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Seed coating materials market worth 1.63 Billion USD by 2020
Feb. 18, 2016
According the report of "Seed Coating Materials Market - Global Trends & Forecasts to 2020",the Seed Coating Materials Market is projected to grow at a CAGR of 7.6% from 2015 to 2020.
Quality, appearance, and nutritive value of the seeds have been of importance to the growth of the Seed Coating Materials Market. Seed coating materials offer great help to raise the commercial value of the seeds by enhancing the appearance of the seeds, improving the nutritive value of the seeds making them more productive and helping in the application of biological seed protectants to avoid crop damage. Hence, seed coating materials will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of seed coating materials.
The demand for seed coating materials is driven by consumer awareness about the qualities of coated seeds and their advantages to increased crop yield.
The major types of seed coating materials include polymers, colorants, pellets, minerals/pumice, and other additives. Seed coating polymers are widely used as coating materials in two major forms which are polymer gels and superabsorbent polymer gels. These are water-based polymers of low viscous range needed for better seed germination.
Innovative, environment-friendly, and cost-effective solutions key to success in the North American region
Leading makert players are BASF SE (Germany), Bayer CropScience AG (Germany), Clariant AG (Switzerland), Croda International PLC (U.K.), and Platform Specialty Products Corporation (U.S.).
Source: MarketsandMarkets (M&M)
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