APAC Market Forecast
The Asia Pacific seed treatment market is expected to account for 35% of the revenue share by 2037. This growth of the market in this region is set to be dominated by a growing urban population. For instance, approximately the globe's 2.2 billion individuals currently dwell in the Asia region. Furthermore, it is predicted that this population in Asia’s urban region might rise by 50%. This indicates that more than 1.2 billion individuals will be added. As a result, the demand for food is also growing. Further, the production of pesticides is also growing in this region, which might additionally boost the growth of the market. Moreover, Asia Pacific is witnessing growth in organic agricultural practices in the coming years. Hence, this influences the demand for bio-based agricultural products, which is further predicted to dominate seed treatment market expansion.
European Market Analysis
The Europe seed treatment market is predicted to have notable growth during the forecast period. This is set to be dominated by growing awareness among farmers regarding the benefits of seed treatment in this region. Further, the demand for corn in this region is growing significantly to meet the demand for biofuels. In addition, this demand for biofuels is because the government in this region is launching strict regulations to reduce the emission of CO2. Therefore, to protect corn from further damage, the adoption of seed treatment is predicted to rise in this region over the coming years.
Author Credits: Nilanjana Ray
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