Seed
Treatment Market – Insights
Seed
treatment involves application of pesticides to seeds for protecting
them from diseases caused due to various organism and insects.
Treating seed with pesticides is important, as it improves health of
crops. Major factors driving growth of the market include low-cost of
crop production and less environmental impact of seed treatment.
During the seedling development stage, crop seeds are exposed to
adverse environmental conditions. Seed treatment reduces the
environmental impact of the manufacturing process by reducing the
spray applications of crop protection products and decreasing
exposure to non-target species including pollinators and humans.
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According
to American Seed Trade Association (ASTA), the exposure of potential
soil surface to pesticides is reduced by around 90% or more as
compared to other application methods such as broadcast sprays or
in-furrow applications. However, although seed treatment is a
cost-effective crop protection technique, it is not efficient if
presence of pest is high. Hence, the low shelf life of the treated
seeds and limited protection are major factors restraining market
growth.
Seed
treatment is segmented on the basis of crop type in cereals &
grains, sugar beets, alfalfa, oil seeds, sugarcane, and vegetables.
Cereals & grains segment is expected to account for the highest
revenue share over the forecast period, due to its increasing
consumption by global population. According to the United States Food
and Agriculture Organization, the global cereal consumption was 38
million tonnes in 2016 and was increased by 1.5% in 2017.
Furthermore, seed treatment is segmented on the basis of applications
such as insecticides, fungicides, herbicides, fertilizers, and
bio-control. Herbicides accounted for the largest revenue share in
2016, owing to its easy application and low cost. According to
Federation of Indian Chambers of Commerce & Industry, herbicides
accounted for 16% of the total crop protection chemicals market in
2015.
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Latin
America is a dominant region in the global seed treatment market and
was valued at US$ 6,199.6 Mn in 2016. Brazil is a global soybean
producer and around 98% of soybean seeds in Brazil are treated with
fungicides and insecticides. This factor is considered as a major
driver for the growth of seed treatment market in this region.
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