Seed Coating Materials Market are widely used due to their functional capabilities of increasing seed nutritional content and enhancing seed appearance, resulting in enhanced agricultural yield. As a result, global demand for polymers is expected to rise at an 8.3% CAGR from 2022 to 2032.
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Seed coating chemicals are generally used to increase the shelf life and appearance of seeds. The introduction of sustainable agriculture methods is increasing market demand for these commodities. The introduction of new types of flowers and appealing varieties is expected to increase total demand. The growing demand for natural foods is also boosting the global need for seed coating materials.
Competitive Landscape:
Seed coating companies are focused on merger and acquisition operations as well as new product development and product launches to drive global recognition.
For instance :
In 2021, The Bayer Seed coating business was acquired by Solvay, a seed and grain solutions firm. This agreement will allow Solvay to expand its product portfolio and research & development capabilities for seed-based products.
Key Players:
- Bayer CropScience AG
- BASF SE
- Clariant International
- Croda International
- Incotec Group
- Chromatech Incorporated
- Germains Seed Technology
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Regional Analysis:
The seed coating materials market in the United States is expected to grow at a 7.2% CAGR from 2022 to 2032. The United States is the largest market for seed coatings in North America because to advantageous policies such as obligatory coloring of treated seeds and higher yield demand. growing farm size and crop rotation, as well as growing knowledge of bio-based seed coating products, are driving the country’s need for seed coating materials. While the majority of coatings involve chemicals like copper compounds and antibiotics, the relevance of biologically-based coatings is expanding. In terms of soil microbiome preservation, biological coatings are getting more selective, and they are congruent with organic approaches.
Over the projection period, the Chinese market is expected to grow at a CAGR of 6.4%. China’s growing population has forced the production of additional agricultural goods, which is expected to increase demand for seed coating materials.
Rapid crop protection product and technology deployment, rising consumer demand for plant goods, and growing concern about food security are the factors driving market development in China. The market is growing as a result of increasing awareness of current technologies, favorable government seed coating policies, lifestyle changes, and an increase in disposable cash.
Key Segments of Industry:
- by Type :
- Polymers
- Pellets
- Colorants
- Minerals/Pumice
- Other Types
- by Crop :
- Cereals & Grains
- Fruits & Vegetables
- Flowers & Ornamentals
- Oilseeds & Pulses
- Other Crops
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