Market Overview:

Seed coating is a procedure where seeds are applied with material like fertilizers, repulsive agents, chemicals plant growth regulators and others that offer both aesthetic and environmental advantages. The objective of seed coating material is quick multiplication and timely supply of crop at a low price. Other benefits related to seed coating material include high yield per hectare, flat seeding rate, multicomponent product and others are also driving the call for these materials across the globe. This growth is mainly observed in the developing regions, where agriculture is the major contributor to the overall economy. The world seed coating material market was valued at USD 1278.29 million in 2019 and is determined to rise at a CAGR of 7.8% to reach USD 1860.9 million by the end of 2024.

Market drivers and restraints:

Mounting global population has generated the need for the production of high crops that is estimated to boost the demand for seed coating material market during the projected period. Also, to reduce the impact on the environment and for protecting plants, the seed coating market is estimated to flourish in the future. Nevertheless, limited use like higher dependency on seed surface, compatibility with the active ingredient and dye, and application temperature may hinder its expansion throughout the review period.

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Report segmented as:

By type:

Polymers
Colorants
Binders
minerals/pumice
other additives
By crop type:

cereals & grains
fruits & vegetables
flowers & ornamentals
oilseeds & pulses
others
Geographical analysis:

Based on geography, the seed coating material market segmentation includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America is estimated to be leading in terms of revenue contribution followed by Europe.

Important market players:

Major market players in this segment include Bayer Cropscience AG, Clariant International, Precision Laboratories LLC, Chemtura Corporation, BASF SE and Chromatech Incorporated and Incotec Group Bv., Croda International PLC, Platform Specialty Products Corporation, and BrettYoung Seeds Limited.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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