Seattle, WA -- (SBWIRE) -- 11/07/2019 -- Seed treatment involves use of chemicals such as Metalaxyl 35 WS, Imidaclorpid 48% FS and others to biologically enhance and protect the seeds. The approach is primarily used to prevent seeds and plants from soil borne infections, blight and root rot, fungal disease, termite bunt, false smut, loose smut, and others diseases. Fungicide seed treatment is used to protect seedlings from both soil and seed pathogens that reside on the seed surface or in the inner part of the seed. Soil-borne pathogens infect the seed or seedling, thereby promoting growth of both parasitic and non-parasitic diseases.
Increasing demand for genetically modified seeds is one of the major factors boosting growth of the seed treatment fungicides market. Moreover, increase in feedstock fuelling demand for biofuel and feed and high adoption of fungicides to enhance crop yield is also expected to propel growth of the market.
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However, high number of farmers using treated seeds is expected to hinder growth of the market. For instance, in 2013, a study conducted by the Agricultural Health Study (AHS) in Iowa and North Carolina reported that about 90% of the farmers used treated seeds and only 35% of the farmers were using fungicides as treated seeds are abundantly available and there is a large number of suppliers compared to fungicides manufacturers. According to FAO, Iowa was the leading country in corn production in 2015, closely followed by Illinois and Nebraska. Iowa and Illinois each produced about 2 billion bushels of corn crop in 2015 while Minnesota and Indiana, produced over 1 billion bushels of corn in 2015.
Seed Treatment Fungicides Market Taxonomy:
On the basis of crop type, global seed treatment fungicides market is classified into:
- Fruits & Vegetables
- Cereals & Grains
- Flowers & Ornaments
- Oil Seeds
On the basis of product types, global seed treatment fungicides market is classified into:
- Biological agents
- Captan
- Carboxin
- Difenoconazole
- PCNB
- Others
On the basis of processes, global seed treatment fungicides market is classified into:
- Seed Dressing Fungicides
- Seed Coating Fungicides
- Seed Pelleting Fungicides
- Others
Increasing demand for seed treatment fungicides from the food & beverage industry and those dependent on agricultural feed is expected to fuel growth of the seed treatment fungicides market. Advantages such as low cost and easy procedure compared to others boosts adoption of fungicides in seed dressing. Cheap earthen pots can be used to combine pesticides with seed. Moreover, required amount of chemicals can be sprinkled on seeds that are spread on a polythene sheet. Seed dressing fungicides technique is a biological process and is used in various crop types such as in sugarcanes, pigeon pea, tomato, and chilies.
Market Outlook
1. The market growth in North America is primarily driven by the U.S. as the country is the leading consumer of seed treatment fungicides. Regulatory bodies in the region are focused on reducing or curbing the use of agrochemicals through stringent regulations and increasing consumer awareness towards the presence of fertilizer residues in the produce. According to the National Association of State Departments of Agriculture (NASDA); smuts and seedling-blight diseases caused in wheat, barley, oats, and others are controlled by seed treatment fungicides, which helps to kill the infections inside the seed during germination. Increasing production of crops as feedstock for biofuels also increases use of seed treatment fungicides in North America. For instance, U.S. is a leading producer of maize, which is used for biofuel.
2. The market in Asia Pacific is expected to witness the fastest growth over the forecast period. According to Food and Agriculture Organization of the United Nations, in 2017, China and India are the leading producers of wheat across the globe. Therefore, key players in the market are focused on starting their agrochemicals units in the region to expand their presence. For instance, in August, 2017, BASF introduced the first strobilurin fungicides in the market to provide more control over the fungal pathogens. The other product named Stamina gives wheat and barley seeds the right start in cold conditions with high disease control to deliver a healthier and stronger plant. Increasing development in generations of fungicides such as strobilurins is also expected to boost growth of the seed treatment fungicides market in Asia Pacific during the forecast period.
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3.The market in Latin America is driven by high production of crops such as corn, soybean, sorghum, and others in countries such as Brazil and Argentina. According to U.S. Department of Agriculture, Brazil corn production was estimated at 94.5 million metric tons in 2017 and Argentina corn production for 2017 is estimated at 36 million metric tons. Therefore, farmers are focused on improve crop yield and decreasing the losses caused due to fungus and other external factors by increasing the use of seed treatment fungicides. Key players in the market such as Glencore, Cargill, and Bunge are focused on investments to develop advanced products, which is also expected to boost growth of the seed treatment fungicides market in this region.
Key players operating in the seed treatment fungicides market include, BASF SE, Syngenta AG, Nufarm Limited, Glencore, Cargill, Inc., Bunge Limited, Bayer Crop Science AG, and Platform Specialty Products Company, and Monsanto Limited.
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