Valued at $4.82 billion in 2014, the seed treatment market is expected to grow at a compound annual growth rate (CAGR) of 10.8 percent by 2020, according to a recently released report from research firm, MarketsandMarkets.
The “Seed Treatment Market - Global Trends & Forecast to 2020" report said North America led the global seed treatment market in 2014, with the U.S. as a major producer.
With regard to the application of seed treatment, Latin America was second and is expected to grow at a CAGR of 11.1 percent by 2020.
Seed treatments are used to conduct integrated pest management program for sustainable agriculture since they target the pests and diseases without introducing their active ingredients into the atmosphere. Without the use of seed treatment, growers would have difficulty controlling certain seed- and soil-borne pests and diseases
The expected growth in the seed treatment market is tied to the increasing global population and food requirements, rise in cost of fertilizers and pesticides, and easier residue management.
The leading players in the market include Syngenta AG in Switzerland; Bayer CropScience AG and BASF SE, both in Germany; Sumitomo Chemical Co. Ltd in Japan; Nufarm Ltd. in Australia; and Platform Specialty Products Ltd. in the U.S.
More Stories
- CALIFORNIA DEPARTMENT OF FOOD & AGRICULTURE: CDFA Announces one Vacancy on the Citrus Pest and Disease Prevention Committee
- AMERICAN FARM BUREAU FEDERATION: Support Ag Literacy Through the AFB Foundation for Agriculture’s Online Silent Auction
- AMERICAN FARM BUREAU FEDERATION: Farm Bureau: Members Accept Leadership Roles on National Committees
- CALIFORNIA DEPARTMENT OF FOOD & AGRICULTURE: CDFA Office of the Farm to Fork Invites Application for 2021 Farm to School Grants
- CALIFORNIA DEPARTMENT OF FOOD & AGRICULTURE: CDFA Awards Funding to Support Agricultural Education and Leadership Opportunities as part of the Calag Plate Program
- AMERICAN FARM BUREAU FEDERATION: AFBF Welcomes Nomination of Katherine Tai for U.S. Trade Representative
- CALIFORNIA DEPARTMENT OF FOOD & AGRICULTURE: CDFA Announces Vacancies on Feed Inspection Advisory Board Technical Advisory Subcomittee
- AMERICAN FARM BUREAU FEDERATION: AFBF Stands-Up for Farmers in Predatory Shakedown
- CALIFORNIA DEPARTMENT OF FOOD & AGRICULTURE: CFDA Issues Stop Use Notice and Statewide Quarantine on Organic Fertilizer AGRO Gold WS
- AMERICAN FARM BUREAU FEDERATION: Registration Open for American Farm Bureau Virtual Convention, Featuring Mike Rowe, Rorke Denver and Beth Ford