The seed coating materials market has been making quantum leaps toward exponential growth across the globe. Underpinning this growth is a consistent rise in the demand for high-quality seeds, increased need for protection against pests and diseases, and smooth handling and flowability through planters. Globally, farmers are incorporating latest farming technologies in crop production and distribution. As compared to uncoated seeds, coated seeds are more likely to boost crop performance – this has resulted in an increased the demand for seed coating materials in the global agriculture industry. The cumulative force of these factors are clear indicators that the seed coating materials market is poised to flourish during the forecast period.
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Strong R&D and Innovation to Unlock Lucrative Business Opportunities
Today, several market players in the agriculture industry are experiencing business challenges pertaining to low awareness about the benefits of coated seeds, aggressive commercialization, and the adoption of genetically modified seeds. As a result, market players are increasing R&D activities that can enable them to launch organic and natural seed coating materials, thereby overcoming the aforementioned challenges. Several manufacturers are expected to pursue strategic partnerships and M&A, along with expanding their current production capabilities, to sustain their dominance in the seed coating materials market. Moreover, environmental concerns have intensified the need for protection and maintenance of crop yield, thus creating sound growth prospects for the global seed coating materials market.
Polymer Holds Significant Share in the Seed Coating Materials Market
Based on additives, the seed coating materials market is segmented as polymers, colorants, pellets, active ingredients, minerals or pumice, and others. Among these, the polymers segment is anticipated to grow at a robust pace during the forecast period, followed by the colorants and pellets segments. Polymers include functional qualities that improve the nutritive value of seeds and enhance their appearance. Consequently, the polymers segment is more suitable choice for industry players in the seed coating materials market. In the long term, this segment is set to attract significant demand, thus substantially contributing toward unleashing promising revenue streams in the global seed coating materials market.
Surging Demand and Increasing Awareness of Bio Products Augurs Well for North America
North America exhibits higher growth prospects as the usage of seed coating materials is relatively higher in this region. Growing demand for high yield, rising awareness of bio products, presence of key market players, and favorable government norms are creating considerable growth in North America’s seed coating materials market. Besides, the increasing focus on the reduction of crop rotation and growing emphasis on expanding the size of farms are likely to fuel the demand for seed coating materials in North America. Further, the seed coating materials market in the Asia Pacific is progressively inching toward maturity due to the rising demand for seed coating materials and presence of a flourishing agriculture industry in emerging economies of this region.
Key Market Players
Prominent players across the global seed coating material market are BASF SE, Clariant International, ORCO, Bayer CropScience AG, and Croda International.
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