Market Trends of Germany Seed Treatment Industry
This section covers the major market trends shaping the Germany Seed Treatment Market according to our research experts:
Increasing Adoption of Various GM Crops
The introduction of GM seeds added high value to seeds, with the cost of seeds being high and sometimes being twice as much as that of non-GM seeds. Earlier, a growth percentage of 85% was expected by farmers as some of the seeds would rot or be destroyed by insects. With changing trends and 100% seed emergence expectation by growers even in unfavorable conditions, treatment of seed has become a necessity. Top players in the market are constantly focusing on the development of superior quality seeds through modern breeding techniques, thereby increasing the cost of the seeds. Replanting of seeds due to poor germination or insect attack is expensive; the high cost of labor requirements is also tied into the overall cost. Seed treatment is an effective solution for farmers because good quality seeds lead to better produce. Owing to the fact that most of the GM seeds are treated with biological and chemical treatments, the increase in area under GM crops is positively affecting the seed treatment market growth.
Cereals and grains segment dominate the market
Based on crop type, Germany seed treatment market is segmented into cereals & grains, oilseeds & pulses, other crop types. The seed treatment is most widely used on the cereals & grains, and hence this segment holds the largest share in terms of volume of the overall seed treatment market. Cereals & grains include crops such as wheat, rice, corn, sorghum, oats, and barley. The demand for seed treatment for cereals & grains is mainly driven by factors such as increasing demand for feed, growing population, and industrial applications such as animal feed, starch & ethanol production. However, demand for oilseed treatment is anticipated to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the increasing adoption rate of seed treatment among the farmers to control the yield loss due to seed and seedling diseases.