Seed Treatment Fungicides Market

The seed treatment fungicides market is projected to grow at a CAGR of 9.24% from 2017, to reach a projected value of USD 1.88 Billion by 2022. Increasing usage of seed treatment solutions on expensive GM seeds, growth in the area under GM crops, increasing crop demand for biofuel and feed, and the use of fungicides as a low-cost crop protection solution are enhancing the market for seed treatment fungicides, globally. The growth in the fungicide seed treatment market is also driven by advanced farming technologies which ensure safe and reliable application of seed treatment formulas.

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Significant growth expected in the dithiocarbamate segment

Seed treatment fungicides assists in shielding seeds from soilborne & seedborne fungi that cause rotting, damping off, seedling blight, or a combination of the same. When seeds germinate under favorable soil conditions, there is reduced risk of infestation of seeds and seedlings by soilborne pathogens. The ease in application mode has made these seed treatment fungicides more convenient to use for farmers. Dithiocarbamate is projected to be the one of fastest-growing type in the next five years because of its effective protection against seedling blights and control of various fungi that cause damping off in the seedling.

The cereals & grains segment projected to be the fastest-growing market during the forecast period

The cereals & grains segment dominated the seed treatment fungicides market in 2016; it is projected to grow at the highest CAGR of from 2017 to 2022. The demand for treated grain seed is increasing due to rise in demand from downstream markets in food & beverages. With a global increase in the consumption of biofuels and growth in demand for feed in the China, this segment is likely to witness a growth by 2022.

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Increase in need for food security, high investment in R&D, and change in farming practices keys to success in the South American region

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

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include BASF SE (Germany), The Dow Chemical 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), Monsanto Company (U.S.), and Nufarm Ltd. (Australia).