The fungicidal seed treatment market was estimated at USD 780.9 million in the year 2017 and is expected to register a robust CAGR of 10.3% in the forecast period 2018 - 2023. Companies involved in the manufacture of fungicidal products for seed treatment are constantly introducing new and improved products and at the same time they are investing in R&D for development of new products based on different active ingredients. Fungicides form the largest market for seed treatment when segmented by seed protection method.

Bio-based Fungicidal Seed Treatment Products on the Rise

Companies like Bio-works, Marrone Bio-innovations, Bayer, and BASF all have recently come up with new biological fungicide products which are beneficial, both to the crops, as well as the soil. A push towards food safety and security, along-with government regulations on the usage of chemical pesticides has increased the demand for bio-based products. The staggering growth due to the increasing popularity of bio-based products can be understood with the help of the graph below:

Asia-Pacific to Experience the Fastest Growth

Asia-Pacific is the largest market for grains and cereals and all the major countries in the region are facing shortage of farming land and also, there is an increased demand for food safety. Increasing awareness of using certified and treated seeds has led to an increased demand for seeds in Asia-Pacific, especially in India. Also, companies like Bayer and Syngenta are introducing varieties which are weather resilient as well as offer better yields. Companies in the region are also pushing to expand their extension services in order to spread awareness among farmers, as well as to increase their customer base.

Major Players: BASF SE, BAYER CROPSCIENCE AG, BIOWORKS INC, MARRONE BIO-INNOVATIONS, DOW DUPONT, MONSANTO COMPANY, NUFARM LTD, AND SYNGENTA INTERNATIONAL AG, among others.

Reasons to Purchase this Report

• To have an understanding of the fastest growing regions in the fungicidal seed treatment market and their growth trends during the forecast period
• The report outlines drivers, restraints and trends that are currently affecting the market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The report covers in-detail insights about the competitors overview, company share analysis
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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