New York-based Transparency Market Research reports that the global seed treatment market will be propelled by the expanding global seed market, nearly doubling by 2018.
“The competitive landscape of the seed treatment market indicates that innovators dominate this industry. The Asia Pacific seed treatment market holds immense growth potential yet to be tapped by global companies,” reports Transparency Market Research, but added that on the other hand, “environmental and health concerns pertaining to the use of chemicals on plants are a glaring challenge to the overall seed treatment market.”
Growing at a 9.2 percent compound annual growth rate from 2012 to 2018, the global seed treatment market — valued at $2.43 billion in 2011 — will reach a market value of $4.45 billion by 2018, according to the company’s latest report.
The report indicates that technological advancements, an expanding global seed market and the pressing need for protecting certain highly valued varieties of seeds are key factors driving the seed treatment market.
The report is available for purchase at http://www.transparencymarketresearch.com/seed-treatment-market.html.
