Seed Coating Materials Market Revenue Growth Predicted to 2026 by Global Top Players - Clariant International, Chemtura Corporation, BASF SE, Bayer CropScience

Seed coating is the method of protecting seed by covering it with protective material such as polymers, binders, colorants etc. The main purpose of seed coating is to improve performance of seed and timely supply of seeds at reasonable prices. Increasing population across the globe has increased requirement for agricultural crops, which is expected to boost growth of global seed coating materials throughout the forecast period. According to UN survey, world population was 7.442 billion in 2016 and is reached to approximately 7.576 billion in October 2017.

Market Dynamics

The increasing demand for seed coatings in advanced farming technology is projected to fuel growth of global seed coating materials market over the forecast period. North America held highest revenue share and the region is expected to maintain a dominant position in the seed coating materials market, due to high awareness of seed treatment in the region. Owing to increasing consumption and production of cereals & grain, cereals and grain segment is projected to hold a dominant position in the market. Increasing demand for polymeric seed coatings is expected to have positive impact on growth of polymer segment in the near future.

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North America accounted for highest revenue share and was valued at US$ 0.42 billion in the global seed coating materials market in 2016. The region is expected to retain its dominance throughout the forecast period, due to increasing awareness about advantages of seed treatment such as seed germination enhancement, better seed performance in adverse conditions fuelled by government seed treatment campaigns in the region.

According to a study by Coherent Market Insights, the global seed coating materials market was valued at US$ 1.22 billion in 2016 and is expected to witness a CAGR of 8.43%, in terms of revenue, over the forecast period (2017 – 2025).

North America held highest revenue share of 34% in the global seed coating materials market, in 2016 and the region is projected to maintain its dominance in the near future. Europe accounted for the second largest revenue share in global seed coating market in 2016 and is expected to maintain its position over the forecast period.

Major Players in the Global Seed Coating Materials Market

The major players in the seed coating materials market include Clariant International, Chemtura Corporation, BASF SE, Bayer CropScience AG, Precision Laboratories LLC, Croda International PLC, Platform Specialty Products Corporation and Chromatech Incorporated among others. Key players are strategically investing in the Seed Coating Materials market, to enhance their product portfolio through collaboration, joint ventures, merger & acquisitions. For instance, in 2017, BASF signed an agreement to acquire significant parts of Bayer’s seed and non-selective herbicide businesses.

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This release was published on openPR.