Seed Coatings Material Market projected To Grow With Significant CAGR Over The Forecast Period
PR-Inside.com: 2018-05-17 14:22:19
Seed Coatings Material Market Overview:-
The process of coating the surface of seeds with various materials like plant growth regulators, fertilizers, and other chemicals in order to enhance their various properties. Seed coating can help in improving the crop yield, increase shelf life of seeds and improve their seeding rates.
Dynamics of the Seed Coatings Material Market:-
With rising awareness among farmers about benefits of seed coating, there is an increase in demand for coated seeds. This in turn will fuel the growth for seed coatings material market. Also, there is constant pressure to meet the food demand of growing population, inclination of population towards sustainable agricultural practices, innovations in agricultural sector, and government initiatives which will support the growth in seed coatings material market.
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Seed Coatings Material Market – Segmentation
Seed coatings material market can be segmented on the basis of type, crop type, application and region.
On the basis of product type, the seed coatings material market can be segmented as below:-
• Minerals or Pumice
On the basis of the crop type, the seed coatings material market can be segmented as below:-
• Grains and Cereals
• Fruits and Vegetables
• Turf and Ornamental Plants
• Oilseeds and Pulses
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Region Wise Analysis of the Seed Coatings Material Market
On the basis of geography, the seed coatings material market can be divided into five key markets. They are:-
• Latin America
• Asia Pacific
• North America
• The Middle East and Africa
With U.S being the largest share holder of the seed coatings material market, North America becomes the biggest market for the seed coatings material. Government subsidies, demand for cutting-edge technologies in agriculture are the main growth drivers in this region. Being agriculture dependent economy, countries like India, China, Japan, Brazil are likely to contribute more to the growth of the seed coatings material market in coming years. Thus in the forecasted period, the seed coatings material market likely to observe more demand from Asia-Pacific and Latin American regions due to presence of untapped market and unmet needs. Also, the major players in this industry are planning to have their business expansion in these countries to address this rising demand.
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Major Competitors in the Seed Coatings Material Market
Few of the major players in this segment are as provided below:-
• DuPont (U.S.)
• Adjuvant plus Inc. (Canada)
• Monsanto Company (U.S.)
• Momentive Performance Materials (U.S.)
• Syngenta AG (Switzerland)
• Akzonoble N.V. (Netherlands)
• Bayer CropScience AG (Germany)
• Brandt Consolidated (U.S.)
• Solvay SA (Belgium)
• The Dow Chemical Company (U.S.)
• Croda Chemicals (India)
Seed Coatings Material Market – Key Developments
• The BioAg Alliance, Monsonto Company and Novozymes launched Acceleron B-300 SAT, a yield boosting microbial seed coating in the year 2017.
• January 2012 – Sale of Landec’s seed coating business to Incotec.
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