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Seed Coating Materials Market to grow at a CAGR of 8.5%
seed coating materials market, seed coating materials market by type, seed coating materials market data, seed coating materials m
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Market Insights
The global market for seed coating materials is expected to grow at a CAGR of 8.5% during the forecast period of 2016-2021. Revenue generated by the seed coating materials industry was USD 970.7 million in 2015 and is expected to grow to USD 1583.6 million by 2021.The market is expected to grow at a dynamic pace for the next five years, owing to the increase in demand for high-yielding and healthy seeds. Emerging countries such as China, India, and Brazil are leading the market, given the high importance of agriculture in their economy and the high possibility of growth in agricultural production. Europe and North America are the top two oldest consumer markets for seed coating materials.
Market Dynamics
The global seed coating materials market is driven by new age requirements of agriculture and allied sectors. Major factors driving the segment are the adoption of new seed technologies (Hybrid and GM), innovative farming technologies in developing worlds, the increased demand for multi-functional products and need for low-risk investments in the farming sector. These driving forces are expected to maintain a steady pace of development in the industry. A major constraint for the seed coating materials sector is the environmental concern over the materials (chemicals) used for seed coating. The untapped potential in India and China, in the Asia-Pacific region, and Brazil, in South America, provide great opportunities for companies to expand.
Market Segmentation
The global seed coating materials market is segmented by type, application, and geography. By type, the market is segmented into polymers, colorants, and binders. Polymers hold a majority of the market share, followed by colorants and binders. By application, the market is segmented into cereals & grains, fruits & vegetables, and oilseeds; wherein, cereals & grains hold a majority of the market share. By geography, the market is segmented into North America, Europe, Asia-Pacific, and South America. North America is the biggest consumer of cereals & grains and was the largest market for polymers in 2015.
Major Companies in the sector include:
BAYER CROPSCIENCE
BASF
CHEMTURA
GERMAINS SEED TECHNOLOGY
BRETTYOUNG
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Key Deliverables in the Study
Market analysis for the global seed coating material market, with region specific assessments and competition analysis.
Market overview and identification and analysis of the macro and micro factors that affect the global seed coating material market on both, global and regional scales and instrumental in changing the market scenario.
Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
The report holds importance for the following stakeholders-
Farmers, producers, and manufacturers
Agricultural input companies
Enterprises operating in the industry
Traders and stakeholders operating in the sector
Investors/research institutions interested in the market
Customization Options:
Technical analysis
Supply chain analysis
Regulatory framework
Trade analysis
Trend analysis
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