Seed Coating Materials Market worth $1,426.78 Million by 2019, According to a New Study on ASDReports

Thursday 16 October 2014, Amsterdam

According to a new market research report, the seed coating materials market is projected to grow from $924.50 million in 2013 to $1,426.78 million by 2019, with a CAGR of 7.5% from 2014 to 2019. It also explains the driving and restraining factors of the global seed coating materials market with an analysis of trends, opportunities, and challenges.

The seed coating materials market is segmented by type, by crop type, and by geography. The market size of each region such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW) is projected in the report. The key countries such as U.S., Germany, China, and Brazil are covered and their market size is forecasted along with their growth rates.

Polymer: Largest market segment

Polymer is the single-largest segment, holding 27.9% share of the global seed coating materials market in 2013 and is projected to grow with a CAGR of 8.4% from 2014 to 2019. North America is the largest market of polymer and Europe stood second in 2013.

Seed coating materials market, by crop type

The seed coating materials market consists of four crop types; they are cereals & grains, oilseeds, fruits & vegetables, and other crops. The demand for coating materials for cereal and grain seeds accounted for the largest share in 2013, at $302.57 million, and it is projected to reach $484.77 million by 2019. North America was the largest consumer of cereals & grains in 2013, followed by the Asia-Pacific region.

Leading companies such as Bayer CropScience (Germany), BASF SE (Germany), and Clariant International (Switzerland) are focusing on the expansion of their seed coating material business through acquisitions and agreements to increase their production and distributional network.