(Food-Beverage-News.Com, January 05, 2017 ) According to the report " Asia-Pacific Seed Treatment Market ", published by Market Data Forecast, the global market is projected to reach USD 887 million by 2021, at a CAGR of 11.28% from 2016 to 2021.
The Asia-Pacific region accounts for a share of around 9% in the global seed treatment market. Countries such as China and India are anticipated to show a robust growth in terms of agricultural production. Most countries in this region are yet to institute an appropriate system for registration, production, and sales of seed treatment.
There are fundamentally three types of seed treatments: physical, biological, and chemical. Contingent on the requirement, seed treatment products are intermixed and utilized in variable proportions. Seed treatment helps in limiting soil and seed-borne contagions and diseases. It also enhances the yield of crops, decreases germination time, and improves overall output.
Biological seed treatments are developing as a growth market in the Asia-Pacific region. Farmers in this region are implementing organic methods which have a lower environment impact which is driving the market. Rapid development of biological seed treatments will increase growth potential as vendors are gradually investing in R&D to develop environment-friendly, economical, and energy-efficient treatment techniques. Major restraints for the market in this region are regulatory structure interference regarding entry and concerns for the environment.
Syngenta, Bayer CropScience and BASF are the top three players in the global seed treatment market. Other key players include Monsanto, Valent USA Corp, Advanced Biological Marketing Inc, BioWorks Inc, Adama Agricultural Solutions Ltd, Brettyoung Limited, Chemtura Agrosolutions, Dupont and Germains Seed Technology.
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