The global Seed Treatment Market is expected to expand remarkablyon account of growth of the agriculture industry. Fortune Business Insights haspublished a report, titled "Seed Treatment Market Size, Share and Global Trend byType (Synthetic Chemicals, Biologicals), By Function (Seed Protection, SeedEnhancement), By Application Technique (Seed Coating, Seed Dressing, SeedPelleting), By Stage of Seed Treatment (On-Farm, Off-Farm), By Crop Type(Cereals, Oilseeds, Fruits & Vegetables, Other Crops) and GeographyForecast till 2025" offering insights into various factors driving theglobal market. According to the report, the global Seed Treatment Marketis estimated to exhibit a noteworthy CAGR of 12.19% during the forecast period.In the start year i.e. 2017, the global market was worth US$ 5.33 Bn whereasby the end of 2025, the global market is likely to reach US$ 13.46 Bn.
Fortune Business Insights projects biological seed treatment towitness robust growth among other product types. This segment held 16.24% ofthe global Seed Treatment Market in 2017 and will continue to dominate themarket until 2025. The rising adoption of sustainable agricultural practicesacross the world is fueling demand for biological seed treatment among farmers.Consequently, biological seed treatment shows good results in different fieldtrials. Furthermore, this segment is likely to gain higher acceptance amongcrop producers. Among functions, seed enhancement is likely to remain strong asit increasingly involves usage of insecticides and fungicides. Rising focus onresearch and development (R&D) activities among industry stakeholders isexpected to drive the seed enhancement of crop plants.
North America Emerges Dominant in Global Seed Treatment Market
Among regions, North America is likely to dominate theglobal Seed Treatment Market and generate highest revenue by 2025. Theescalating demand for seed treatment methods in agriculture industry is theprimary reason responsible for driving the market in this region. The growingdemand with regards to organic food products is estimated to help the market togrow in Europe. The Seed Treatment Market in Asia Pacific isalso projected to grow at a considerable rate on account of the growingawareness among consumers regarding the use of seed treatment chemicals.Moreover, ongoing agricultural developments is driving the Seed TreatmentMarket in this region.
Growing Awareness Among Consumers Regarding Health to Drive theMarket
"Rising need to improve the crop quality and yield is thechief factor driving the Seed Treatment Market," said a lead analyst atFortune Business Insights. "In order to improve and achieve goodagricultural yield, advanced seed treatment machines are required," headded. With the advent of advanced technologies, farmers are likely to adoptnovel seed treatment methods, which in turn, will boost the market. Moreover,new seed treatment procedures can help in preventing soil and seed bornediseases and infections. In addition to this, these procedures can help toreduce seed germination time, thus improving the overall productivity ofcrops. The demand for organic fruits and vegetables is increasinglydriven by growing health awareness among consumers. Therefore, the market forseed treatment is projected to grow significantly as the production of organicfood increases. Government support to to eco-friendly and economical seedtreatment methods may contribute to the growth of the Seed Treatment Market inthe coming years.
Adoption of Development Strategies Will Help Companies to Expandtheir Global Footprint
Robust R&D activities, historical formation, and strongproduct portfolio helped Bayer CropScience to lead the Seed Treatment Market.These companies are planning to adopt strategies to improve their market share.Also, companies are indulging in R&D activities to develop a betterunderstanding with regards to the use of seed treatment methods.
Browse Complete Report Details Enabled with Complete Tables andFigures is Available:
https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156
