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Mexican Chemical Seed Treatment Market – Growth, Trends and Forecasts (2015-2020)

Chemical seed treatment is a process of treating seeds with chemicals and non-chemical methods before plantation. It is an ecofriendly way of using small amount of insecticide and fungicides. The Mexicochemical seed treatment market was worth around $124.4 million in 2015 and is expected to cross $187.3 million by 2020 growing at the CAGR of 8.5% during the forecast period 2015-2020. The demand for crops has stimulated due to rise in the consumption of crops. Rise in the cost of seeds is one of the factor alluring the market. Increase in farm sizes along with crop rotations getting shorter are expected to drive the demand for chemical seed treatment market. The left over materials after the treatment affect the environment and limited dose capacity along with limited shelf life are some of the constrains of the chemical seed treatment market. Awareness on the impact of biological chemical seed treatment created an opportunity for chemical seed treatment market. Within this application category, insecticides constitute the largest sub-category, with an estimated 2015 share of 53.4% of chemical seed treatment demand. However, fungicide seed treatments are slated to witness the fastest CAGR of 9.3% during 2015-2020 in reaching a projected demand of US$68.63 million by 2020. Corn/maize is the leading type of crop for chemical seed treatment applications in Mexico, estimated to account for 33.2% of the total demand in 2015. In terms of CAGR between 2015 and 2020, however, demand for chemical seed treatment applications in soybean is expected to be the fastest among all crop types at 9.4%. Adama Agricultural Solutions Ltd (Formerly MakhteshimAgan Industries Ltd), Advanced Biological Marketing Inc, BASF SE, Bayer CropScience AG, BioWorksInc, BrettYoung Limited, ChemturaAgroSolutions, DuPont, INCOTEC Group BV, Verdesian life sciences, Monsanto Company, Novozymes A/S, Nufarm Ltd, Plant Health Care, Precision Laboratories LLC, Syngenta International AG, Valent USA Corporation and Wolf TraxInc.A few have focused on horizontal growth by expanding their presence in emerging markets that offer greatest scope for future prospects, while yet others have been content to operate within their established boundaries and go in for vertical growth by concentrating on innovations in the area of products and solutions. In this report we offer, • Market analysis for the Mexican Chemical 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 Mexican Chemical 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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