China’s 2015 Seed Treatment Market Up 17%
12 January 2016 In 2015, China’s seed treatment sales reached 2.86 billion yuan ($435.3 million), up 16.7% compared with 2014. The market is expected to reach 3.5 billion yuan ($532.7 million) in 2016 and exceed 5 billion yuan ($760.8 million) in 2019, according to the China Crop Protection Industry Association (CCPIA).
In terms of crops, the proportion of the seed treatment applied to wheat, maize and cotton is 38%, 32% and 16% respectively. In addition, the proportion of the seed treatment applied to rice, soybean and peanut is 5%, 4% and 4% respectively, CCPIA said.
“Many regulations have been carried out in the worldwide, which restrict the application of chemical pesticide and increase the consumers’ awareness of pesticide residue, significantly enhancing the demand of seed treatment,” CCPIA said, adding: “Seed treatment (provides for) less consumption and better effect, saving labor, time, seeds and pesticide. It is much safer than spraying on the field because it meets the requirements of prevention, green control, integrated control and environmental protection. Compared with the continued trend of GM seed prices, seed treatments enjoy low cost and better economic benefits, which has improved the development of the seed treatment industry.”
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