According to a new market research report, “Seed Coating Materials Market by Type (Polymers, Colorants, Binders, and Other Additives), by Crop Type (Cereals & Grains, Oilseeds, Fruits & Vegetables) & By Geography - Global Trends & Forecasts to 2019” the seed coating materials market is projected to grow from $924.50 million in 2013 to $1,426.78 million by 2019, with a CAGR of 7.5% from 2014 to 2019. It also explains the driving and restraining factors of the global seed coating materials market with an analysis of trends, opportunities, and challenges.
Seed coating materials play an important role in assisting seeds to tolerate abiotic stresses and physical damage until a suitable period for germination. These help in binding the active ingredients to the seed, provide a unique recognizable appearance, and protect from pest or rodent damage. There are three major types of seed coating materials, namely polymers, binders, and other additives which are utilized in different quantities and concentrations depending on the type of active agricultural ingredients. Agricultural active ingredients include pesticides, fertilizers, and other biological active agents which increase crop yield.
Browse 75 market data tables and 61 figures spread through 145 pages and in-depth TOC on Seed Coating Materials Market.
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The seed coating materials market is segmented by type, by crop type, and by geography. The market size of each region such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW) is projected in the report. The key countries such as U.S., Germany, China, and Brazil are covered and their market size is forecasted along with their growth rates.
Polymer is the single-largest segment, holding 27.9% share of the global seed coating materials market in 2013 and is projected to grow with a CAGR of 8.4% from 2014 to 2019. North America is the largest market of polymer and Europe stood second in 2013.
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The seed coating materials market consists of four crop types; they are cereals & grains, oilseeds, fruits & vegetables, and other crops. The demand for coating materials for cereal and grain seeds accounted for the largest share in 2013, at $302.57 million, and it is projected to reach $484.77 million by 2019. North America was the largest consumer of cereals & grains in 2013, followed by the Asia-Pacific region.
Leading companies such as Bayer CropScience (Germany), BASF SE (Germany), and Clariant International (Switzerland) are focusing on the expansion of their seed coating material business through acquisitions and agreements to increase their production and distributional network.
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