Seed treatment is a process of treating seeds with chemicals and non-chemical methods before plantation. It is an ecofriendly way of using small amount of insecticide and fungicides. The North America seed treatment market was worth around $139.8 million in 2016 and is expected to cross $244.7 million by 2022 growing at the CAGR of 9.8% during the forecast period 2017-2022.
The demand for crops has stimulated due to rise in the consumption of crops. Rise in the cost of seeds is one of the factor alluring the market. Increase in farm sizes along with crop rotations getting shorter are expected to drive the demand for seed treatment market. Canada and United States have been the growth engines that are driving the North American market.
Limited dose capacity along with limited shelf life are some of the constraints of the seed treatment market. Awareness on the impact of biological seed treatment created an opportunity for seed treatment market.
North America has been witnessing a sustained demand for seed treatment and is among the fastest growing global market after Asia Pacific over the coming half-a-decade. The North American market for seed treatment is projected to reach US$244.7 million by 2022. The United States constitutes the largest market for seed treatment in North America. During the forecast period fastest CAGR is anticipated to be recorded by demand for seed treatment in Mexico.
By application segment, biological seed treatment is estimated to be the fastest CAGR among the non-Chemical agents.
Corn/maize is the leading type of crop for seed treatment applications in North America, estimated to account for 32.1% of the total demand in 2015. In terms of CAGR between 2017 and 2022, however, demand for seed treatment applications in canola is expected to be the fastest among all crop types at 9.7%.
Key Industry Players
Adama Agricultural Solutions Ltd (Formerly MakhteshimAgan Industries Ltd), Advanced Biological Marketing Inc, BASF SE, Bayer CropScience AG, BioWorksInc, BrettYoung Limited, ChemturaAgroSolutions, DuPont, 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, Valent USA Corporation and Wolf TraxInc.A few have focused on horizontal growth by expanding their presence in emerging markets that offer greatest scope for future prospects, while yet others have been content to operate within their established boundaries and go in for vertical growth by concentrating on innovations in the area of products and solutions.
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