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Seed Coating Materials Market

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Seed Coating Materials Market report categorizes the global market by Product Type (Polymers, Colorants, Binders, Minerals and Others), by Crop Type.
Seed Coating Materials Market, by
Product Type - Insights and Industry
Forecast till 2025
Seed coating is the method of applying seed protection formulation over seed surface.
The prime aim for seed coating is enhance protection of the seeds against pathogenic,
fungal attacks. Applying weight to very light seeds and improving shape of uneven
seeds for greater precision of planting are some other purposes of seed coating.
Various materials such as polymers, fertilizers, repulsive agents are used to coat seeds.
Key advantages associated with seed coating such as high crop yield per hectare, high
binding capacity coupled with high shelf life, higher seeding rates are expected to fuel
demand for seed coating materials throughout the forecast period. In addition,
increasing research and development activities to develop high performance coating
methods with advanced features is expected to fuel growth of seed coating materials
market over the forecast period. For instance, in the recent past, a film coating method
has been developed that allows for uniform and dry polymeric coating to overcome
disadvantages of other coating methods.
However, stringent government regulations imposed on the use of chemicals is a
restraint for seed coating materials market growth. The impact of this restraint is
expected to be low due to technological advancement in coating materials
manufacturing processes.
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Among product types, polymer segment holds the largest revenue share in the global
seed coating materials market and is expected to lead the market by witnessing a
CAGR of 7.10% over the forecast period. Increasing demand for polymeric seed coating
materials such as polyurethane, polyvinylacrylate, polyvinylpyrrolidone etc. in agriculture
due to their high efficacy in terms of binding capacity and ease of pouring is projected to
have a positive impact on the growth of this segment in the near future.
Among crop types, cereals & grains segment accounted for the highest share, in terms
of revenue in 2016. According to Food and Agriculture Organization of United Nations
(FAO), world cereal & grains utilization is projected to reach 2,591 million tons by 2017
end, which creates a highly potential market for cereal & grains coatings.
North America accounted for highest revenue share and was valued at US$ 0.42 billion
in the global seed coating materials market in 2016. The region is expected to retain its
dominance throughout the forecast period, due to increasing awareness about
advantages of seed treatment such as seed germination enhancement, better seed
performance in adverse conditions fuelled by government seed treatment campaigns in
the region.
According to a study by Coherent Market Insights, the global seed coating materials
market was valued at US$ 1.22 billion in 2016 and is expected to witness a CAGR of
8.43%, in terms of revenue, over the forecast period (2017 – 2025).
North America held highest revenue share of 34% in the global seed coating materials
market, in 2016 and the region is projected to maintain its dominance in the near future.
Europe accounted for the second largest revenue share in global seed coating market
in 2016 and is expected to maintain its position over the forecast period.
Major Players in the Global Seed Coating Materials Market
The major players in the seed coating materials market include Clariant International,
Chemtura Corporation, BASF SE, Bayer CropScience AG, Precision Laboratories LLC,
Croda International PLC, Platform Specialty Products Corporation and Chromatech
Incorporated among others. Key players are strategically investing in the Seed Coating
Materials market, to enhance their product portfolio through collaboration, joint ventures,
merger & acquisitions. For instance, in 2017, BASF signed an agreement to acquire
significant parts of Bayer’s seed and non-selective herbicide businesses.
For More Information :
https://www.coherentmarketinsights.com/market-insight/seed-coating-materials-market-965
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting services,
and competitive analysis through various recommendations related to emerging market
trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
Author
aniket
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