(PRWEB UK) 7 May 2013
The seed treatment market consists of crop protection chemicals or agrochemicals, specifically for seeds, and genetically modified (GM) crop-seeds. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Seed treatment market is further classified as insecticides (chemical), fungicides (chemical), bio-control seed treatments, and other seed treatment chemicals.
Chemical seed treatments, which are typically manufactured from petrochemical or inorganic raw materials, are further segmented as insecticides, fungicides, and other chemical seed treatments. The market is dominated by chemical insecticides, accounting for over 52.2% of the total seed treatment demand in 2012. The fungicide seed treatments market is growing at a CAGR of 10.5% and is expected to reach $232.4 million by 2018. The insecticides seed treatment market is projected to reach $338.3 million by 2018, growing at a CAGR of 10.1%
Rising GM seed prices and cost effectiveness of seed treatments over other crop protection methods are expected to drive the demand for the seed treatment market in the near future. However, an absence of centralized government regulations for treated seed and seed treatment active ingredient registration are expected to hamper the growth and demand for seed treatments in the next five years.
View the report:'Europe Seed Treatment Market: By Type (Chemical & Non-Chemical), By Application (Fungicide, Insecticide, Bio-Control And Others) And By Crop (Cereals, Oilseeds And Others): Trends, Forecasts And Technical Insights Up To 2018'