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MarketsandMarkets: Global Seed Treatment Market worth $3430.3 Million by 2016
Date:1/9/2012

reatments are a smaller market segment, but expected to grow at a faster pace than any other segment, due to government encouragement to reduce agrochemicals usage.

The global seed treatment market [ http://www.marketsandmarkets.com/Market-Reports/seed-treatment-market-503.html ] reached to over $2250.0 million by the end of year 2010, and is expected to reach $3430.3 million by 2016, growing at a CAGR of 13.5% from 2011 to 2016. The North American market is expected to hold 22% of the global market share by 2016, at an estimated CAGR of 16.4% due to higher acceptance of GM seeds for soybean and maize/corn. Asia-Pacific is another fastest growing segment due to the constant push by government bodies for adoption of seed treatments with "100% seed treatment campaign". The market share of Asia-Pacific is expected to boost from $157.5 million in 2010 to $248.2 million by 2016, at an estimated CAGR of 14.4% from 2011 to 2016.

Some of the major drivers of the industry identified in this report are cost effectiveness of seed treatments, economic and social benefits, and increasing demand of GM seeds while major restraint is low shelf life of treated seeds.

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