Global Seed Treatment Market, Industry Trends, Opportunities, Estimation & Forecast, 2019-2027
The demand for seed treatment market is rising because of integrated pest activities for decreasing the use of pesticides had gained its prominence for its advantages. This usage of seed treatment is beneficial for seasonal diseases by pests and its influence caused on crop yield. Policies enforced by private and government agencies catalyze the implementation of seed treatments having advantages in protecting seeds from pathogens, insects, and other pests. Therefore alternatives have a healthy growth that would standardize agricultural yields. Seed treatment market has a good contribution by increasing awareness of farmers. An increased need for food grains along with higher disposable income among the nations has a significant impact on seed treatment market share. Technological advancement associated with seed treatment would have a positive impact on environmental change and natural resource depletion.
The Demand for Seed Treatment Market is expected to Exhibit a CAGR of 7.7 % to reach US$ 9.6 Billion by 2027.
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By Chemical, the chemical seed treatment segment is expected to grow in demand during the forecast period.
Growth in the chemical seed treatment segment is supported by an increase in supply of food demand globally. Improvement in seed treatments processes by means of various techniques including chemicals on the crops contributed to meeting the supply and demand gap existing in the global market. Such impact on the crop is coupled with cost-effectiveness and increased quality of the commodities shall have a consistent growth of seed treatment market. The global chemical seed treatment market accounted for US$ 5.4 Bn in 2015 as per. For instance, Bayer crop sciences have a share of 75% in the seed treatment market and are enhancing the technologies by research & development. The seed treatment procedure is experiencing high usage in smart crop techniques that are low in cost and have less impact on climatic conditions to decrease the seed cost. Due to the demand-supply gap existing the food companies are investing in research and hugely contributing to the advancement of genetically modified seeds in order to meet demand.
The Seed Treatment Market In The Asia Pacific Accounted For The Fastest-Growing Market In 2018 And Is Expected To Remain Dominant During The Forecast Period.
The Asia Pacific market is significantly having good market share because of abundant arable land. Companies are increasingly investing among various seed treatment procedures that could have a good crop yield. Asia Pacific region has a 9% of global seed treatment market procedures because of good agricultural land presence in this region. Nations such as China and India are having a significant output in the agricultural commodities fueling the market of the seed treatment. The important factors substantiating in the growth of the seed treatment market of Asia pacific are contributed by increased demand for biological agents used in seed treatment.
The market of seed treatment is consolidated in nature and has good players offering seed treatment on the global platform. Because of the numerous players associated with seed treatment the penetration rate is moderate into this market to gain customer traction. Thus companies are offering advanced seed treatment offerings by investing heavily in Research and development activities.
Prominent players offering seed treatment are stated as follows: Bayer, Syngenta, BASF, Monsanto, Bioag, Dupont, Italpollina, Koppert, Incotec, Plant Health Care etc are contributing their offerings in the global platform.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
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e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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