Asia-Pacific seed treatment market: $307 million industry by 2018

Press release   •   May 01, 2013 13:47 BST

The Asia-Pacific seed treatment market is suggested to have reached a value of around $161.4 million by the end of 2012, and is forecast to grow to a total of $306.8 million by 2018. This suggests a CAGR growth rate of 11.3% between 2012 and 2018.

Seed treatment chemical insecticide is the largest segment of seed treatment market and accounts for over 52.2% of the market share. Asia-Pacific, especially China and India are expected to be high-growth markets for seed treatment during the review period. Currently, Asia-Pacific represents 7.0% share of the global seed treatment.

Development and registration of a pesticide active ingredient is one of the biggest components of cost for seed treatment manufacturers. Currently, the cost of innovation and registration of an active ingredient is about $200 million, which is a 25% increase from 2000.

The seed treatment market consists of crop protection chemicals or agrochemicals, specifically for seeds, and genetically modified (GM) crop-seeds. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Seed treatment market is further classified as insecticides (chemical), fungicides (chemical), bio-control seed treatments, and other seed treatment chemicals.

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