The growing population has led to increasing consumption of food grain, putting pressure on the agriculture sector. In addition, changing dietary habits and rising meat consumption are driving the demand for feed production. Moreover, changing global food landscape is promoting the demand for seed treatment in food applications and high crop yield. With the arrival of clean energy and various regulation to reduce carbon emission worldwide, the use of biofuels has increased among the farmers. From the past few years, the ethanol industry has been witnessing significant growth in the developed countries and is also gaining momentum in the emerging economies.
Biofuel Production is Asking for Higher Agricultural Output
Global seed treatment market is segmented by type, crop type, function, and application technique.
On the basis of crop type, the global seed treatment market is segmented into cereals & grains, oilseeds & pulses, and other crop types. Oilseeds & pulses segment is expected to gorw at a significant rate following the high demand in the biofuel industry. The demand for biofuels is witnessing strong growth in countries like Brazil, China, and Thailand. Moreover, transport biofuel production has expanded by 7% in 2018, IEA. However, cereals & grains are accounting for a major market share due to high production wouldwide. For instance, in 2017, Europe produced approximately 310 million tonnes of cereals, the production was 6% higher than the last year, the Eurostat.
Asia pacific to Witnessing Sustainable Growth in Agriculture Sector
Geographically, the global seed treatment market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA).
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Asia Pacific is expected to witness significant growth during the forecast period. This can be accredited to high population base and high agriculture output. For instance, over 15 million farmers are engaged in the maize crop production in India, FICCI. Similarly, India is the largest producers of oilseeds, which accounts for 15% of the global oilseed production, Plant Archives Organization. In addition, India is the largest exporter of spices in the world, and it has exported spices worth USD 2.42 million , Indian Trade Portal. Apart from this, China is one of the major importers of feed as its pig and poultry industry has an unparalleled grain demand.
MEA is expected to witness healthy growth during the forecast period. Saudi Arabia and Egypt contribute 3.2% and 13.4% to agriculture production, respectively. In addition, crop residues are majorly underutilized energy sources in the region. Besides, South Africa has over 2 million small-scale farmers that are engaged in utilizing hybrid and genetically modified seeds. Moreover, in Africa, insects and weeds destroy over 25% of the crop. Thus the region has a heavy demand for insecticide.
Some of the key players in the global seed treatment market are Germains Seed Technology (U.S.), Syngenta (Switzerland), Bayer (Germany), BASF SE (Germany), Corteva Agriscience (U.S.), Monsanto Company (U.S.), Nufarm (Australia), FMC Corporation (U.S.), Sumitomo Chemical Co., Ltd. (Japan), UPL (India), and Croda International Plc (U.K.).
Increasing innovation in seed treatment technology is compelling the manufacturers to engage in different strategies. For instance, in 2017, DowDuPont Inc. launched three crucial seed treatment products for farmers in the U.S. and Canada. The market is consolidated with the presence of big players like Syngenta and Bayer. Moreover, bio-based seed treatment development is creating the potential for the market and manufacturers. For instance, in 2018, Marrone Bio Innovations, Inc. launched a bio-based seed treatment for high agricultural yield.
Seed Treatment Market Segmentation
By Crop Type
By Application Technique
The Middle East & Africa
Germains Seed Technology
Sumitomo Chemical Co., Ltd.
Croda International Plc
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