The global SeedTreatment Market is expected to expand remarkably on account of the growthof the agriculture industry. Fortune Business Insights has published a report,titled "Seed Treatment Market Size, Share and Global Trend by Type(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 market isestimated to exhibit a noteworthy CAGR of 12.19% during the forecast period. Inthe start year i.e. 2017, the global market was worth USD 5.33 billion whereas,by the end of 2025, the global market is likely to reach USD 13.46 billion.
Fortune Business Insights projects biological seed treatmentto witness 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 EmergesDominant 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 the Asia Pacific is alsoprojected to grow at a considerable rate on account of the growing awarenessamong consumers regarding the use of seed treatment chemicals. Moreover,ongoing agricultural developments is driving the Seed Treatment Market in thisregion.
Growing AwarenessAmong Consumers Regarding Health to Drive the Market
Rising need to improve the crop quality and yield is thechief factor driving the Seed Treatment Market, said a lead analyst at FortuneBusiness Insights. In order to improve and achieve good agricultural yield,advanced seed treatment machines are required, he added. With the advent ofadvanced technologies, farmers are likely to adopt novel seed treatmentmethods, which in turn, will boost the market. Moreover, new seed treatmentprocedures can help in preventing soil and seed borne diseases and infections.In addition to this, these procedures can help to reduce seed germination time,thus improving the overall productivity of crops. The demand for organic fruits and vegetablesis increasingly driven by growing health awareness among consumers. Therefore,the market for seed treatment is projected to grow significantly as theproduction of organic food increases. Government support to to eco-friendly andeconomical seed treatment methods may contribute to the growth of the SeedTreatment Market in the coming years.
Adoption ofDevelopment Strategies Will Help Companies to Expand their 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 CompleteReport Details Enabled with Complete Tables and Figures is Available:
https://www.fortunebusinessinsights.com/industry-reports/seed-treatment-market-100156
