Increasing demand for high-quality seeds fuels the Seed Coating Market

Market overview:
The global Seed Coating Market was assessed to be 1.8 billion USD in the year 2021, and it is predicted to reach over 3 billion USD by 2026 at a CAGR of 8.5% during the conjecture period.

Market Drivers and Restrains:
Increased protection from pests and diseases, easy handling, and flowability through planters are some of the major growth factors of the global Seed Coating market. Furthermore, increase in consumption for cereals, grains, oilseeds, pulses and vegetables, and the rise in demand for high quality seed materials are some of the driving factors of Seed Coating business.

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Report is segmented as:
The global Seed Coating market is segmented on the basis of process, additive, crop type and active ingredients.

On the basis of additive, the global Seed Coating market is segmented into polymers, colorants, pellets, active ingredients, minerals, pumice, wetting and dispersing agents, anti-foaming agents, thickeners and solvents.

By crop type, the Seed Coating market is segmented into cereals & grains, vegetables, flowers & ornamentals, oilseeds and pulses, turf and forage grasses.

By process, the Seed Coating market is divided into film coating, encrusting, pelleting.

By active ingredients, the global market for Seed Coating is divided into protectants, phytoactive promoters, adjuvants and inoculants.

Geographical Segmentation:
North America holds the major share of the market owing to the increasing demand for seed coatings, rising need for cereals and grains, oilseeds and pulses across the nations like the USA and Canada. This region is also foreseen to hold the dominance during the envisioned period. Europe region holds the second largest share of the market as this area is witnessing a high demand for biodegradable and seed coating products due to the strict regulations by the government of European countries.

Impact of COVID-19 on Seed Coating Market
The unprecedented coronavirus pandemic is expected to have a strong impact on the growth prospects of the Seed Coating market, especially in the first half of the projection period. Production cycles and freight transportation are expected to be delayed as government agencies around the world impose lockdowns as precautions to contain the spread of COVID-19. Major players in the Seed Coating market are expected to seek solutions to solve supply chain problems in this timeframe.

Key market players:
Major international players in the global Seed Coating market include Precision Laboratories LLC (US), Germain Seed Technology, Croda International PLC (UK), Sensient Technologies (US), BASF SE (Germany), Bayer (Germany), Clariant AG (Switzerland), BrettYoung Seeds Limited (Canada), Inc (US), and Centor Oceania (Australia).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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