Regional Insights
North America is the largest regional segment and accounted for more than 40 % of the overall market share in 2013. The growing demand for corn and soybean in the manufacturing of biofuels is expected to drive market demand.
The demand in Asia Pacific is anticipated to grow rapidly at a CAGR of 10.6 % from 2015 to 2020. Rising awareness among farmers coupled with growing investments in R & D is expected to drive demand for these techniques.
Competitive Insights
The key players in the seed treatment market are Bayer and Syngenta which contributed over 60 % of the total global market share in 2014. The other industry players include Monsanto, DuPont, Nufarm and BASF. The industry is highly concentrated owing to the presence of a large number of small and large manufacturers. Manufacturers are now focusing on production of high-quality products coupled with an investment in new product development and getting patents registered.
See More Reports of this Category by Million Insights @ https:// www. millioninsights. com / industry / food