Market Trends of France Seed Treatment Industry
This section covers the major market trends shaping the France Seed Treatment Market according to our research experts:
Need for Stabilizing the Yield
A growing population coupled with declining arable land area creates the need for increased productivity. According to the World Bank, in 2016, agriculture land in France was 52.4% and is constantly decreasing. So the agricultural producers will be required to become more efficient and more productive to create enough food for a growing population. Various seed treatment techniques like coating, pelleting, phytosanitary treatment and microbial inoculation are being practiced to overcome the changing climatic factors and pest incidence so as make yield unaffected. According to FAO, in 2017 wheat yield was 72538 hg/ha in France but it has seen a decline in 2018 where the production was 68427 hg/ha. In 2016 the yield was even low to reach 52896 hg per ha. This indicates the fluctuating yield level in various years in France. So in order to stabilize this variating yield level seed treatment can be performed, Thus driving the seed treatment market.
Biological Seed Treatments is the Fastest Growing Segment
The French organic market is becoming increasingly accessible to consumers resulting in higher consumption. According to the Government of France, in 2018 almost 5% of French household food consumption consists of organic products and the market grew by 15% to USD 10.65 billion. Organic sector experiencing the strongest growth in the country due to growing consumer preference towards organic products and government support. For instance, additional 5,000 farms were certified organic in 2018. In total, 41,600 farms are involved in organic farming throughout France, representing nearly 9.5% of all farms. The organic utilized agricultural area was 2 million hectares in 2018, which represents a 17% increase in organically cultivated land compared to 2017. The rising organic farming practice triggered the key players to invest in new product developments in non-chemical seed treatment products. For instance, In 2018, BASF France Agro launched Integral® Pro, the first biocontrol seed treatment for rapeseed. Integral® Pro is a bio fungicide composed of Bacillus amyloliquefaciens strain MBI 600 which protects seeds against soil-pathogenic fungi.
