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Global Insecticidal Seed Treatment Market - Segmented by Application and Geograp ...
The global insecticidal market was estimated to be USD 2.27 billion and it is expected to register a CAGR of 8.5% during the forecast period (2018 – 2023). North America is the largest market insecticidal globally, accounting for a 48% global market share in 2016, and Asia-Pacific is expected to register the fastest CAGR of 10.5% during the forecast period.
North America represents the major producers of the seed-treated crops, such as corn/maize, wheat, potato, and soybeans. However, due to the high rates of intensification of seed treatments and crop protection presently under the explored markets of Asia-Pacific and Africa, these markets are expected to grow at a high rate during the forecast period. South America is also expected to record a high CAGR resulting due to a number of efforts taken, especially from Brazil and Argentina, to increase production of crops aiming at the global markets and thereby, resulting in an increase in the intensification of the related seed treatments.
The high costs associated with agrochemicals are a major factor that is driving the growth of the global insecticidal seed treatment market. With higher regulatory issues relating to fumigation and foliar application of pesticides, seed treatment is being increasingly considered by farmers as a mode to protect the high investments made on good quality seeds. Owing to the increasing demand for high-quality seeds with desirable agronomic traits, the cost of seeds is increasing. Both companies and farmers are ready to spend extra for seed treatment solutions to save costly high-quality 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 part of the overall cost. Insecticidal seed treatment is an effective solution for farmers because good quality seeds lead to a better produce.
The North American seed treatment market accounts for 48% of the global insecticidal market and United States holds the largest market value, followed by Canada. Canada is the fastest growing market for insecticidal seed treatment in North America. The demand for higher yield has increased in the North American market, as the consumption of crops is on the rise, thereby, increasing the demand for the seed treatment market in the United States. Increasing farm size and decreasing crop rotation are the major factors which are leading to an increase in the demand for the seed treatment products in North America.
Major Players: Adama Agricultural Solutions Ltd, Advanced Biological Marketing Inc., BASF SE, Bayer CropScience AG, Bioworks Inc., Novozymes A/S, and Syngenta International AG, among others.
1. Introduction
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 Drivers
3.1.1 Increasing Costs of Seeds and Other Agrochemicals
3.1.2 Development of New Products
3.1.3 Reduced Economic Risk and Increased Profitability
3.2 Restraints
3.2.1 Lack of Awareness about the technology
3.2.2 Stringent Government Regulations
3.2.3 Ban on Some Products
3.3 Porter’s Five Forces Analysis
3.3.1 Bargaining Powers of Buyers
3.3.2 Bargaining Powers of Suppliers
3.3.3 Threat of New Entrants
3.3.4 Threat from Substitute products
3.3.5 Competition Rivalry
4. Market Segmentation
4.1 By Application
4.1.1 Chemical
4.1.2 Non-Chemical
4.2 By Geography
4.2.1 North America
4.2.1.1 US
4.2.1.2 Canada
4.2.1.3 Mexico
4.2.1.4 Rest of North America
4.2.2 Europe
4.2.2.1 Spain
4.2.2.2 United Kingdom
4.2.2.3 France
4.2.2.4 Germany
4.2.2.5 Italy
4.2.2.6 Rest of Europe
4.2.3 Asia-Pacific
4.2.3.1 China
4.2.3.2 Japan
4.2.3.3 India
4.2.3.4 Australia
4.2.3.5 Rest of Asia-Pacific
4.2.4 South America
4.2.4.1 Brazil
4.2.4.2 Argentina
4.2.4.3 Rest of South America
4.2.5 Africa
4.2.5.1 Egypt
4.2.5.2 South Africa
4.2.5.3 Rest of Africa
5. Competitive Landscape
5.1 Most Adopted Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
6. Company Profiles*
6.1 Adama Agricultural Solutions Ltd.
6.2 Advanced Biological Marketing Inc.
6.3 BASF SE
6.4 Bayer Cropscience AG
6.5 Bioworks Inc.
6.6 Brettyoung Limited
6.7 Chemtura Agrosolutions
6.8 DowDuPont
6.9 Germains Seed Technology
6.10 Incotec Group BV
6.11 Monsanto Company
6.12 Novozymes A/S
6.13 Nufarm Ltd
6.14 Plant Health Care
6.15 Precision Laboratories LLC
6.16 Syngenta International Ag
6.17 Valent Usa Corporation
6.18 Verdesian Life Sciences
6.19 Wolf Trax Inc
*List not Exhaustive
7. Future Outlook Of the Market
8. Appendix
9. Disclaimer
