The global market for seed treatment in wheat was estimated to be USD 1105.76 million in 2017 and is expected to sustain a CAGR of 10.4% during the forecast period (2018 – 2023). The major wheat producing nations include China, India, Russia, USA, and France. Fungicide seed treatments can help in reducing losses caused by seed transmitted and soil-borne fungal diseases of wheat. The major seed-transmitted fungal diseases of wheat include common bunt (stinking smut), loose smut, black point, ergot, and diseases caused by Fusarium. The increasing awareness of the benefits of seed treatments on productivity is opening up new and emerging markets in the Asia-Pacific region and the supportive government policies are driving the wheat seed treatment market.
Since the medieval times, the seed demand for the self-pollinated wheat crop was fulfilled by traditional methods, wherein farmers saved one-quarter of their wheat harvest as seed for the next crop. The global average seed use comprises of around 6-8% of the total output. The highest increase in demand of wheat seed has been seen in Asia, the increase is majorly due to the increase in population. Global trade for wheat seed has been rising as the higher exports from Russia, Argentina, and Canada easily offset the reduced exports from the US. Projected imports have increased for Indonesia and several African countries, while they have reduced for India, Iran, Brazil, and Mexico. Indonesia’s imports have also increased, from 1.0 million metric ton to 12.5 million metric ton, as a result of a surge in both food and feed use. Indonesia is now the leading global wheat importer surpassing Egypt, the traditional leader.
The North American seed treatment market for wheat is dominated by the United States, estimated to account for more than half the market share. However, in terms of the fastest growth in demand for seed treatment in wheat, Mexico is likely to outpace other North American markets. Syngenta, Bayer CropScience, and BASF are the top three players in the North America seed treatment market, with all of them having an extensive portfolio of agricultural products and solutions related to wheat.
Major Players: Adama Agricultural Solutions Ltd (Israel), Advanced Biological Marketing Inc. (United States), BASF SE (Germany), Bayer CropScience AG (Germany), Bioworks Inc. (United States), and Brettyoung Limited (Canada), among others.
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