North America Seed Coatings Material Market was worth $510.18 million in 2021 and estimated to be growing at a CAGR of 7.2%, to reach $701.49 million by 2026. North America leads the market and accounted for the biggest share globally.
Seed coating materials offer excessive help to increase the commercial value of the seeds by improving the appearance of the seeds, refining the nutritious value of the seeds making them more productive, and helping in the application of biological seed protectants to elude crop destruction.
Drivers and Restraints:
Nutritive value, Quality, and appearance of the seeds have been of prominence to the growth of the Seed Coating Materials Market. Seed coating materials will be observed as a business prospect in the next few years. As a result, many multinational companies have moved into the manufacture of diverse types of seed coating materials. The high cost of seed coatings material is restraining the market growth.
Polymers are used on a big measure owing to their practical qualities which help in the germination of seeds and improve the speed 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 the rising population.
Geographically the market is segmented into
The U.S. and Canada constituted the largest country markets in the North American 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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