Chemical Seed Treatment Market Size , Share , Trends , Analysis and Forecasts To 2022
Global Chemical Seed Treatment Market size is valued at $ 2.56 billion in 2015 and is expected to reach $ 4.09 billion by 2022 growing at a CAGR of 6.9 % between 2015 and 2022 . Growing food demand and not much adequate supply had given rise to the need for better crop-science techniques . Rising seeds cost and change in climatic conditions are enforcing the cultivators to opt for cost-effective techniques ; these factors are fueling the market . Moreover , increase in farm size ; regulatory requirements and usage of multi-component products are driving the market . Environmental concern is one of the major drawbacks that is hampering the market .
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Insecticide segment is estimated to be the largest revenue generating market owing to the increasing cases of crop failure due to insects / parasites attack . However , the cereals and grains segment is expected to be the fastest growing market due to the increase in global demand for food supplies . Whereas , the North America is accounted for the largest revenue generating region because of the large availability of cultivation land and its being the largest producer of seed treatment as well .
Some of the major players of the chemical seed treatment market include Adama Agricultural Solutions Ltd , BASF SE , Bayer CropScience AG , Chemtura AgroSolutions , DOW chemical Company , DuPont , Germains Seed Technology , Monsanto Company , Novozymes A / S , Nufarm Limited , Plant Health Care , Precision Laboratories LLC , Sumitomo Chemical Company Limited , Syngenta International AG and Valent USA Corporation .
Applications Covered : Fungicides Insecticides Bio-Control Other Applications
Crops Covered : Rice Cotton Soybean Wheat Corn