Asia Pacific Region Expected to Witness Rapid Growth in the Seed Treatment Market

The seed treatment market was valued at USD 6.11 billion in 2016 and is projected to reach 11.31 billion by 2022, at a CAGR of 10.82% during the forecast period. Due to the increasing demand for integrated pest management practices to minimize pesticide usage, seed treatment products have been gaining preference for their beneficial characteristics such as the ability to combat early-season diseases and pests and their effect on crop yield.

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How investments in the cultivation of high-value crops are presenting growth opportunities for manufacturers in the seed treatment market?

Seed treatment increases seed performance for high-value crops, varieties, or hybrids such as cotton, soybean, corn, sugar beets, vegetables, and sunflower. If seeds are not treated under ideal conditions, there are increased chances for re-sowing, bringing losses to the farmer.

According to FAOSTAT 2013, Brazil utilized more of insecticide treatment than fungicide seed treatment which accounted for 6,089 tons and 515 tons, respectively. This significant consumption has been to control the infestation of soil and sucking pests, lepidopteran pests, and nematodes in high-value crops such as corn, soybean, and cotton crops in Brazil.

Application of seed treatment helps protect seeds and increases its performance in the field during early establishment or during its vegetative cycle, by way of higher yield and minimized pest and disease attack.

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How is high resistance to diseases and new active ingredients in plants projected to pose challenges for the growth of the market?

To achieve profits, growers have limited their adoption of good agricultural practices such as controlled pesticide application within the dosage limits and crop rotation. For instance, Brazilian farmers have been combating the soybean rust problem since it was first discovered in Brazil during the 2000/01 growing season. It took a significant number of years for researchers and farmers to develop successful strategies to limit the extent of damage from the disease. But recently, farmers and researchers have observed increased resistance of these diseases even toward new active ingredients. Increased usage of similar fungicides over the years has resulted in more rapid development of fungal resistance. This resistance can be observed in key soybean areas of Brazil, such as Parana and Mato Grasso du Sul, where losses of
USD 738 million were incurred due to Asian rust during the 2012–2013 growing season; similarly, in Paraguay, losses of up to 50% were incurred. These factors are projected to pose challenges for the growth of the market during the forecast period.