Global Seed Coating Materials Market
The global Seed Coating Materials market was valued at USD 1.23 billion in 2016 and is projected to reach USD 2.33 billion by 2025, growing at a CAGR of 7.40% from 2017 to 2025.
Seed coating materials are majorly used for enhancing shelf life along with appearance. The introduction of sustainable agricultural practices are driving market demand of these products. The development of new species in flowers and ornamental varieties is expected to further augment market demand.
1. Market Drivers
1.1 Rising demand in advanced farming techniques
1.2 Advancement in seed technologies
2. Market Restraints
2.1 Stringent government regulations
2.2 Difficulty in disposal of treated seeds
The global Seed Coating Materialsmarket is segmented on the type, crop type, and region.
1. By Type:
2. By Crop Type:
2.1 Oilseeds and Pulses
2.2 Grains and Cereals
2.3 Flowers and Ornamentals
2.4 Vegetables and Fruits
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. BASF SE
2. Germains Seed Technology Inc.
3. Bayer Cropscience AG
4. Precision Laboratories LLC
5. Keystone Aniline Corporation
7. Incotec Group
8. Croda International
9. Brettyoung Seeds
10. Platform Specialty Products Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Seed Coating Materials Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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