The North America soybean seed treatment market is estimated to witness a robust growth during the forecast period (2018 – 2023). The US is the largest producer of soybean in the world. Canada is another major producer of soybeans and was estimated to be the seventh-largest producer in the world in 2017. Seedling diseases, like Phytophthora and Pythium, are the major threats to soybean in the US, therefore, seed treatment forms a major part of soybean cultivation in the country.

Increasing Production in the US

The production of soybeans has been on the rise in the US. Estimates show that there was a 3% increase in soybean production in the country in 2016 – 2017 and a 12% increase in production in 2014 – 2017. The increase in production can be attributed to the increase in domestic as well as the international demand of soybean and its multilateral importance. The increase in production also increases the chances of diseases and pest infestations, thereby, leading to an increase in the demand for seed treatment products.

Usage of Neonicotinoids in Soybeans

In 2016, a few scientists from the Mississippi State University conducted field trials to check the benefits of the usage of neonics in soybeans. The results reflected that the yields were 203 kg/hectare higher in Louisiana, 165 kg/hectare higher in Mississippi, 112 kg/hectare higher in Arkansas, and 70 kg/hectare higher in Tennessee. The primary neonicotinoid seed treatments for soybeans are imidacloprid and thiamethoxam. The highest use, in terms of acres treated and pounds applied for both imidacloprid- and thiamethoxam-treated seeds, was found to be in the Com Belt, followed by the Northern Plains.

Major Players: Syngenta AG, Bayer CropScience, DowDupont, Nufarm US, Monsanto, Adama, and BASF among others.

Reasons to Purchase the Report

• To have an understanding of the fastest growing regions in the North America soybean seed treatment market and their growth trends  during the forecast period
• The report outlines drivers, restraints, and trends that are currently affecting the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The report covers in-detail insights about the competitors’ overview and their company share analysis
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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