North America Tops the Chart in Global Seed Treatment Market Marketing Articles | July 9 Nike Air Force 1 Low Goedkoop , 2015
Seeds are treated with various anti-microbial or fungicidal chemicals prior to its application to field such as to provide it with extra protection from infestations..
Seeds are treated with various anti-microbial or fungicidal chemicals prior to its application to field such as to provide it with extra protection from infestations. Better stress tolerance, improved germination and increased vigour are some of the benefits that one derives from seed treatment. With the proper application of these products, farmers can realize greater yields Nike Air Force 1 High Heren Sale , healthier crops and higher revenues for the same seeds. The global seed treatment market was worth around $4.2 billion in 2015 and is expected to cross $6.4 billion by 2020 growing at the CAGR of 8.9% during the forecast period 2015-2020.
Geographically, North America is the major consuming region for the sector; the market is estimated to be USD 2.0billion currently. The market here is estimated to maintain momentum at a CAGR of 8.3% between 2015 and 2020. United States is the largest market in the region with a share of 88%. With the higher initiatives to economize agriculture sector, Mexico is leading the trend with a higher CAGR compared to US and Canada. Chemical agents are no doubt cover more than 90% of the seed treatment market Nike Air Force 1 High Heren Goedkoop , non-chemical and bio based agents category would see better growth in the coming years. As one of the major corn growing region in the world, maize consumes one-third of the products here.
France is the largest market for seed treatment in European region covering around 40% of total market share. Fungicide is the fast moving category in the market followed by insecticide application. Soybean crop due to its commercial utilization, is leading in crop type application. Environmental and regulatory constraints would drive the market for bio based non-chemical product development. Germany for export demand would register highest growth while Italy would experience lowest growth in the forecast period of five years.
Being the most populated and agriculture rich region Nike Air Force 1 High Dames Sale , Asia-Pacific is expected to grow exponentially in seed treatment market. China and India would lead the development in the region given the increasing need of higher productivity and yield in those countries whereas Japan would sustain the slowest growth. Chemical seed treatment products covers largest share of 93%. By crop type, wheat consumes most of seed treatment products. In India, rice crop accounts for one-third of the market demand for seed treatment. Other major crops in the region are corn Nike Air Force 1 High Dames Goedkoop , soybeans, cotton and canola.
South America is the second largest market globally for seed treatment, estimated at US$918 million in 2015. Both for growth and market share Nike Air Force 1 High Goedkoop , Brazil is dominating the regional market followed by Argentina. Non-chemical products are expected to show double digit growth figure in the region due to increased regulatory limitations to chemical application in the fields.
The market for seed treatment gains significance given the uncertainties surrounding the present day agriculture sector. Factors like seed availability, weather unpredictability, price fluctuation and new age pest and disease infestation http://www.airforce1goedkoop.com/ , applying agrochemicals only is not sufficient to ensure higher productivity. Seed treatment with its highly innovative biotechnological applications, makes it viable to ensure our future global food production potential.?
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