(PRWEB) June 30, 2014
The global market for seed treatment 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 environment and human health.
The report “Seed Treatment Market Analysis By Product (Chemical & Non-Chemical), By Application (Fungicide, Insecticide, Bio-control), By Crop (Cereals, Oilseeds) And Segment Forecasts To 2020” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/seed-treatment-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global seed treatment market on the basis of treatment type, crop type and region:
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The global Deep Packet Inspection (DPI) market is expected to reach USD 4,711.3 million by 2020, according to a new study by Grand View Research, Inc. Increasing penetration of mobile devices is expected to be the key driving force for the market over the next six years. DPI offers adequate bandwidth along with data security solutions and assists in prevention of malicious viruses and other malware, which is expected to drive global demand.
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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, http://www.grandviewresearch.com/.
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