(Food-Beverage-News.Com, April 13, 2017 ) According to the report " Global Seed Treatment Market ” published by Market Data Forecast, the global market is projected to reach USD 9600 million by 2021, at a CAGR of 10.68% from 2016 to 2021.
Seed Treatments are an excellent example of how the seed industry and crop protection industry are innovating for the future of modern agriculture. Seed treatment helps to control soil- and seed-borne infections and diseases. In addition, it improves the yield of crops, reduces germination time, and enhances overall productivity.
The driving factors for this market are the increasing population and food requirements, rise in cost of fertilizers & pesticides, and easier residue management. Shrinking arable land and lower crop yield due to pests has been resulted into increasing demand for seed treatment. Increase in prices of fertilizers and pesticides have fuelled the growth of seed treatment market.
Syngenta, Bayer CropScience and BASF are the top three players in the global seed treatment market. Other key players include Monsanto, BioWorks Inc, Valent USA Corp, Adama Agricultural Solutions Ltd, Advanced Biological Marketing Inc, Brettyoung Limited, Chemtura Agrosolutions, Dupont and Germains Seed Technology.
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