種子殺虫処理の世界市場 - 成長率、動向および予測
Global Insecticidal Seed Treatment Market - Global Industry Growth, Trends and Forecasts (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||319259|
|出版日||ページ情報||英文 150 Pages
|種子殺虫処理の世界市場 - 成長率、動向および予測 Global Insecticidal Seed Treatment Market - Global Industry Growth, Trends and Forecasts (2018 - 2023)|
|出版日: 2018年03月01日||ページ情報: 英文 150 Pages||
As of 2016, the global insecticidal market was valued 2.27 billion registering a CAGR of 8.5% during the forecast period 2017-2023.North America is the largest market accounting for 48% of global insecticidal market in 2016, and Asia-Pacific is anticipated to register fastest CAGR of 10.5%
Globally, North America emerged as the major player in terms of insecticide based seed treatment with a share of 48% in 2016. North America represents the major producers of major seed treated crops such as corm/maize, wheat, potato and soybeans However, due to scope of the high rates of intensification presently under explored markets of Asia-Pacific and Africa, these markets are expected to grow at a higher rate during the forecast period. South America is also expected to record a higher CAGR resulting from externalities arising from efforts especially from Brazil and Argentina to increase production of crops aiming at global markets and resulting an increase in intensification
Increasing Costs of Seeds and Other Agrochemicals Driving the Market
The high costs associated with agrochemicals is a major factor that is driving the growth of the insecticidal seed treatment market, globally. With higher regulatory issues relating to fumigation and foliar application of pesticides, seed treatment is being increasingly considered by farmers as a mode to protect high investments made on good quality seeds. Owing to the increasing demand of high-quality seeds with desirable agronomic traits, the cost of seeds is increasing. Both companies and farmers are ready to spend extra for seed treatment solutions to save costly high-quality seeds.
Earlier, a growth percentage of 85% was expected by farmers as some of the seeds would rot or be destroyed by insects. With changing trends and 100% seed emergence expectation by growers even in unfavorable conditions, treatment of seed has become a necessity. Top players in the market are constantly focusing on the development of superior quality seeds through modern breeding techniques, thereby increasing the cost of the seeds. Replanting of seeds due to poor germination or insect attack is expensive; the high cost of labor requirements is also tied into the overall cost. Insecticidal Seed treatment is an effective solution for farmers, because good quality seeds lead to better produce.
North America Dominates the Market Share
The North American seed treatment market was accounting for 48% of global insecticidal market and United States holds the largest market value followed by Canada, Canada is the fastest growing market for insecticidal seed treatment in North America, The demand for higher yield has increased in the American market, as the consumption of crops is on the rise, thereby increasing the demand for the seed treatment market in the United States of America. Increasing farm size and decreasing crop rotation are the major factors which are leading to increasing in the demand for the seed treatment products in North America.
Major Players: ADAMA AGRICULTURAL SOLUTIONS LTD, ADVANCED BIOLOGICAL MARKETING INC., BASF SE, BAYER CROP SCIENCE AG, BIOWORKS INC., Novozymes A/S, and Syngenta International AG, among others.
Reasons to Purchase the Report
To have an understanding of the fastest growing regions in the global insecticidal seed treatment market and their growth trends during the forecast period
The report outlines drives, restraints and trends that are currently affecting the market
Analyzing various perspectives of the market with the help of Porter's five forces analysis
The report covers in-detail insights about the competitors overview, company share analysis
Identify the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support, along with the Market Estimate sheet (in Excel)
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