Asia-Pacific Seed Coating Materials Market - Growth, Trends and Forecasts (2017 - 2022)
The Asia-Pacific Seed coating market is expected to grow at a CAGR of 9.5% during the forecast period 2016-2021; the market value for the year 2015 is reported to be $235.6 million. Seed coating is enhancing seed performance by addition of chemicals to protect the seed from pathogens. Seed coating also results in establishment of uniform plant by creating uniform sized seed by coating the seeds with several layers of materials.
As per statistics on population growth a challenge has been raised to the agriculture sector, more specifically the seed sector, to help farmers find a way to produce more with less. Along with this the stress is on maintaining ecological balance. Rise in demand for seeds has exerted pressure on farmers, especially in Asian countries who are gradually shifting to scientific method of farming. 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 isone of the simplest, safest, and most effective ways to treat any seed. Seed coating materials market in Asia-Pacific is driven by factors like seed technology development, Innovative in Farming Technologies in Asia-Pacific and multifunctional products. 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 Asian seed coating materials market is segmented on the basis of type, application and geography. Among product type, 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. 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 farmersâ€™ awareness are major factors responsible for growth in Asia-Pacific region which is also the fastest growing region. The regional market is led by impressive growth from major countries like China and India. Being the largest market in the region, the countryâ€™s seed coating materials demand is subjected to a growth rate of CAGR 9.8% during 2016-2021 forecast period.
The key players are focusing to expand their business in Asia-Pacific regions. The leading players in this market adopted various strategies to strengthen the market opportunities and increase their market shares. Major players active in Europe market are- Bayer Cropscience AG, BASF SE, Precision Laboratories, LLC, Satec, Mahendra Overseas, Chromatech Incorporated etc.
In this report we offer,
Market analysis for the Asia-Pacific 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 Asia-Pacific 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