The competitive edge of reduced residual over other crop protection products, drives the seed treatment market


Posted October 5, 2018 by MeticulousResearch

The global seed treatment market is primarily driven by its low cost, growing need to increase crop yield and quality, wide range of benefits of seed treatment, reduction of arable land, and reduced risk of exceeding minimal residue level.

 
The crop protection products applied by seed treatment reduces the soil surface exposure by 90% compared to in furrow applications and 99% compared to surface application, which means lower environmental concern of harmful chemicals. Moreover, Food and Agriculture Organization (FAO) defined the Integrated Pest Management (IPM) in 2002 and stated that IPM is a careful consideration of all available pest control techniques and subsequent integration of appropriate measures that discourage the development of pest populations and keep pesticides and other interventions to levels that are economically justified and reduce or minimize risks to human health and the environment.
In its latest publication Meticulous Research, states that global Seed Treatment Market will reach USD 4,566.1 million in 2022 with a CAGR of 8.7% from 2017. One of the prime factors for this growth is the lesser risk of residual in comparison with other products for crop protection.
The IPM emphasizes the growth of a healthy crop with the least possible disruption to agro-ecosystems and encourages natural pest control mechanisms. Seed treatments are used as a primary tool in a successful Integrated Pest Management Program for sustainable agriculture since they target the pests and diseases with smaller amounts of active ingredients per hectare and are not introduced into the atmosphere. In many cases, without the use of seed treatment, growers would have faced great difficulty in controlling certain seed-borne and early season seedling pests and diseases and would have to resort to more expensive and less environment-friendly methods. Further, seed treatment active ingredients are regulated by the U.S. Environmental Protection Agency (EPA) under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). A rigorous, science-based, risk-benefit assessment is conducted by the EPA during the registration and development of these active ingredients. After evaluating data from more than 120 scientific tests and determining that the product poses no unreasonable adverse effects on humans or the environment, EPA registers crop protection chemicals for commercialization and to be used for seed treatments.
Furthermore, the seed treatment helps to reduce the chemical residue in the food as it is not directly applied to the crop and used at small quantity with various advanced techniques. In addition, the product to register for seed treatment goes through various assessment tests to check the risk and benefits of active ingredients.
Thus, the seed treatment ensures the minimum residue level in the food which drives the demand of seed treatment based products.
The key players operating in the global seed treatment market are Bayer CropScience AG, BASF SE, Syngenta (Subsidiary of ChemChina), FMC corporation, Monsanto Company (Part of Bayer), E.I. du Pont de Nemours and Company, Nufarm Limited, The Dow Chemical Company, Sumitomo Chemical Co., Ltd, Arysta LifeScience Corporation (Platform Specialty Products), ADAMA Agricultural Solutions Ltd, UPL Limited, Croda International Plc, and Tagros Chemicals India Ltd.
Download Sample Report: https://www.meticulousresearch.com/product/seed-treatment-market-2022/
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Categories Agriculture , Marketing , Research
Tags agriculture , crop protection products , seed treatment market
Last Updated October 5, 2018