Seed Coating Materials Market Size and Growth Rate:
According to the research report published by Research Cosmos, the size of the Global Seed Coating Materials Market was valued at USD 1.22 Billion in 2016 and predicted to reach USD USD 2.48 Billion by 2025 witnessing a CAGR value of 8.43% during 2017 to 2025.
Seed Coating Materials Market Demand Analysis:
Increasing population across the globe has made the requirement for the production of improved agricultural crops, which is expected to fuel the need for seed coating material market across the forecast period.
Constant research activities in the department of agriculture science have resulted in various developments in terms of product quality and production. Additionally, management support and technological improvement in the seed industry has allowed the farmers to choose suitable practices for agricultural production. The building awareness about seed coating substances has not only resulted in the expanded use of hybrid seed but also increased awareness about the potential crop yield in the developing countries. Global coated grains and grain seed industry will see an improved demand, owing to high yield that is supposed to be one of the important driving elements.
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Furthermore, to have less influence on the environment and preserving crops, the seed film market is supposed to flourish in the coming future. But, short usage such as higher dependency on seed surface, dealing with the active ingredient, and employment heat may limit its growth during the projection period.
Polymers, colorants, rocks, minerals, pumice particles and others which incorporate additives such as wetting and separating agents, anti-foaming factors, thickeners, and solvents are the noteworthy types of this market. Among these, polymers registered the largest market share in 2017, supported by pellets and colorants. The generally used polymers are majorly of two kinds, namely polymer gels and superabsorbent polymers. They produce the low vicious range which promotes better seed germination and this advantage of polymers is expected to be supplementing the global seed coating materials market.
Seed Coating Materials Market Regional Analysis:
The world seed coating materials market is spread across the regions of North America, Europe, Asia Pacific, and Rest of the World. North America is controlling the seed coating materials market. This is attributed to the growing consumption of coated seeds for gardening products. Additionally, the growing population and demand for new and improved agricultural products are driving the market boom in this region.
Seed Coating Materials Market- Key Players: Clariant International, Bayer CropScience AG, Chemtura Corporation, Precision Laboratories LLC, and Chromatech Incorporated BASF SE and Chromatech Incorporated and Incotec Group Bv., Platform Specialty Products Corporation, Croda International PLC, and BrettYoung Seeds Limited.
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