Insecticide Seed Treatment Market by Type, Application Technique, Form, Crop Type and Region - Global Forecast to 2022

The insecticide seed treatment market was valued at USD 2.73 billion in 2016. It is projected to grow at a CAGR of 11.3% from 2017, to reach a projected value of USD 5.04 billion by 2022.

The increase in usage of seed treatment solutions on high-priced GM seeds, growth in the area under GM crops, increase in crop demand for biofuel and feed, and the use of insecticides as a low-cost crop protection solution are enhancing the market for insecticide seed treatment, globally. The growth in the insecticide seed treatment market is also driven by advanced farming technologies that ensure safe and reliable application of seed treatment formulas.

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Based on type, the chemical segment dominated the market with the largest share in the global insecticide seed treatment market in 2016. The biological segment is projected to grow at a relatively higher CAGR from 2017 to 2022. The growth of the organic food market has led to the development of effective technologies for biological control, which in turn has led to the growth of the bioinsecticide seed treatment market.

The dressing segment dominated in terms of application technique in 2016. The seed dressing application technique is mostly used for insecticide seed treatment since it is a low-cost technique as compared to the others. It is hence, economical to use on low-cost cereals and grains, such as wheat and corn, which are the key crop types dominating the use of insecticides as seed treatment.

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Based on form, the liquid formulations dominated the market in 2016. The powder seed treatment process involves dust, which leads to problems related to operator safety and poor plant hygiene. Thus, the use of dry powder formulations is expected to reduce gradually.

Based on crop type, in the insecticide seed treatment market, cereals & oilseeds accounted for the largest market share in 2016. The increase in demand from downstream markets in the food & beverage and feed industries has boosted the overall demand for insecticide seed treatment across the globe.

The key players that have been profiled in this report include BASF SE (Germany), Syngenta AG (Switzerland), Bayer CropScience AG (Germany), Monsanto (US), Nufarm Limited (Australia), FMC Corporation (US), Novozymes A/S (Denmark), Platform Specialty Products Corporation (US), and Sumitomo Chemical Company Ltd. (Japan).

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