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India Seed Treatment Market- Growth, Trends and Forecasts (2015-2020)

Seed treatment can be defined as the application of chemical ingredients or biological organisms to the seed that enables in suppressing, controlling or repelling plant pathogens, insects, or other pests that attack seeds, seedlings or plants. The India seed treatment market was worth around $346 million in 2015 and is expected to cross $573 million by 2020 growing at the CAGR of 10.6% during the forecast period 2015-2020. The growth in seed treatment industry is largely fuelled by increasing farm sizes and rising concerns over its quality and safety due to harmful effects of chemicals to environment. Thus, some major drivers of the seed treatment industry are rise in the seed costs, crop rotations getting shorter and greater use of multi-component products. The poor farmers in India are adopting organic techniques which have a lower environment impact which is driving the market. Major restraints identified in this report are regulatory structure intervention regarding entry, concerns for the environment and regulation of seed treatment market. Major opportunities are fastest growth rate for biological agents and India has a fastest growth rate in seed treatment market. Indiamarket holds 34% of the Asia-Pacific market revenue by 2020. The India market is expected to have a high CAGR of 10.8% due to increasing demand for high yield crop products in the region and rising organic crop production, especially in China, India, Malaysia, Japan and Singapore. By application segment, India’s utilization of seed treatment chemical agents is forecast to exhibit the fastest 2015-2020 CAGR of 10.7%, thereby reaching a projected US$180 million by 2020 from an estimated US$108 million in 2015. However, growth in demand for non-chemical agents is likely to outpace chemical agents by posting a 2015-2020 compounded annual rate of 11.8% to emerge as the fastest segment. India’s total oilseed production, comprising soybeans, rapeseed, mustard, peanuts, sunflower seed, cottonseed and copra, is forecast to be 37.4 million metric tons (MMT) for the marketing year (MY) 2014-15 (October to September), which forma a decline of 2.5% from the current year, assuming that monsoons are normal for the period of June 2014 to September 2014. India’s consumption of oilseed-based food products is poised to register steady growth and reach 1.9 MMT in MY 2014-15. The primary driver for this impetus would come from robust growth in the food processing sector and increasing marketability for higher-value food products made from soybeans, peanuts, rapeseed, mustard, and other oilseeds. As a consequence of growing domestic demand, exports of oilseeds in the current and future years are likely to slow down their previous pace of growth. Wheat is the leading type of crop for seed treatment applications in India, estimated to account for 34.9% of the total demand in 2015. In terms of CAGR between 2015 and 2020, however, demand for seed treatment applications in corn is expected to be the second fastest crop among all crop types at 10% CAGR, Asia remains the hub of rice production, with many countries in the region growing more than one crop per season. Some of the key companies in the market are Adama, Novozymes, Chemtura, Syngenta and Others. The key players are focusing to expand their business in Asia-Pacific regions. The leading players in this market adopted various strategies to strengthen the market opportunities and increase their market shares. Acquisitions, agreements & joint ventures are the major strategies adopted by major players. In this report we offer, • Market analysis for the India Seed Treatment Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the India Seed Treatment Market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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