Asia Pacific Insecticide Seed Treatment Market

Asia Pacific Insecticide Seed Treatment Market Size, Growth, Trends and Forecast:

The Asia Pacific Insecticide Seed Treatment market size was around USD 0.81 billion in 2021. It is expected to grow at a CAGR of 11.6% to reach USD 1.91 billion by 2026. It captures 20% of the global market.

The growth in this market is driven by the increasing area under GM crops & other high value crops, resulting in increased usage of seed treatment solutions on high-priced seeds. Additionally, increasing crop demand for biofuel and feed has compelled farmers to increase yield by minimizing crop loss due to pest attacks (soil borne & others), which in turn is fuelling the market.

Asia Pacific Insecticide Seed Treatment Market Segmentation:

Asia Pacific Insecticide Seed Treatment Market – By Type:

• Synthetic Chemical

  • Neonicotinoids
  • Pyrazoles
  • Pyrethroids
  • and others
• Biological

The biological seed treatment market is anticipated to experience a higher CAGR during the aforementioned forecast period, because it is an environment-friendly method for crop protection. It is preferred by organic growers since the products are manufactured from natural sources.

Asia Pacific Insecticide Seed Treatment Market – By Application Technique:

• Seed coating
• Seed pelleting
• Seed dressing

Seed dressing is the most widely used method of seed treatment, and commanded more than half of the total market in 2016. Coating and pelleting seed treatment techniques are costly, rendering these methods financially burdensome for high tonnage and low-cost seeds like cereals, which are the key crop types leading the market.

Asia Pacific Insecticide Seed Treatment Market – By Form:

• Powder and liquid

Asia Pacific Insecticide Seed Treatment Market – By Crop Type:

• Cereals & Oilseeds
  • corn
  • wheat
  • rice
  • soybean
  • others
• Fruits & Vegetables
• others

Cereals & oilseeds were the most dominant crop type; the segment is also projected to grow at the highest rate during the forecast period. Demand for grains and oilseeds has been increasing over the years as a result of factors such as rising population, regional variations in consumption patterns and income distribution, and changes in food tastes & preferences of consumers. Furthermore, changes in the dietary patterns pertaining to the consumption of animal products have led to an increased demand for grains & oilseeds as feed.

Geographical Analysis:

By geography the market is segmented into

• India
• China
• Korea
• Japan
• Others

The demand for seed treatment products in the Asia-Pacific region is anticipated to be majorly driven by countries like China and India

Key Players:

Key players in the market include BASF SE (Germany), Syngenta Crop Protection AG (Switzerland), Nufarm Limited (Australia), Bayer AG (Germany), and Platform Specialty Products Corporation (U.S.).