Europe seed treatment market: $633 million industry by 2018

Press release   •   May 01, 2013 16:21 BST

The Europe seed treatment market is suggested to have reached a value of around $363.7 million at the end of 2012, and is forecast to grow to a total $633.2 million by 2018. This suggests a CAGR growth rate of 9.7% between 2012 and 2018.

France and Germany were the leading consumers of seed treatments, together accounting for over 82.3% of the market in 2012. A constant regulatory push towards restricting the use of agrochemicals and increasing consumer awareness regarding the consequences of agrochemical residues in food, has resulted in a significant increase in demand for seed treatments in other regions as well.

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.

On the basis of types, seed treatment market is further segmented as chemical and non-chemical. Bio-based seed treatments, a part of non-chemical seed treatment, are made up of renewable resources and contain natural active ingredients. These seed treatments have much of a no negative impact on the environment, workforce and consumers safety when compared to chemical seed treatments. Bio-based seed treatment is expected to be one of the fastest growing seed treatment segments in the near future.

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