The seed coating materials market is projected to grow at a CAGR of 7.6% from 2015 to reach a projected value of USD 1.63 Billion by 2020. The market growth is driven by increasing population demanding more food supply, rising technological advancement in the agricultural industry, and introduction of innovative seed technologies all over the globe, leading to increased use of seed coating materials.
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The report "Seed Coating Materials Market by Type (polymers, Colorants, pellets, minerals/pumice, and Other Additives), Crop Type (Cereals & Grains, Oilseeds & pulses, Fruits & Vegetables, flowers & ornamentals), & by Region - Global Trends & Forecasts to 2020", The seed coating materials market is projected to grow at a CAGR of 7.6% from 2015 to reach a projected value of USD 1.63 Billion by 2020.
Browse 73 market data Tables and 44 Figures spread through 160 Pages and in-depth TOC on "Seed Coating Materials Market by Type (polymers, Colorants, pellets, minerals/pumice, and Other Additives), Crop Type (Cereals & Grains, Oilseeds & pulses, Fruits & Vegetables, flowers & ornamentals), & by Region - Global Trends & Forecasts to 2020"
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The seed coating materials market is projected to grow at a CAGR of 7.6% from 2015 to 2020. Quality, appearance, and nutritive value of the seeds have been of importance to the growth of the seed coating materials market.
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Seed coating materials offer great help to raise the commercial value of the seeds by enhancing the appearance of the seeds, improving the nutritive value of the seeds making them more productive and helping in the application of biological seed protectants to avoid crop damage. Hence, seed coating materials will be viewed as a business opportunity in the next five years.
As a result, many multinational players have entered into the production of varied types of seed coating materials.
Strong product platform provided by cereals & grains segment
Seed coating materials can be applied to cereals & grains, fruits & vegetables, flowers & ornamentals, oilseeds & pulses, and other crops such as turf and forage grass. The demand for seed coating materials is driven by consumer awareness about the qualities of coated seeds and their advantages to increased crop yield.
Significant growth observed in seed coating polymers
The major types of seed coating materials include polymers, colorants, pellets, minerals/pumice, and other additives. Seed coating polymers are widely used as coating materials in two major forms which are polymer gels and superabsorbent polymer gels.
These are water-based polymers of low viscous range needed for better seed germination.
Innovative, environment-friendly, and cost-effective solutions key to success in the North American region
The U.S. and Canada constituted the largest country markets in the North American region in 2014. Increasing awareness about the benefits of seed coating materials is leading to the growth in these regions.
Also, adding seed coating materials is an economical option and is preferred by the Canadian farmers as a risk-hedging technique which has led to increased sales of coated seeds in the North American market. North America dominated the market and accounted for the largest share globally, as these products have been achieving acceptance even among the organic cultivators which prefer only environment-friendly ways for cultivation.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as BASF SE (Germany), Bayer CropScience AG (Germany), Clariant AG (Switzerland), Croda International PLC (U.K.), and Platform Specialty Products Corporation (U.S.).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market sizing & growth analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global seed coating materials market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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