Covid-19 Impact On Seed Coating Materials Global Industry Analysis, Development, Revenue By 2024

By Author: Nikhil khadilkar
Total Articles: 431
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Market Overview

Seed Coating Materials Market is expected to garner a revenue of USD 2 billion by 2024, with a CAGR of approximately 7.2% during the forecast period, 2019–2024.

Certified seed coating materials are more reliable and contribute towards more profits. The main notion of seed coating materials is to decrease the cost & quantity of inputs required to grow the crop and modify basic agronomic properties. However, heavy expenses incurred on seed coating process, and stringent government guidelines on the use of Seed Coating Materials Industry are a major challenge to this market.

Crops produced from coated seeds are largely beneficial for primary producers owing to important agronomic characteristics such as controlled germination, herbicide tolerance, pest & disease resistance, and insect resistance. Coated seeds using polymers and other coating materials have shown a huge acceptance among the farmers owing to growing awareness and benefits associated with the use of coated seeds. Seed coating materials are gaining popularity in the seed industry owing to various associated benefits, which ...
... is likely to surge the global seed coating materials market.

Downstream analysis

The seed coating materials market is segmented into type and crop type.

Based on type, it is segmented into polymers, colorants, binders, and others. Among all, the polymers segment is dominating. The significant reason for this growth is its wide range of use owing to their functional qualities and nutritive value.

Based on crop type, it is segmented into fruits & vegetables, cereals & grains, pulses & oilseeds, and others. Among all, the cereals & grains segment is dominating the market.

Competitive analysis

The major players in seed coating materials market

BASF SE (Germany)
Incotec Group BV (the Netherlands)
Clariant International AG (Switzerland)
Bayer CropScience AG (Germany)
Chromatech Inc. (U.S.)
Keystone Aniline Corporation (U.S.)
Precision Laboratories Inc. (U.S.)
Brett-Young Seeds Ltd. (Canada)
Germains Seed Technology, Inc. (U.S.)
Croda International Plc. (U.K)
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Regional Analysis

The global seed coating materials market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the seed coating materials market. This is attributed to the increasing consumption of seed coating materials due to the increasing population and demand for new and enhanced agricultural products. Additionally, the major key players are actively involved in research & developments to develop products conforming to North American regulations for seed coating materials.

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