The global seed coating materials market was valued at US$ 1.22 Billion in 2016 and is expected to reach US$ 2.48 Billion by 2025, at a CAGR of 8.43% during the forecast period (2017–2025), according to a Global Seed Coating Materials Market by Product Type (Polymers, Colorants, Binders, Minerals and Others), by Crop Type (Fruits & Vegetables, Cereals & Grains, Flowers & Ornaments, Oil Seeds and Others) published by Coherent Market Insights. Increasing integration of technologically advanced processes in farming, increasing awareness about advantages of seed treatment among farmers, rapid adoption of good agricultural practices across the globe are some of the factors expected to augment growth of the global seed coating materials market. Some of the major drivers pushing the demand for the same include increasing demand for high performance polymer coatings and increasing trade activities in the field of treated seeds across regions.
Stringent environmental government regulations imposed on chemicals used for coating and growing unorganized market, especially in the polymer coatings is expected to hinder the growth of this market. According to EPA, volatile organic compound regulations have to meet a level of stringency called as Reasonably Available Control Technology, which is defined as lowest level of emissions that can be attained taking into account technical and economic consideration.
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Key Trends and Analysis of the Seed Coating Materials Market:
Among product types, polymers segment held a dominant position in the market in 2016. This is owing to various advantages polymeric coating offer such as easy to pour and clean, high efficacy, flexible opacity, and others.
Among crop types, cereals & grains segment accounted for highest market share in 2016, owing to increase in consumption of cereals & grains in daily diet. This factor is expected to boost growth of the segment in the global seed coating materials market over the forecast period.
Key Takeaways of the Market:
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