Seed Coating Market Study with Competitive Landscape, Market Insights, and Growth Prospects to 2027
Stratview Research delivers key insights on the global Seed Coating Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Seed Coating Market:
BASF SE
Bayer AG
Brett Young Seeds Ltd
Clariant AG
Croda International Plc
Germain Seed Technology Inc.
Michelman, Inc
Precision Laboratories
Sensient Technologies
Smith Seed Service.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Seed Coating Market value and growth drivers over the trend period of 2022-27. According to the report -
Seed Coating market is likely to witness an impressive CAGR of 8% during the forecast period. The prime factor that is contributing to the demand for seed coating is mainly the increasing demand for high quality seed materials to enhance the yields.
Segment Analysis:
Based on Process Type:
Based on the process type, the market is segmented as film coating, encrusting, and pelleting. The film coating segment held the largest share of the market in 2021, and is expected to remain dominant during the forecast period. The increase in the consumption of cereals, grains, oilseeds, pulses, and vegetables is driving the growth of this segment.
Based on Region:
In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for seed coating during the forecast period, with the USA, Canada, and Mexico, being the major countries with lucrative growth opportunities. Favorable trade and price support systems have stimulated the import and export of cereals and oilseeds in the US. The usage of seed coatings is considered a risk-hedging technique and is considered to be a safe investment, which has led to increased sales of coated seeds in the North American market. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Seed Coating Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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