Asia-Pacific: Seed Treatment market by Type (chemical & non-chemical), by Application (fungicide, insecticide, bio-control and others) and by Crop (cereals, oilseeds and others): Trends, Forecasts and Technical Insights up to 2018”
The seed treatment market consists of crop protection chemicals or agrochemicals, specifically for seeds, and genetically modified (GM) crop-seeds. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Seed treatment market is further classified as insecticides (chemical), fungicides (chemical), bio-control seed treatments, and other seed treatment chemicals. The APAC seed treatment market is the fastest growing region in the global scenario.
Chemical seed treatments, which are typically manufactured from petrochemical or inorganic raw materials, are further segmented as insecticides, fungicides, and other chemical seed treatments. The market is dominated by chemical insecticides, accounting for over 52.2% of the total seed treatment demand in 2012. The fungicide seed treatments market is growing at a CAGR of 10.6% and is expected to reach $102.7 million by 2018. The insecticides seed treatment market is projected to reach $163.9 million by 2018, growing at a CAGR of 11.7%
Rising GM seed prices and cost effectiveness of seed treatments over other crop protection methods are expected to drive the demand for the seed treatment market in the near future. However, an absence of centralized government regulations for treated seed and seed treatment active ingredient registration are expected to hamper the growth and demand for seed treatments in the next five years.
China and India were the leading consumers of seed treatments, together accounting for over 76.0% of the market in 2012. A constant regulatory push towards restricting the use of agrochemicals and increasing consumer awareness regarding the consequences of agrochemical residues in food, has resulted in a significant increase in demand for seed treatments in other regions as well.
Asia-Pacific Seed Treatment, which has witnessed a steady demand for these seed treatments in recent years, is now one of the growing markets for the seed treatment industry. Increasing modernization of agriculture in India and China is expected to drive the Asia-Pacific market in the near future.
In terms of competition, the market is dominated by “innovators”, which are essentially companies having patented products in the market. Key innovators include Monsanto (U.S.), Sumitomo (Japan) and Nufarm (Australia.). Also, there are companies that focus on bio-control seed treatment products; i.e. products that have a natural active ingredient. Key participants in the Bio-control segment include Plant Health Care (U.S.) and Becker Underwood (U.S.). APAC leaders are now taking a leaf out of the book and venturing into further research for bio-control agents in the seed treatment market.
The report also touches on various other important aspects of the market. It includes market share analysis, the competitive landscape, a price analysis and the patent analysis, along with direct correlation with the global seed market. In addition, 5 key players of this market have also been profiled.
North – Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252