Global Rise in the Export of Pesticides to Drive the Growth of Insecticide Seed Treatment Market

Insecticide Seed Treatment Market by Type (Chemical and Biological), Application Technique (Dressing, Coating, and Pelleting), Form (Liquid and Dry), Crop Type (Cereals & Oilseeds and Fruits & Vegetables), and Region - Global Forecast to 2022

(EMAILWIRE.COM, August 14, 2020 ) The insecticide seed treatment market was valued at USD 2.73 billion in 2016. It is projected to grow at a CAGR of 11.3% from 2017, to reach a projected value of USD 5.04 billion by 2022.

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Rise in need for food security for the growing population and increase in crop loss due to frequent pest attack, along with change in farming practices (from traditional to conventional), have been of importance to the growth of the global insecticide seed treatment market in agriculture. Insecticide seed treatment are used to achieve high-quality crop yield to cater to the increasing population and the consequently growing food demand. Hence, insecticide seed treatment will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered this market to produce various insecticide seed treatment that can be used for crops.

South America is one of the largest contributors to the global insecticide seed treatment, due to the increase in use of insecticide seed treatment through advanced agricultural techniques and rise in need for food security in the South American countries. Brazil and Argentina were the largest country-level markets in the South American region in 2016. High market penetration by the leading insecticide seed treatment companies, for enhancing the agricultural growth and productivity, and the decrease in arable land are the main factors influencing the growth of the insecticide seed treatment market in South America.

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Key players are BASF SE (Germany), Monsanto Company (U.S.), Sumitomo Chemical Co., Ltd (Japan), and Bayer CropScience AG (Germany); these are well-established and financially stable players that have been operating in the industry for several years. Other players include Syngenta AG (Switzerland), and Nufarm Ltd. (Australia).

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