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(MoneyNewsWire.Net, November 30, 2017 ) Latin America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers, expected to grow well above the regional average. Argentina is the emerging market in the Latin American seed treatment market
Seed treatment can be defined as the application of chemical ingredients or biological organisms to the seed that enables in suppressing, controlling or repelling plant pathogens, insects, or other pests that attack seeds, seedlings or plants. The term describes both products and processes. Processes range from hot water treatment to priming. In all cases, the basis of application techniques such as seed coating and pelleting is to deliver the product to the seed at the correct dose and as uniformly as possible from seed-to-seed.
The driving factors for this market are the increasing population and food requirements, rise in cost of fertilizers & pesticides, and easier residue management. Seed treatment gained popularity due to various factors, including increasing cost of farm-level seed treatment and conventional agrochemical application, increased yield of high-quality agricultural produce, increasing rates of crop rotation and raising awareness among farmers about the benefits of using high-end agro products.
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Latin America Seed treatment Market Segmentation by Crop type, Application, Function and Region
1. Crop Type
• Corn/Maize
• Soybeans
• Wheat
• Rice
• Canola
• Cotton and Other products
2. Application
• Chemical Agents
o Insecticides
o Fungicides and other chemicals
• Biological Agents
3. Function
• Crop Protection Chemicals
• Seed Enhancement
4. Region
• Brazil
• Argentina
• Mexico and Rest of Latin America
Syngenta, Bayer CropScience and BASF are the top three players in the seed treatment market. Monsanto, BioWorks Inc, Valent USA Corp, Adama agricultural solutions ltd, Advanced biological marketing inc, Brettyoung limited, Chemtura agrosolutions, Dupont, Germains seed technology are the other major players in the market.
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