New York, November, 29, 2017: Axiom Market Research & Consulting published a report on Global Seed Coating Materials Market Report, By Type, Crop Type and Geography Forecasts upto 2022. The global seed coating materials market was valued at USD 1.6 billion in 2016 and is projected to reach USD 2.4 billion by 2022 at a CAGR of 7.75% from 2017 to 2022.
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The seed coating materials market is mainly segmented into materials type, end users and geography. The seeds are mainly coated by polymers, colorants, pellets, minerals, pumice powder and others. Widely used polymers are mainly of two types: polymer gels and superabsorbent polymers and have low vicious range which helps in better seed germination. The most important crop types for which seed coating materials are used are cereals & grains, fruits & vegetables, flowers & ornamentals, oilseeds and pulses and others, which include turf grass and others. The cereals & grains segment dominated the market in 2016 followed by fruits & vegetables and oilseed & pulses. The seed coating materials market is studied for North America, Europe, Asia-Pacific, Latin America and RoW that includes South Africa and others.
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Changing farming techniques and acceptance of farmers for using coated seeds for better performance is boosting the market for seed coating materials. The market for polymers is very high as they are easiest and the most effective types of coating used for coated seeds.
Agriculture sector in North America is transitionally changing from traditional agriculture to conventional agriculture. This change is demanding new ways of farming for better yield and quality. Strong research and development carried out in this sector by the North American companies and acceptance of new agricultural techniques by the farmers is triggering the demand for coated seeds in this country.
The leading companies of global seed coating materials market are, Allied Seed, Llc, BASF SE, Bayer Cropscience AG, Clariant AG, Croda International PLC, Platform Specialty Products Corp, Brettyoung Seeds Limited, Incotec Group BV, Keystone Aniline Corp, Precision Laboratories, LLC, Germains Seed Technology Inc., among others.
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