Globally, North America emerged as the major player in terms of insecticide based seed treatment with a share of 48% in 2016. North America represents the major producers of major seed treated crops such as corm/maize, wheat, potato and soybeans However, due to scope of the high rates of intensification presently under explored markets of Asia-Pacific and Africa, these markets are expected to grow at a higher rate during the forecast period. South America is also expected to record a higher CAGR resulting from externalities arising from efforts especially from Brazil and Argentina to increase production of crops aiming at global markets and resulting an increase in intensification
Increasing Costs of Seeds and Other Agrochemicals Driving the Market
The high costs associated with agrochemicals is a major factor that is driving the growth of the insecticidal seed treatment market, globally. 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 high investments made on good quality seeds. Owing to the increasing demand of 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 tied into the overall cost. Insecticidal Seed treatment is an effective solution for farmers, because good quality seeds lead to better produce.
North America Dominates the Market Share
The North American seed treatment market was accounting for 48% of 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 American market, as the consumption of crops is on the rise, thereby increasing the demand for the seed treatment market in the United States of America. Increasing farm size and decreasing crop rotation are the major factors which are leading to increasing in the demand for the seed treatment products in North America.
Major Players: ADAMA AGRICULTURAL SOLUTIONS LTD, ADVANCED BIOLOGICAL MARKETING INC., BASF SE, BAYER CROP SCIENCE AG, BIOWORKS INC., Novozymes A/S, and Syngenta International AG, among others.
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the global insecticidal seed treatment market and their growth trends during the forecast period
- The report outlines drives, 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, 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)
This report can be customized to meet your requirements.
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
3.1.1 Increasing Costs of Seeds and Other Agrochemicals
3.1.2 Development of New Products
3.1.3 Reduced Economic Risk and Increased Profitability
3.2.1 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
4.2 By Geography
4.2.1 North America
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
4.2.4 South America
184.108.40.206 Rest of South America
220.127.116.11 South Africa
18.104.22.168 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
6.9 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
- ADAMA AGRICULTURAL SOLUTIONS LTD.
- ADVANCED BIOLOGICAL MARKETING INC.
- BASF SE
- BAYER CROPSCIENCE AG
- BIOWORKS INC.
- BRETTYOUNG LIMITED
- CHEMTURA AGROSOLUTIONS
- GERMAINS SEED TECHNOLOGY IncOTEC GROUP BV
- MONSANTO COMPANY
- NOVOZYMES A/S
- NUFARM LTD
- PLANT HEALTH CARE
- PRECISION LABORATORIES LLC
- SYNGENTA INTERNATIONAL AG
- VALENT USA CORPORATION
- VERDESIAN LIFE SCIENCES
- WOLF TRAX INC