There has been a notable shift in the utilization of seed treatment chemicals from pesticide foliar sprays, owing to the high-productivity of crops underpinned by the seed treatment chemicals. Additionally, enhanced farming practices, improved plant growth, and better stress tolerance capacity of seeds are envisaged to drive the market growth.
Emerging seed enhancement techniques comprise of low active ingredients, which makes it environment-friendly. Rising awareness of the seed treatment techniques and rapid adoption of seed treatment chemicals have contributed to the growth of seed treatment chemicals market, which is foreseen to record a remarkable CAGR of over 5% through 2026. Aforementioned information has been extracted from a recently published report titled as, "Seed Treatment Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026", which is encapsulated in the comprehensive report catalog of Market Research Reports Search Engine (MRRSE).
North America is a dominant region for the seed treatment chemicals market, on account of large concentration of seed treatment chemicals producers in this region. Agricultural advancements in the region is also said to boost the market growth.
The primary aim of the study on seed treatment chemicals market is to offer a holistic view of the market to the stakeholders. The market is analyzed for the period 2018 to 2026, wherein 2017 is the base year and the period 2018 to 2026 is the forecast period. The market evaluation has been done in volume (tons) and value (US$ Mn).
The market study begins with an executive summary, which lends a brief scope of the market. Several microeconomic and macroeconomic factors impacting the market growth have been analyzed in the report. The market study comprises demand drivers, opportunities, threats, and restraints influencing the market growth. Market attractiveness has been evaluated by analyzing the market on the basis of type, function, application, and region.
A brief analysis of the value chain and Porter's five forces have been included in the report, in order to understand the competitive matrix prevailing in the seed treatment chemicals market. Depending on the function, the market is segmented into seed protection and seed enhancement. On the basis of type, the market is classified into pesticide seed treatment chemicals and biostimulant seed treatment chemicals. Depending on the application, the market is divided into fruits and vegetables, oilseeds and pulses, cereals and grains, among others.
On the basis of the regions, the market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The market study included a detailed analysis of the market size of the regions, besides the recent developments in this region.
The leading companies profiled in the report include Bayer AG, BASF SE, DowDuPont Inc., Germains Seed Technology, FMC Corporation, Nufarm Limited, Syngenta AG, Platform Specialty Products Corporation, Valent U.S.A. LLC (Sumitomo Chemical Company, Limited), and UPL Limited. The report encapsulates overview of these companies, along with their business strategies, key trends, recent developments, and market value.