Latin America Seed Coatings Material Market was worth $151.05 million in 2021 and estimated to be growing at a CAGR of 8.26%, to reach $182.09 million by 2026.
Major benefits allied with seed coating material consist of high yield per hectare, slow seeding rate, and multi-component product, which are fuelling the growth of the seed coating material market across the region. This growth is especially witnessed in the developing regions, where agriculture is the major provider to the large economy.
The rising population across the region has created the necessity for the production of amplified agricultural crops, which is likely to fuel the demand for the seed coating material market over the forecast period. Additionally, to have fewer impacts on the environment and protective crops, the seed coating market is estimated to flourish in the near future. Compatibility with active ingredients or dye is anticipated to hinder market growth.
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
The rapid increase in population and hence the rise in demand for seeds in Brazil is driving its seed coatings material market.
Major Key Players:
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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