Global Seed Treatment Fungicides Market: Key Highlights
Global Seed Treatment Fungicides Market: Key Market Dynamics
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Global Seed Treatment Fungicides Market: Regional Overview
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.
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 No. 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 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 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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