Seed treatments are used to provide protection against soil & seed-borne diseases and infections.
These procedures help in increase resistance against infections from pathogens owing to which the
demand is expected to remain high over the forecast period.
The formulations and registrations of seed protection products take a lot of time resulting in a huge
cost for manufacturers. Rigid government protocols about the usage of ingredients and registration
of these products can act as a major restraint to the market growth over the forecast period.
Crop Type Insights
The crop segments in the market comprise Corn, Soybean, Wheat, Canola and Cotton. The largest
share was held by corn on account of growing application of corn in the manufacturing of biofuels
and starch derivatives.
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Canola is projected to witness the market growth at CAGR of 10.3% from 2015 to 2020. Canola used
in the manufacturing of biofuels and the oil extracted from canola is attracting attention as it is free
from cholesterol and contains low saturated fat content.
Treatment Type Insights
Insecticides treatment dominated the seed treatment market share by accounting over 50% globally
in 2013. Seed protection is used to protect the crops from bacteria, rot, fungi and aphid. Insecticide
treatment is economic and includes simple execution practices owing to which its demand is expected
to grow over the forecast period.
Nonchemical type expected to be a fastest growing segment with a CAGR of 10.3% from 2015 to 2020.
The demand for non-toxic type is increasing because of growing adoption of organic farming
techniques. Increasing awareness regarding harmful effects of seed treatments to human health and
surrounding environment is expected to drive the demand for non-chemical treatment.