North America Soybean Seed Treatment Market Study Reveals Gr...| MENAFN.COM

Friday, 28 January 2022 07:49 GMT

North America Soybean Seed Treatment Market Study Reveals Growth Factors and Competitive Outlook for Future

(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 24, 2021, 08:25 /Comserve / -- North America Soybean Seed Treatment Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The North America soybean seed treatment market is projected to register a CAGR of 6.3% during the forecast period 2020-2025. According to the United States Department of Agriculture, the United States is the largest producer of soybean in the world followed by Canada which was estimated to be the seventh-largest producer in the world in 2017. Seedling diseases, like Phytophthora and Pythium, are the major threats to soybean in the United States, therefore, seed treatment forms a major part of soybean cultivation in the country. Bean leaf beetle and thrips affect the soybean crops in the early days of the crops. Root-knot nematodes also affect the soybean crop growth. Many companies, like Syngenta and DuPont, offer soybean specific seed treatment products which offer protection against these issues.

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Key Market Trends

Increased Production of Soybeans

According to the Food and Agriculture Organization in 2018, the overall production of soybeans in term of quantity accounted for 130.09 million tonnes up from 123.5 million tonnes in 2016 significantly denoting the increasing demand for soybean in the region. In 2018, 38.1 million hectares of land area is under the cultivation of soybean which has also increased from 35.7 million hectares in 2016. The increase in production can be attributed to the increase in domestic as well as the international demand of soybean and its multilateral importance. The increase in production also increases the chances of diseases and pest infestations, thereby, leading to an increase in the demand for seed treatment products. Integrated pest management (IPM) plays a major role in the identification of target areas of action for seed treatment and it also helps in identification of the perfect product for soybean seed treatment. Hence the increased production in the region forges an increase in the demand for soybean seed treatment during the forecast period.

Increased Multilateral Usage of Soybeans

Soybean is a commodity which can be used as food, feed as well as fuel. Majority of soybean is used as feed for poultry as well as dairy farming, whereas it also finds application in various food preparations. The usage of soybean as a biofuel is majorly driving the demand for soybeans throughout the region. Hence in order to meet the domestic as well as international demands, farmers in the region are forced to produce higher volumes of soybean year after year. Being a crop with higher chances of pest infestation, meeting a higher yield in the area harvested is a hude challenge for the farmers and hence seed treatment is done at a higher level across commercial as well as farm levels. As per the Food and Agriculture Organization, the area harvested under soybean in each of the country is declining year after year which also urges the use of seed treatment to increase the commodity yield. The use of seed treatment on soybean crop can protect the yield, but when there is no pest the use of seed treatment is like an insurance. Only in the case of high risk from early season pest, the seed treatment has very high significance, else it is only an extra process. Hence the increase in the multilateral use of soybean across the region is anticipated to drive the soybean seed treatment market during the forecast period.

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Competitive Landscape

The North America soybean seed treatment market is fragmented with major players like Adama Agricultural Solutions Ltd, Advanced Biological Marketing Inc., BASF SE, Bayer CropScience AG, Bioworks Inc., Marrone Bio-Innovations, Brettyoung Limited, and Chemtura Agrosolutions, and DuPont, among others holding the major share. Companies are focusing majorly on new product launches, mergers, and acquisitions, which help in increasing their market shares. The development of bio-based seed treatment products has a massive potential for expansion during the forecast period, with advantages, like environmental sustainability and lesser regulations for development, and launch of new products.

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry


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