The seed coating materials market is
projected to grow at a CAGR between 7.0% to 8.0% from 2019 to 2024. The market
is majorly driven by increasing importance to the quality and appearance of the
seed giving higher commercial value to the seeds. Along with this, the
functional properties of seed coating materials to increase the nutritive value
of the seeds resulting into higher crop yield is also triggering the demand for
seed coating materials. Innovation in farming techniques and conventional farming
practices is also diving the market for seed coating materials, as the leading
companies are investing huge sums of money in R&D and introducing
innovative products with better results and high effectiveness.
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The seed
coating materials market is studied based on its types, crop types and region.
Among the types of seed
coating materials, polymers held the largest market share in 2016,
followed by pellets and colorants. The widely used polymers are majorly of two
types: polymer gels and superabsorbent polymers and have low vicious range
which helps better seed germination. Thus the use of polymers is highly done in
the seed coating materials.
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The seed
coating materials market is studied for North America, Europe, Latin America,
Asia-Pacific ad RoW that includes South Africa, the Middle East, and others.
North America dominated the market with the largest market share followed by
Europe and Asia-Pacific. U.S. and Canada have the largest market share in the
country-level market in North America region. Increasing awareness about the
benefits of coated seeds and increasing demand of coated seeds from the organic
cultivators is driving the seed coating materials market in the North American
region.
The crop
types considered in the seed coating materials market are cereals & grains,
oilseed & pulses fruits & vegetables, flowers & ornamentals and
others. The cereals & grains segment dominated the market in 2016 followed
by fruits & vegetables and oilseed & pulses.
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