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Seed Coating Materials Market Opportunity To Reach USD 2 Billion by 2024: Global Industry Analysis, Size, Share, Future Trends And Latest Research Report
Seed Coating Materials Market
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. Owning to the technological strides and growing demand for quality produce, the market of seed coating materials is experiencing a surge. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Seed Coating Materials Market Research Report- Forecast to 2023 that the market will demonstrate a remarkable CAGR % while achieving good growth rapidly in the forecast period.
Escalating demand for high-quality seeds is prompting the high growth of global seed coating materials market. Support from the government and high investments in the agricultural R&D sector has added fuel to the growth of this market globally. Increasing demand for agricultural products in the growing population, to meet up the heavy demands is also influencing the escalation of this segment. The sector is driven in a major way by increasing farmers' awareness and high demand for insecticide and disease resistance seed varieties.
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Seed Coating Materials Industry Updates
Jan 2018 The BioAg Alliance announced the launch of new seed coatings in order to help the farmers to achieve good quality yields. The product is anticipated to be promoted as Acceleron B-360 ST which will help in building healthy root systems into the plants.
Dec 2017 In order to promote their product offerings on the seed coating business, Clariant exhibited "Agrocer"- seed pigments and pigment preparations at the Chicago Hyatt Regency. The colorants disperse easily in the water and are suitable for dust-free dry stir applications.
Jun 2017 In order to suffice the growing demand for seed coatings, Incotec- a seed enhancement company announced the launch of three new film coats for corn in Hungary. These film coatings for seeds will reduce the issues of dust-off, flow through equipment, abrasion and plantability in corn.
Seed Coating Materials Market - Competitive Analysis
Key players in the global seed coating materials market are focusing on promotions to spread awareness among the farmers to enhance the use of seed coating materials on a global level. Additionally, based on economic developments and technological advancements, players in the seed coating materials market are identified to invest hugely in the R&D sector to come up with quality products which will further strengthen their business portfolio. The best long-term growth opportunities for this sector can be captured by ensuring ongoing product improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Seed Coating Materials Market report are BASF SE (Germany), Element Solutions Inc (US), Incotec Group BV (Netherlands), Clariant International AG (Switzerland), Bayer (Germany), Chromatech Inc. (US), Keystone Aniline Corporation (US), Precision Laboratories Inc. (US), Brett-Young Seeds Ltd. (Canada), Germains Seed Technology, Inc. (US), and Croda International Plc. (UK)
Seed Coating Materials Market - Segments
The global Seed coating materials market has been divided into type, crop-type, and region.
On The Basis Of Type: Polymers, Colorants, Binders, and Others
On The Basis Of Crop-Type: Fruits & Vegetables, Cereals & Grains, Pulses & Oilseeds, and Others
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
Access Report Details @ https://www.marketresearchfuture.com/reports/seed-coating-materials-market-5492
Seed Coating Materials Market - Regional Analysis
The global Seed coating materials market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). This market is highly dominated by North America due to rapid adoption of developed and efficient farming practices by the farmers to increase their yield. Asia Pacific is the fastest growing region owning to developing economic conditions in countries like India, China and Japan. The consumption of seed coating materials in developing counties like India, Brazil is expected to grow at a higher rate in the upcoming years.
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