The canola seed treatment market was estimated at USD 142.5 million in 2017 and is expected to register a robust CAGR of 9.5% during the forecast period. Flea beetles and seedling diseases are the major threats to canola crop establishment. Certified canola seed typically comes pretreated with a combination of active ingredients that can provide this protection.
The major producers of canola from advanced economies, like EU, the United States, and Canada relay on seed treatments of oilseed rape in order to protect the crops from pests, like flea beetles. It is calculated that yield losses occurs, due to flea beetles infestation alone is about 8% to 10%. However, the neonicotinoid insecticide seed treatments, which are mostly applied to canola seeds, are considered to be negatively impacting the bees, including honey bees and bumble bees, which, thereby impact bee colonies that is further feared to have negative impact on natural pollination.
There are strict regulations regarding the use of neonicotinoid insecticide seed treatments, especially in EU, which are in turn restricting higher penetration of neonicotinoid insecticide seed treatments for oilseed rape crop.
Companies that provide seed treatment for canola are introducing upgrades to the insecticide products that already exist in the market. This strategy leads to the fulfilment of two purposes: the company has to spend a lesser amount on the R&D of new products and the new upgraded versions also fulfil varied requirements. The major players, including Bayer CropScience, DuPont, and Syngenta, are actively involved in product developments and have canola seed treatment products in their seed treatment products portfolio. Visivio, a new insecticide introduced by Syngenta in 2016, is an add-on that can be added with the base insecticide product and this results in a much better canola crop.
Major Players: Adama Agricultural Solutions Ltd, Advanced Biological Marketing Inc., BASF SE, Bayer Cropscience AG, Bioworks Inc., Brettyoung Limited, Chemtura Agrosolutions, Germains Seed Technology, Incotec Group BV, Verdesian Life Sciences, Monsanto Company, Novozymes A/S, Nufarm Ltd, Plant Health Care, Precision Laboratories LLC, Syngenta International AG, and Valent USA Corporation, Inc., among others.
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1.1 Increasing Innovations in the Market
3.1.2 High Susceptibility to Pests
3.1.3 Improved Performance based on IPM Practices
3.2.1 Ban on Neonicotinoid Insecticides
3.2.2 Negative Impact on the Environment resulting in Increased Regulations
3.3 Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
4. Market Segmentation
4.1 By Application
4.2 By Geography
4.2.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
4.2.4 South America
184.108.40.206 Rest of South America
220.127.116.11 South Africa
18.104.22.168 Rest of Africa
5. Competitive Landscape
5.1 Strategies Adopted by Leading Players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles#
6.1 Adama Agricultural Solutions Ltd
6.2 BASF SE
6.3 Bayer CropScience AG
6.4 Bioworks Inc.
6.5 Brettyoung Limited
6.6 Chemtura Agrosolutions (FMC Global)
6.8 Monsanto Company
6.9 Novozymes A/S
6.10 Nufarm Ltd
6.11 Precision Laboratories LLC
6.12 Syngenta International AG
6.13 Valent USA Corporation
6.14 Verdesian Life Sciences
6.15 Wolf Trax Inc.
#List not exhaustive
7. Future of the Market