SEED TREATMENT FUNGICIDES MARKET ANALYSIS

Market Challenges And Opportunities

Rising demand for genetically modified seeds, increase in feedstock fuelling demand for biofuel and feed, and the use of fungicides as a primary crop protection solution to high yield potential are some of the major drivers for growth of the seed treatment fungicides market. However, one of the major challenges for seed treatment fungicides market is increasing number of high number of farmers using treated seeds. In 2013, a study conducted by the Agricultural Health Study (AHS) in Iowa and North Carolina, reported that about 90% of the farmers used treated seeds and only 35% of the farmers were using fungicides as treated seeds are abundantly available and there is a large number of suppliers compare to fungicides manufacturers. According to FAO, Iowa was the leading country in corn production in 2015, closely followed by Illinois and Nebraska. Iowa and Illinois each produced about 2 billion bushels of corn crop in 2015 while Minnesota and Indiana, produced over 1 billion bushels of corn in 2015.