Published By : 19 May 2016 | Published By : QYRESEARCH
The global seed treatment market is experiencing a rapid growth due to the rising awareness about the benefits of seed treatment over spraying pesticides on crops directly. Seed treatment involves the application of chemical or biological active ingredients to seeds before packing them in order to eliminate or repel pests and insects. Disinfection of seeds is essential in order to sterilize them from soil borne pathogenic organisms, which can be harmful when consumed or left untreated.
According to a report published by a market intelligent company called Transparency Market Research (TMR), the global seed treatment market is expected to expand at a 9.2 % CAGR from 2012 to 2018 due to a growing demand for cost effective and efficient form of disinfecting seeds. The market was worth US$2.43 bn in 2011 and is expected to rise to US$4.45 bn by 2018.
Rising Developments in the Field of Agriculture to Drive Seed Treatment Market
The global seed treatment market is primarily driven by an increase in the population. The growth in the commercial seeds market is another factor impacting the global seed treatment market positively. The cost effectiveness of the seed treatment method is also leading to a wider adoption of this method for disinfecting seeds. Rising technological developments in the agriculture field and an overall increase in the farming activities have led to the significant growth of the global seed treatment market.
North America leading the Market in Seed Treatment
The global seed treatment market is segmented on the basis of geography, crop type, and treatment type. On the basis of geography, the market is segmented into North America, Asia Pacific, Europe, Latin America, and Rest of the World, of which North America was the leading market in seed treatment in 2011, followed by Latin America. The market in Asia Pacific is expected to expand at a 10.2% CAGR from 2012 to 2018 due to expected high demands from countries such as India and China.