Global Rice Seed Treatment Market - Segmented by Geography - Growth, Trends and Forecasts (2018 - 2023)
|発行||Mordor Intelligence LLP||商品コード||319267|
|出版日||ページ情報||英文 180 Pages
|イネ種子処理の世界市場：成長、動向、予測 Global Rice Seed Treatment Market - Segmented by Geography - Growth, Trends and Forecasts (2018 - 2023)|
|出版日: 2018年02月08日||ページ情報: 英文 180 Pages||
The global Rice seed treatment market has been estimated to cross USD 261.1 million in 2016. The market is expected to register a CAGR of 8.5% during the forecast period, 2018 to 2023. North America is the largest consumer of seed treatment products for Rice, with an estimated share of just over 35% in 2015. However, demand for seed treatment in Rice is likely to be the fastest growing in Asia-Pacific, with a forecast 2018-2023 compounded annual rate of 11%.
Increasing demand and adoption of high quality seeds drives the market
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. The chemical seed treatment usage has increased from 5,391.35 tons of active ingredients in 2008 to 9,623.25 tons of active ingredients in 2013.
The introduction of GM seeds added high value to seeds, with the cost of seeds being high and sometimes being twice as much as that of non-GM 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.
Key Developments in the Market
February 2017, Marrone Bio Innovations, Inc. and Groundwork BioAg, Ltd. (Groundwork) announced successful seed treatment field trials of the world's first all-biological comprehensive seed treatment.
Major Key Players BASF SE (GERMANY), BAYER CROPSCIENCE AG (GERMANY), BIOWORKS INC (UNITED STATES), DUPONT (UNITED STATES), NOVOZYMES A/S (DENMARK), NUFARM LTD (AUSTRALIA)
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