical), fungicides (chemical), and bio-control seed treatments.

The seed treatment market is estimated to be valued at $2,798.0 million in 2014 and is projected to grow at a CAGR of 10.6% from 2014 to 2019, to be valued $4,635.4 million by 2019 Insecticides form the largest segment of seed treatment market and it accounts for over 50.0% of the market share, among all the applications. North America and Latin America, especially countries such as U.S., Brazil, and Argentina, are the mature markets for seed treatment products. Asia-Pacific, especially China and India are projected to be high-growth markets in the near future, subsequent to Latin America. In 2013, Asia-Pacific represents 7.0% share of the global seed treatment market and is projected to reach $341.8 million by 2019.