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Oct 12, 2018
Seed Coating Market is likely to witness an impressive CAGR of 8% during the forecast period of 2021-2026. The prime factor that is contributing to the demand for seed coating
is mainly the increasing demand for high quality seed materials to enhance the yields.
The seed coating market is a growing industry that involves treating seeds with a variety of materials to enhance their performance and protect them from disease and pests. Seed coatings can include anything from fungicides and insecticides to nutrients and growth regulators.
The demand for seed coatings has been increasing due to the growing global population and the need for higher crop yields. Seed coatings can improve crop productivity, plant standability, and disease resistance. They can also reduce the amount of pesticide needed to protect crops, making them more environmentally friendly.
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Key Players
Some of the major players in the seed coating market are-
BASF SE, Bayer AG, Brett Young Seeds Ltd, Clariant AG, Croda International Plc, Germain Seed Technology Inc., Michelman, Inc, Precision Laboratories, Sensient Technologies, Smith Seed Service.
Regional Analysis
In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for seed coating during the forecast period, with the USA, Canada, and Mexico, being the major countries with lucrative growth opportunities. Favorable trade and price support systems have stimulated the import and export of cereals and oilseeds in the US. The usage of seed coatings is considered a risk-hedging technique and is considered to be a safe investment, which has led to increased sales of coated seeds in the North American market. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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