Market Overview
The Seed Coating Materials market share is growing rapidly, mainly due to the adoption of these substrates that have been rising colossally in recent years. The ever-increasing global population acts as a significant tailwind for the market growth, presaging the growing demand for food. Application of these agriculture adjacencies ensures a fruitful harvest, which is allowing them to garner immense popularity.
According to Market Research Future (MRFR), the global Seed Coating Materials market share is poised to touch a valuation of USD 2 BN by 2024. MRFR, in its recently published report, also asserts that the market would register a CAGR of approximately 7.2% throughout the forecast period (2019–2024). The rising demand for effective agricultural adjuvants is another key driving force driving the market for seed coating materials.
The increasing adoption of advanced farming technologies is amongst some of the major factors responsible for surging the market demand. Seed coating materials demonstrate multiple benefits to plant growth and nutrition, collaboratively working between green materials and seed technologists. These coating materials provide an excellent delivery system for seeds at the time of sowing. Seed coatings hold the potential to enhance seedling and plant growth.
Key Players
Players leading the global Seed Coating Materials market share include Element Solutions Inc (US), BASF SE (Germany), Incotec Group BV (Netherlands), Bayer (Germany), Clariant International AG (Switzerland), Chromatech Inc. (US), Precision Laboratories Inc. (US), Keystone Aniline Corporation (US), Brett-Young Seeds Ltd. (Canada), Croda International Plc. (UK), and Germains Seed Technology, Inc. (US), among others.
Market Segmentation:
The market is segmented into three dynamics to widen the scope of understanding,
By Type : Polymers, Colorants, Binders, and others.
By Crop Type : Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, and others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Access Report @ https://www.marketresearchfuture.com/reports/seed-coating-materials...
Regional Analysis
North America is expected to continue leading the global Seed Coating Materials market share throughout the forecast period. The largest share of the region attributes to the high awareness level among farmers regarding the benefits of seed coating materials and the presence of a large number of key players.
Moreover, massive demand for these agriculture adjacencies, especially in the US, catalyzes the growth of the regional market. Furthermore, rising governmental emphasis on increasing the crop yields and stringent regulations regarding food safety are key driving forces behind the growth of the Seed Coating Materials market share in North America.
The Seed Coating Materials market share in the European region is another significantly growing market, globally. Agriculture is one of the major industries that is contributing to shaping the landscapes in rural areas in Europe. Farming is an inherent part of food systems, and the range of food produced in the region is diverse. The region is entirely self-sufficient in most agricultural major commodities and the single largest exporter of agri-food products.
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