(I-BusinessNews.Com, July 17, 2019 ) According to the latest report by IMARC Group titled, ÂSeed Treatment Market Research Report and Forecast 2019-2024Â, the market reached a value of US$ 7.2 Billion in 2018. Looking forward, the market is expected to reach a value of US$ 12.3 Billion by 2024, exhibiting a CAGR of around 9.4% during 2019-2024.
Seed treatment involves the application of chemical agents as a protective coating around the seed, which acts as a barrier against attack by both seed-borne and soil-borne organisms.
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Over the years, technological developments in agriculture sciences have boosted the demand for seed treatment worldwide. Eco-friendly pesticides and fungicides that prevent pathogens and rodents from damaging the crop are widely used in the process of seed treatment. Moreover, the process reduces germination time, enhances overall productivity, and improves crop yield, which further provides an impetus to the demand for seed treatment. Apart from this, extensive research and development in bio-farming techniques have also catalyzed the market growth. Seed treatment is now considered as a cost-effective crop protection solution as compared to conventional spraying since it is more efficient and less labor-intensive. As a result, the implementation of seed treatment is expected to increase in the upcoming years, which will further augment the market growth.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/seed-treatment-market
Breakup by Type:
Â Chemical Seed Treatment
Â Non-Chemical Seed treatment
Breakup by Application Technique:
Â Seed Coating
Â Seed Dressing
Â Seed Pelleting
Breakup by Crop Type:
Breakup by Function:
Â Seed Protection
Â Seed Enhancement
Â North America
Â Asia Pacific
Â Middle East and Africa
Â Latin America
The report has also examined the competitive landscape of global seed treatment market. Some of the major players in the market are Bayer, Syngenta, BASF, DOW Agrosciences, Dupont, Monsanto, Nufarm, FMC, Arysta Lifescience, Sumitomo Chemical, UPL, Incotec, Germains, Advanced Biological Marketing Inc, Monsanto Company, etc.
Key highlights of the report:
Â Market Performance
Â Market Outlook
Â PorterÂs Five Forces Analysis
Â Market Drivers and Success Factors
Â SWOT Analysis
Â Value Chain
Â Competitive Structure
Â Profiles of Key Players
Browse similar reports by IMARC Group:
Seeds Market Research Report and Forecast: https://www.imarcgroup.com/prefeasibility-report-seed-processing-plant
Agricultural Harvester Market Research Report and Forecast: https://www.imarcgroup.com/agricultural-harvester-market
IMARC Services Pvt. Ltd.