Middle-East and Africa Seed Coatings Material Market was worth $101.7 million in 2021 and estimated to be growing at a CAGR of 7.75%, to reach $139.4 million by 2026.
The use of seed coating material in manufacturing is due to several reasons such as increasing use of crossbreed seeds with numerous technological constituents, rising international seed trade, growing number of rules, and swelling number of multinational corporations.
Middle-East and Africa Seed Coatings Material Market Drivers:
The rising population around the globe has produced the necessity for the greater production of agricultural yields, which is likely to drive the demand for seed coating material market over the forecast period. In order to decrease adverse impact on the environment and permitting better crop protection, the seed coating market is anticipated to rise in the coming years. Lack of awareness among farmers in this region is a major constrain for seed coatings material market in this region.
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 Middle-East and Africa. Africa is dominating the region’s market and expected to continue its dominance over the forecast period.
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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