Seed treatment involves application of pesticides to seeds for protecting them from diseases caused due to various organism and insects. Treating seed with pesticides is important, as it improves health of crops. Major factors driving growth of the market include low-cost of crop production and less environmental impact of seed treatment. During the seedling development stage, crop seeds are exposed to adverse environmental conditions. Seed treatment reduces the environmental impact of the manufacturing process by reducing the spray applications of crop protection products and decreasing exposure to non-target species including pollinators and humans.'Have a fresh look with latest Trend and Outlook: [FURL=https://www.coherentmarketinsights.com/market-insight/seed-treatment-market-1397]https://www.coherentmarketinsights.com/market-insight/seed-treatment-market-1397[/FURL]
According to American Seed Trade Association (ASTA), the exposure of potential soil surface to pesticides is reduced by around 90% or more as compared to other application methods such as broadcast sprays or in-furrow applications. However, although seed treatment is a cost-effective crop protection technique, it is not efficient if presence of pest is high. Hence, the low shelf life of the treated seeds and limited protection are major factors restraining market growth.
Seed treatment is segmented on the basis of crop type in cereals & grains, sugar beets, alfalfa, oil seeds, sugarcane, and vegetables. Cereals & grains segment is expected to account for the highest revenue share over the forecast period, due to its increasing consumption by global population. According to the United States Food and Agriculture Organization, the global cereal consumption was 38 million tonnes in 2016 and was increased by 1.5% in 2017. Furthermore, seed treatment is segmented on the basis of applications such as insecticides, fungicides, herbicides, fertilizers, and bio-control. Herbicides accounted for the largest revenue share in 2016, owing to its easy application and low cost. According to Federation of Indian Chambers of Commerce & Industry, herbicides accounted for 16% of the total crop protection chemicals market in 2015.
The seed treatment market was valued at US$ 19,276.9 million in 2016 and is expected to expand at a CAGR of 7.81%, in terms of revenue over the forecast period (2017 – 2025).
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Some of the key players operating in the global seed treatment market include Syngenta AG, Bayer AG, Nufarm Limited, BASF S.E., Monsanto Company, DowDuPont Inc., Sumitomo Chemical Company, Limited, Albaugh, LLC, FMC Corporation, and Lanxess AG.