Asia-Pacific Seed Coatings Material Market was worth $400.7 million in 2021 and estimated to be growing at a CAGR of 8.59%, to reach $600.73 million by 2026. Increasing awareness among farmers is the major factor responsible for growth in the Asia-Pacific region which is also the fastest-growing region.
As per figures on population growth, a challenge has been outspread to the agriculture sector, particularly to the seed sector, to help farmers find a way to yield more with less. Along with this, the pressure is on upholding ecological balance.
An increase in demand for seeds has exerted pressure on farmers, particularly in Asian countries that are progressively shifting to the scientific techniques of farming. Meeting the demands of farmers for high-quality seed is becoming tough for producers with growing demand for seeds. The aids of seed coating like stumpy seeding rate and fewer seedling damage are leading to more production of coated seeds.
Polymers are used on a big measure owing to their practical qualities which help in the germination of seeds and improve the seed performance leading to greater crop yield. The seed coating materials market is led by the cereals & grains segment, the demand for cereals and grains is endlessly increasing as it is a vital part of the everyday meal of rising population.
Geographically the market is segmented into
China and India are the fastest growing economies for the seed coatings material market in the Asia-Pacific region.
Major companies known in the seed coating materials market include Platform Specialty Products Corporation (U.S.), Croda International PLC (U.K.), Precision Laboratories LLC (U.S.), INCOTEC Group BV (The Netherlands), BrettYoung Seeds Limited (Canada), Keystone Aniline Corporation (U.S.), BASF SE (Germany), Clariant AG (Switzerland), Bayer CropScience AG (Germany) and Germains Seed Technology Inc. (U.K.).
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