San Francisco, California (PRWEB) August 07, 2014
The global market for seed treatment (http://www.grandviewresearch.com/industry-analysis/seed-treatment-market) is expected to reach USD 5.61 billion by 2020, according to a new study by Grand View Research, Inc. Seed treatment demand is expected to increase due to growing need for protection of high cost seeds in the market. Additionally, effective control over seed or soil borne diseases and infections due to seed treatments will also boost the overall market. Technological development with regards to seed treatment across the crop life cycle is expected to augment the growth of the market.
Insecticide treatment was the largest segment accounting for USD 1.57 billion of revenue in 2013. Cost effectiveness and ease of use are key factors for increasing popularity of insecticide treatment in the seed treatment market. Non-chemical seed treatment is expected to grow at a CAGR of 10.3% from 2014 to 2020 due to consumer awareness regarding non-chemical products benefits to the environment and human health.
Further key findings from the study suggest:
About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
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Grand View Research, Inc