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Seed Coating Material Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2016 and Forecast 2017 to 2024
Seed Coating Material Market
Market Outline: Seed Coating Material Market
Seed coating is a process of coating seeds with various materials such as plant growth regulators, repulsive agents like chemicals and fertilizers. Seed coating enables enhance yield of crop, increase shelf life, high rates of seeding.
Market Dynamics: Seed Coating Material Market
Increase in demand for coated seeds, innovations in agricultural practice, and rise in awareness among farmers regarding benefits of seed coating are expected to boost the demand for seed coating material market. Furthermore, growing population pool, increase in consumption food grains, and inclination towards sustainable agriculture practices, initiatives and subsidies by governments will fuel the market growth of seed coating material market. However, stringent regulatory framework, difficulty in getting uniform coating on seed, incompatibilities between dye and the active ingredients are expected to dampen the market.
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Market Scope: Seed Coating Material Market
The seed coating material market is classified on the basis of product type, crop type, application and regions.
Based on type, market is segmented as
• Colorants
• Minerals or Pumice
• Polymers
• Pellets
• Others
Based on crop type, market is segmented as
• Grains and Cereals
• Fruits and Vegetables
• Turf and Ornamental Plants
• Oilseeds and Pulses
Based on Region, Market is segmented as
• Latin America
• Europe
• Asia Pacific
• North America
• The Middle East and Africa
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Region Overview: Seed Coating Material Market
Seed coating material market is expected to show a significant growth rate due to swift in the growth of agricultural sector. Market growth is especially observed in developing regions and emerging countries due to these countries are dependent on agriculture sector. Major market players in seed coating material market are focused on the geographical expansions to the developing countries especially India, China, Japan, Brazil. Market players are concentrating on the acquisitions, mergers, partnerships and new product developments in order to strengthen the market presence.
Seed coating material market is segmented as Latin America, Europe, Asia Pacific, North America, and The Middle East and Africa. U.S. holds the largest share in North America seed coating material market. Extra subsidies by the government, inclination towards cutting-edge agricultural technologies are expected to drive the seed coating material market in North America. Asia Pacific is anticipated to have a rapid growth in seed coating material market during the forecast period owing to high dependence on the agriculture revenue, rising demand for coated seeds, presence of large number of unmet needs and untapped opportunities.
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Competition Assessment: Seed Coating Material Market
Some of the players in seed coating material market are
• DuPont (U.S.)
• Adjuvant plus Inc. (Canada)
• Monsanto Company (U.S.)
• Momentive Performance Materials (U.S.)
• Syngenta AG (Switzerland)
• Akzonoble N.V. (Netherlands)
• Bayer CropScience AG (Germany)
• Brandt Consolidated (U.S.)
• Solvay SA (Belgium)
• The Dow Chemical Company (U.S.)
• Croda Chemicals (India)
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