The Canadian market for seed treatment is projected to reach US$81.2 million by 2020 at a CAGR of 5.8% over 2014-2020. While chemical agents constitute the largest application segment estimated to account for a share of 94.5% in 2014, demand for biological agents is likely to record the fastest 2014-2020 CAGR of 7%. By crop type, demand for seed treatment is the largest in corn/maize (estimated 2014 share of 32.6%) and fastest growing in canola (7% CAGR for 2014-2020).
The seed industry in Canada engages in producing an extensive range of quality seeds for sowing that include major cereals and oilseeds, special crops, pulses, forages and turf grasses, ornamental and garden seeds. This helps in sustaining the regions dynamic agricultural industry, which also caters to several overseas agricultural sectors.
Statistics from the Canadian Seed Trade Association reveal that domestic and export sales of seeds accounts for generating about C$750 million on an annual basis, with exports being destined for about 110 countries. The seed industry in Canada is home to over 150 seed companies and 4,500 seed producers of pedigreed seed.
Canadian commercial seed producers and companies produce and market both certified and common seeds to meet the diverse needs of growers. Certified seeds are verified for their genetic identity and purity by an external field inspector and, are used by farmers who want additional assurance on seed quality, variety purity, and performance. Common seeds are mainly found with forage crops. Approximately one-third of forage seed production is sold as common seed, mainly in Canada and the United States.
The market for seed treatment gains in significance due to a number of factors, prominent among which are agronomic trends that comprise development of high quality seeds through the enhanced potential offered by genetically modified organisms (GMOs), changes in climatic conditions, increasing rates of crop rotation, flexibility in sowing approaches and greater pressure from regulatory requirements. Primary requirements of seed treatment include capability of offering good protection during the germination period, supporting early plant development and enhancing stress tolerance at an early stage. These can be achieved by improving the quality of seed treatment products that offer ease of application at low rates. In short, it may be summed up that the foundation for the future lies in the concept of innovation in seed treatment.
Syngenta, Bayer CropScience and BASF are the top three players in the global seed treatment market, with all of them having an extensive portfolio of agricultural products and solutions. While BioWorks Inc, Advanced Biological Marketing Inc and Valent USA Corp are comparatively smaller players, they offer the potential of becoming big game changers in the area of seed treatment in future. Each company has adopted an individual approach in terms of strategy for future growth. A few have focused on horizontal growth by expanding their presence in emerging markets that offer greatest scope for future prospects, while yet others have been content to operate within their established boundaries and go in for vertical growth by concentrating on innovations in the area of products and solutions.
This report from Mordor Intelligence provides a comprehensive analysis of the Canadian market for seed treatment based on application segments that include chemical agents (insecticides, fungicides and other chemicals) and biological agents. The other area analyzed includes crop type undergoing seed treatment, including corn/maize, soybeans, wheat, rice, canola, cotton and other crops. Companies covered in the report include Adama Agricultural Solutions Ltd (Formerly Makhteshim Agan Industries Ltd), Advanced Biological Marketing Inc, BASF SE, Becker Underwood, Bayer CropScience AG, BioWorks Inc, BrettYoung Limited, Chemtura AgroSolutions, DuPont, Germains Seed Technology, INCOTEC Group BV, INTX Microbials LLC, Monsanto Company, Novozymes A/S, Nufarm Ltd, Plant Health Care, Precision Laboratories LLC, Syngenta International AG, Valent USA Corporation and Wolf Trax Inc.