The South America Seed coating market is expected to grow at a CAGR of 7.8% during the forecast period 2016-2021; the market value for the year 2015 is reported to be $95 million. Seed coating is enhancing seed performance by addition of chemicals to protect the seed from pathogens. It creates products that are both safer for users and the environment.
Catering the demands of farmers for high quality seed is becoming difficult for manufacturers with rising demand for seeds. This situation has generated an opportunity for seed coating companies. The benefits of seed coating like low seeding rate and less seedling damage are leading to more manufacture of coated seeds it is one of the simplest, safest, and most effective ways to treat any seed. Seed coating materials market in South America is driven by factors like seed technology development and low risk investment. While sustainable agricultural practices will lead to higher demand of seed coatings, disposability of coating materials and environmental concerns would create obstacle for market growth.
The South American seed coating materials market is segmented on the basis of type, application and geography. Polymer has the largest market share among coating material type and is projected to grow with the increasing demand for coated seeds in the agriculture industry. Colorant is another important material accounting for around one-fourth of all the seed coatings materials used. The application of coating material is more in cereals and grain seeds accounting for more than 40% of the market share.
Economic growth, industrialization of seed industry, rising farmers awareness are major factors responsible for growth in South America region. The regional market demand is led by major agricultural base like Brazil and Argentina. The market demand in Brazil will grow at a CAGR of 8.3%.
Major players leading the seed coating materials market are Bayer Cropscience AG, BASF SE, Chemtura Corporation, Incotec Group etc. The key players are focusing to expand their business in Asia-Pacific regions. Acquisitions, agreements & joint ventures are the major strategies adopted by major players.
In this report we offer,
Market analysis for the South America Seed Coating Materials Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the South America Seed Coating Materials Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped