New York City, NY, 10 February, 2020/ 24 Market Reports: It is estimated for the global seed coating market to grow from USD 1.6 billion in 2019 and reach that of USD 3.3 billion by the year 2025, witnessing the growth at a CAGR of 8.8% during the forecast period of 2019 to 2025. The growing demand for high-quality seeds, increased protection from pests and diseases, easy handling, and flowability through planters are the major factors that are driving the growth of the market during the forecast period.
The polymer segment to account for the largest share in the market during the forecast period
Polymers, colourants, pellets, minerals/pumice, active ingredients and others are the segmentation for the seed coatings based on additives. Followed by pellets and colourants, the polymer segment is estimated to account for the largest share in the market during the forecast period. Owing to their functional qualities of improving the nutritive value of seeds and enhancing their appearance, the polymers are used on a large scale and thus driving the growth of the market during the forecast period.
Cereals and coatings segment to be the fastest-growing crop type in the market during the forecast period
Followed by the oilseeds & pulses, vegetables and flowers & ornamentals segment, the seed coating segment is expected to dominate the cereals and coatings segment based upon the crop types. During the forecast period, it is estimated for cereals and coatings segment to be the fastest-growing crop type in the market. The trend of using coated seeds is rising on a large scale in regions that witness extensive production and cultivation of cereals, grains, oilseeds & pulses, and vegetables. This factor is been driving the growth of the market for the above-mentioned crops.
Protectants to witness the significant growth in the seed coating market
Protectants are the category for the active ingredients segment of the seed coating market. It is estimated for the protectants segment to witness significant growth in the market during the forecast period. The increasing incidence of soilborne pests and diseases is the major factor that is driving the growth of the protectants segment in the seed coating market during the forecast period.
Stringent regulations to hinder the growth of the seed coating market during the forecast period
The regions in Europe and North America are witnessing the increase in demand for cereals, grains, oilseeds and pulses that are mainly used in the food and feed industries. The increase in the import and export of cereals and oilseeds in the U.S is been witnessed due to the favourable trade and price support systems. The increased sales of coated seeds in the North American market is as the usage of seed coatings is considered a risk-hedging technique and can be considered as a safe investment. The consumption of health-enriching food products in the North American region is increasing as the key manufacturers in the food processing industries for cereals & grains and oilseeds & pulses are focusing on catering to the consumer demands.
Due to the regulations laid down by the European Union (EU) on chemical-based seed coatings, the countries in Europe are witnessing a high demand for biodegradable seed coatings products. It results in the accumulation of non-degradable waste in the soil. The manufacturers are reducing the manufacturing costs due to the factors such as stringent regulations for coatings and increasing cost of raw materials that are affecting the final price of seed coating materials in the market.
The following are the major objectives of the study:
- To define, describe, and forecast the global seed coating market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global seed coating market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for global seed coating market and their future potential during next decade?
- How competitive landscape is evolving in global seed coating market?
