Seed treatment agents will become a strong growth point of global agrochemical business.

The global seed treatment agent market has a broad prospect. In 2012, the global seed treatment agent market output value reached 2.287 billion US dollars. If calculated at a 10.6 per cent annual compound growth rate, the market output value is expected to reach 4.19 billion US dollars by 2018. In recent years, large multinational corporations have been increasing their investment in scientific research and funding for seed treatment projects. if this development continues, seed treatment agents will become a new and powerful growth point for global agrochemical business.

The main products of seed treatment agents include chemical insecticides and fungicides. Among them, chemical pesticides account for half of the global seed treatment agent market, accounting for more than 51.7% of the market share in 2012. If measured at a compound annual growth rate of 10.8%, the market share is expected to reach US $2.183 billion in 2018. The market for fungicides grew slightly slower, at 9.2%, but could still reach $1.368 billion by 2018.

In the Americas, especially in countries such as the United States, Brazil and Argentina, the market for products such as seed treatment agents is already quite mature. Sales in North America reached $1.25 billion in 2012 and could reach $2.24 billion by 2018 at a compound annual growth rate of 10.2%. In South America, the market value will also reach 945 million US dollars by 2018. The market value of European seed processing is close to $360 million in 2012 and is expected to double to $630 million in 2018. France and Germany are the main consumers of seed treatment products in Europe, accounting for 82.3% of total sales in 2012. The Asia-Pacific region has high hopes that China and India will promote the rapid development of the seed treatment agent market. Currently, the Asia-Pacific region accounts for 7 per cent of the global seed processing market and is expected to reach $306.8 million by 2018.

Seed treatment agents are of great significance in improving the quality and yield of crops. It is very effective in protecting crop growth and controlling diseases and pests, and it is widely used in many countries because of its high quality and low price. In terms of the global share of seed treatment agents used by crops, seed treatment agents used on corn accounted for 34%, followed by soybeans and wheat.

Generally speaking, countries around the world have issued regulatory regulations to restrict the use of chemical pesticides and improve consumer awareness of pesticide residues, which have significantly increased the demand for seed treatment agents in other regions. Compared with the high price of genetically modified seeds, low cost of seed treatment agents and better economic benefits, this unique advantage will make the seed treatment agent industry on the fast track of development.

In the UK seed market, INCOTEC, the world's leading company in seed processing and coating technology, has joined forces with ELSOMS Seeds to promote and market seed treatment products and provide seed health services, including seed droplets and disinfection services. The areas of cooperation between the two sides are not limited to vegetables, but will also seek cooperation in arable land crops and ornamental crops. This is due to the fact that ELSOMS Seeds recognizes the advantages of Incotel's seed treatment products and its broad market prospects in the UK. ELSOMS has recently invested heavily in seed processing equipment, demonstrating its confidence in the seed processing industry, using seed processing technology licensed by Yingketai for more than six years to promote crop seeds such as carrots, onions and European parsnips in the British market.