DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/wqjgrh/australian) has announced the addition of the "Australian Chemical Seed Treatment Market - Growth, Trends and Forecasts (2014-2020)" report to their offering.
The Australia Chemical seed treatment market was worth around $26 million in 2015 and is expected to cross $38.48 million by 2020 growing at the CAGR of 8.1% during the forecast period 2015-2020.
The growth in seed treatment industry is largely fueled by increasing farm sizes and rising concerns over its quality and safety due to harmful effects of chemicals to environment. Thus, some major drivers of the seed treatment industry are rise in the seed costs, crop rotations getting shorter and greater use of multi-component products. The poor farmers in Australia are adopting organic techniques which have a lower environment impact which is driving the market.
Major restraints identified in this report are regulatory structure intervention regarding entry, concerns for the environment and regulation of seed treatment market. Major opportunities are fastest growth rate for biological agents and Australia has a fastest growth rate in seed treatment market.
Australia market holds 8% of the Asia-Pacific market revenue by 2020. The Asia-pacific market is expected to have a high CAGR of 10.6% due to increasing demand for high yield crop products in the region and rising organic crop production, especially in China, India, Malaysia, Japan and Singapore.
Within this application category, insecticides constitute the largest sub-category, with an estimated 2015 share of 54.6% of chemical seed treatment demand. However, fungicide seed treatments are slated to witness the fastest CAGR of 8.6% during 2015-2020 in reaching a projected demand of US$13.42 million by 2020.
Wheat is the leading type of crop for chemical seed treatment applications in Australia, estimated to account for 22.6% of the total demand in 2015. In terms of CAGR between 2015 and 2020, however, demand for seed treatment applications in corn is expected to be the second fastest crop among all crop types at 8.3% CAGR, Asia remains the hub of rice production, with many countries in the region growing more than one crop per season.
Key Topics Covered:
2. Key Findings of the Study
3. Market Overview
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
- ADAMA AGRICULTURAL SOLUTIONS LTD
- ADVANCED BIOLOGICAL MARKETING INC
- BASF SE
- BAYER CROPSCIENCE AG
- CHEMTURA AGROSOLUTIONS
- INCOTEC GROUP BV
- VERDESIAN LIFE SCIENCES
- MONSANTO COMPANY
- NOVOZYMES A/S
- NUFARM LTD
SYNGENTA INTERNATIONAL AG
For more information visit http://www.researchandmarkets.com/research/wqjgrh/australian