Speaking at the 4th International Seminar on Seed Treatment Technology, held in conjunction with the China International Agrochemical Conference (CACW 2018), Nomman Ahmed, Senior Director of Insights & Consulting at Kynetec, presented today the latest insights on the seed treatment market.
Comparing markets, products, farmer behavior, market profiling as well as evaluating seed treatment technology and the impact on pesticide usage, the seed treatment market has shown greater resilience than other crop protection sectors in times of overall market downturn.
He reported that major market drivers include tighter crop rotations, low commodity prices as growers opt for seed treatment as a lower cost option, and increasing value of seed. On the contrary, market risks include maintaining good practice to ensure that seed treatments deliver the desired impact, regulatory pressure on Neonics and other seed treatment chemistry, and the introduction of stacked traits.
He concluded that the outlook for the seed treatment market is closely related to the seed market, and with the growth in seed value, the future for the seed treatment market is one of great optimism.