(PharmaNewsWire.Com, March 13, 2018 ) The Global Seed Coatings Material Market was worth $1100 million in 2016 and estimated to be growing at a CAGR of 7.8%, to reach $1601.35 million by 2021. The seed coatings material market is growing progressively due to increasing significance of seed technology.
Seed coating is the method of coating seeds precisely with several materials such as plant growth regulators, repulsive agents like crop protection chemicals and fertilizers among many others. The main purpose of seed coating material is to ensure speedy growth and timely supply of crop at reasonable prices.
The seed coatings material market is driven by factors such as growing demand of coated seeds by innovative agricultural skills, increasing awareness among the farmers about the profitable use of seeds, and growing need of seed treatment, directing towards an augmented agricultural output. The growing population around the globe has created the necessity for the greater production of agricultural crops, which is estimated to fuel the seed coatings material market. Though, restricted usage such as greater dependence on seed surface, compatibility with active ingredient and dye, and application temperature may hamper its growth during the forecast period.
Global market for Seed Coatings Material is segmented by type into Polymers, Colorants, Pellets and Minerals/Pumice. Based on application the market is bifurcated among Cereals & Grains, Fruits & Vegetables, Flowers & Ornamentals and Oilseeds & Pulses. Polymers type is further sub segmented into Polymer Gels and Superabsorbent Polymer Gels. Polymers are used on a big measure owing to their practical qualities which help in the germination of seeds and improve the seed performance leading to greater crop yield. The seed coating materials market is led by the cereals & grains segment, the demand for cereals and grains is endlessly increasing as it is a vital part of the everyday meal of rising population.
Geographically the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. The seed coating materials are becoming prevalent with seed industrialists in the emerging regions of Asia-Pacific and Latin America, mostly due to the increasing demand for treated seeds by the farmers, as an outcome of growing awareness about the aids of treated seeds.
Major companies known in the seed coating materials market include Platform Specialty Products Corporation (U.S.), Croda International PLC (U.K.), Precision Laboratories LLC (U.S.), INCOTEC Group BV (The Netherlands), BrettYoung Seeds Limited (Canada), Keystone Aniline Corporation (U.S.), BASF SE (Germany), Clariant AG (Switzerland), Bayer CropScience AG (Germany) and Germains Seed Technology Inc. (U.K.).
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