North America seed treatment constitute 54.6% of Global Seed Treatment market and are poised to grow its market share to 53.5% by the end of year 2018.
(PRWEB) June 02, 2014
North America is the largest market in the global seed treatment industry. Seed treatment products are one of the few fastest-growing sectors of the crop protection market in North America.North America is the largest consumer of seed treatment products,having a market share of more than 55% of the total market. However, in recent years, a highly stringent regulatory framework on the registration and commercialization of pesticides, set out by the EPA (Environmental Protection Agency) and USDA (United States Department of Agriculture), has led to a growth of the seed treatment market in these regions. The U.S. was the most dominant market in North America, and accounted for about 90% of the total North American market for seed treatment in 2012.
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Europe Seed Treatment Market
Europe is one of the largest consumers of seed treatment products globally, owing to a large cultivated land area. Europe remains a major importer and consumer of biotech products, which primarily consist of soybean and maize/corn products used in animal feed and human food. The European market is dominated by the chemical seed treatment segment, which accounted for about 98% of the overall market in 2012. The U.K. is a key market for Western Europe and accounted for 8.8% of the total European crop protection chemical consumption in 2012.
Asia Pacific Seed Treatment Market
Asia-Pacific holds about 7% of the global seed treatment market. Being the worlds largest as well as the most populous continent, Asia-Pacific is one of the key markets for the seed treatment industry. Asia-Pacific accounts for almost 30% of the land available on Earth, and about 60% of the human population. In order to meet the food requirement of this huge population, the use of agrochemicals has increased significantly in the region. In addition to this, the decreasing arable land per person in India, China, and especially South East Asia, is a very serious concern. The Australian Seed Federation supports the fact that seed treatment provides value addition to seed in terms of safe emergence, seedling establishment, crop stands, yield, and crop quality.
Latin America Seed Treatment Market
Latin America is an emerging agricultural powerhouse, growing at a pace above the average global growth rate. The growth in Brazil and Argentina, which are the world’s most potent agricultural producers, contributes to the growth in this region, which is expected to grow well above the regional average. The availability of arable land and an expansion of farmland, especially in Brazil, Argentina, and Chile, are promising the future growth of this market. Moreover, the need to improve the per hectare crop yield is another opportunity for the growth of the crop protection chemicals market in Latin America.
Europe Swine Feed Market
In terms of consumption, Europe is the leading market in the world for swine feed and feed additives. Often, it has been used as a productivity enhancer in livestock. The swine feed and feed additives market is advanced and highly-regulated, especially in western parts of the region. The future of the swine feed and feed additives market in Europe is promising due to the increasing focus of various governments on feed cost reduction and boosting animal productivity. The methods and structures of pork production have increased over the years, and hence animal genetics, animal health, production equipment, and overall hygiene are continually being improved.
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