COVID19:SEED TREATMENT FUNGICIDES MARKET TO REACH USD 2.3 BILLION BY 2027 | CAGR 7.5% — FORENCIS RESEARCH

Global Seed Treatment Fungicides Market: Key Highlights

• According to the new market research report “Seed Treatment Fungicides Market by Type (Chemical, Biological), by Crop Type (Cereals & Grains, Oilseeds &Pulses, Fruits & Vegetables, Others), by ApplicationTechnique (Dressing, Coating, Pelleting)by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global seed treatment fungicides market is estimated to reach USD 2.3 Billion by 2027 at a CAGR of around 7.5% during the review period.
• A process of treating seed with various chemicals which helps to protect them from various fungal infection isknown as seed treatment fungicides
• Fungal pathogens which are surface borne, internally seed-borne fungal pathogens, and soil-borne pathogens can be controlled by used seed treatment fungicides
• Fields which had plant pathogens such as Pythium, phytopthora, and others in past are likely to be benefited by the seed treatment fungicides

Global Seed Treatment Fungicides Market: Key Market Dynamics

• Rising demand for fungicides as a low-cost crop protection solution coupled with rising concern regarding crop protection, productivity, and yield has expected to surge the demand for seed treatment fungicides market
• Increasing crop demand for feed and biofuel has anticipated boosting the demand for seed treatment fungicides market
• Increasing technological advancement in seed treatment may pose growth opportunities for seed treatment fungicides

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Global Seed Treatment Fungicides Market: Regional Overview

• North America

North America is anticipated to witness prominent growth in seed treatment fungicides market. Stringent government regulations for reducing the use of agrochemicals coupled with increasing awareness towards the presence of fertilizers in the product has increased demand for seed treatment fungicides. Moreover, the production of crops as feedstock for biofuel has fuelled the demand for the use of seed treatment fungicides.

• Asia Pacific

The Asia Pacific is anticipated to witness the highest growth in seed treatment fungicides market during the forecasted period due to the ongoing developments in the agriculture industry and increasing awareness amongst consumers. Countries such as China, India, and Australia are undertaking efforts to minimize the environmental concerns associated with the use of excessive pesticides which in turn, to expected to boost the process demand. For instance, in China, the pesticides are mainly managed by regulations on “Pesticide Administration” (Decree №326) which will help to supervise and control manufacturing, distributing and use of pesticides. China and India are some of the major exporters in the region. According to the India Brand Equity Foundation (IBEF), the export of agriculture and products from India wastotalled USD 38.4 billion in 2019.

Global Seed Treatment Fungicides Market: Key Players Overview

• Nufarm Ltd:

Nufarm Ltdis an Australia based, one of the leading manufacturer and developer of seeds and crop protection solution. The company predominantly operates through the following business lines, seed technologies and crop protection. Nufarm Ltd has a strong manufacturing and distribution network in more than 30 countries across the globe.. In February 2019, Nufarm Ltd introduced Trunemco, a new nematode seed treatment solution which will help the cotton, soybean, cotton, and corn crop thrive.

• BASF SE:

BASF SE is a German-based company engaged in manufacturing and distributing speciality chemical. The company operates broadly through Chemical, Materials, Industrial Solution, Surface Technologies, Nutrition & Care, and Agriculture Solution business segment. Seed treatment fungicides products are offered under agriculture solution business segment. In October 2019, BASF SE launched ILeVO,a highly effective seed treatment fungicide for management of blackleg in canola which will be useful in Australian Agriculture.

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