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Asia-Pacific seed treatment market to reach $306.8 million by 2018

The report identifies the driving and restraining factors for seed treatment market with an analysis of trends, opportunities and challenges

Seed treatments are widely used across the globe, and are very useful in safeguarding crops against various insects, diseases, and pests in a cost-effective way. Seed treatment plays a vital role as it improves the quality and yield of agricultural produce. Based on applications, the seed treatment market can be bifurcated into three types-insecticides (chemical), fungicides (chemical), and bio-control.

The global seed treatment market was valued at $161.4 million in 2012 and is projected to grow at a CAGR of 11.3% by 2018, to be valued at $306.8 million. 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 market and is expected to reach $306.8 million by 2018.

by S. C.
06 may 2013, World News > Asia

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