Seed Coating Materials Market: growing at a CAGR of 7.5% from 2016 to 2021 – IndustryARC
Seed coating is the process of coating seeds directly with various materials such as fertilizers, repulsive agents like crop protection chemicals, plant growth regulators among many others. The primary purpose of seed coating material is to ensure rapid multiplication and timely supply of crop at affordable prices. There is high scope for the Seed Coating Materials Market during 2016-2021.
Scope and Regional Forecast of the Seed Coating Materials Market:
According to the IndustryARC research analysis studies on the Seed Coating Materials Market, the increasing population around the world has generated the need for the higher production of agricultural crops, which is expected to drive the demand through 2021. In order to reduce negative impact on the environment and enabling better crop protection, this market is expected to increase during 2016-2021.
North America is expected to be dominant in terms of revenue contribution in Seed Coating Materials Market. The growing demand of healthy packaged food and beverages in North America is anticipated to back the demand for seed coating materials. Globally, this market is growing at a CAGR of 7.5% from 2016 to 2021.
The Seed Coating Materials Market in developing region of Asia-Pacific, China and India are the prominent countries in terms of the production of crops contributing to significant share for seed coating market in Asia Pacific region. The polymer segment occupies the highest share in terms of revenue in the seed coating material market during the period from 2016 to 2021.
Segmentation and Key Players of the Seed Coating Materials Market:
The Seed Coating Materials Market is segmented into various categories in the IndustryARC marketing research report by type, by crop type and by geography.
- By type: polymers, colorants, pellets, minerals, pumice, binders and other additives
- By crop type: cereals & grains, fruits & vegetables, oil seeds, pulses, flowers and ornamental plants and others
- By geography: North America, South America, Europe, Asia Pacific and ROW
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The key players in the Seed Coating Materials Market according to the IndustryARC research report are as follows:
- BASF SE
- Bayer Cropscience Ag
- Du Pont
- FMC Corporation
- Chemtura Corporation
The Seed Coating Materials Market is a growing steadily due to increasing importance of seed technology in the agriculture sector and for the good yield. This market is expected to witness inconsistent demand in various regions depending on the crops and agricultural sector of the area during 2016-2021.
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