New York, Nov,17, 2016: Axiom MRC added a report on global seed coating materials market. The global seed coating materials market is valued at USD 1.6 billion in 2016 and is projected to reach USD 2.4 billion by 2022 at a CAGR of 7.75% for the forecast period 2017 to 2022. The global market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the seed coating materials market.
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The seed coating materials market is segmented based on its types, crop types and region. The seed coating material types include polymers, colorants, pellets, minerals, pumice powder and others which include additives such as wetting and dispersing agents, anti-foaming agents, thickeners, and solvents. The seed coating materials market is segmented on the basis of crop types into cereals & grains, fruits & vegetables, flowers & ornamentals, oilseeds & pulses and others which include turf & forage grasses. The market for cereals & grains is largest followed by fruit & vegetables and flowers & ornamentals. This is mainly due to high demand for cereals & grains as the consumption of cereals & grains is the highest worldwide. The seed coating materials market is studied for North America, Europe, Asia-Pacific, Latin America and rest of the world countries including South Africa and others. The market is headed by North America followed by Europe and Asia-Pacific.
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The global seed coating materials market is driven by factors such as, Increasing importance to the quality and appearance of the seed giving it a higher commercial value, Innovation in farming techniques, Adoption of new seed technologies, Reducing soil quality and constant climatic changes.
The leading players in this industry include Allied Seed Llc, BASF SE, Bayer CropScience AG, Brettyoung Seeds Ltd., Canadian Seed Coaters, Centor Group, Clariant AG, Croda International PLC, Germains Seed Technology Inc., Incotec Group BV, Keystone Aniline Corp, Monsanto Company, Platform Specialty Products Corp, Precision Laboratories LLC, Precision Seed Coaters, Syngenta AG among others.
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