Coated Seed: Market Outlook
The global population is swelling continuously and this leads to the drastic change in the agricultural industry as it is molding itself to produce more corps from the decreasing land fields. Changing climatical conditions, unorganized land management causes soil erosion and this results in the decreasing soil fertility. These factors are affecting the crop yield across the globe. The coated seeds cab the solution to the problem of decreasing soil fertility. The coating is done on the outer part of the seeds, which contains different but essential materials such as growth agents, buffers for maintaining the pH, insecticide, micronutrients & macronutrients, etc. these coating gives protection from various diseases and protect it from attack from other insecticides.
The loss occurs due to different sizes of the seeds while planting can be reduced by the coating, as it provides the uniform size to every seed. The variation in the weight made possible due to the coating. The weight of the seed can be modified by the manufacturers by providing them the coated seeds. The seeding of the seeds is also dependent on the weight of the seeds. The weight of the seed decides the speed of the tractor. The faster tractor needs the heavier seeds for the accurate and conventional drops.
Increasing Importance of Seed Protection is Driving the Market Growth of the Coated Seeds
The coated seed needs to be more functional and the process of making coated seeds must be ecofriendly. Thus many of the manufacturers in the coated seed market are investing in research & development as the coated seed market is expected to have strong growth in the forecasted period. The macro-environment of the region plays an important role in the agricultural environment. The companies are providing the functionally modified coated seeds as per the macro environment of the region. This also helps the manufacturers to increase the shelf life of the seeds. These important protection properties of coated seeds are expected to drive the market growth of the coated seeds over the forecasted period.
Global Coated Seed market: Market segmentation
On the basis of Material Uses, coated seed market has been segmented as,
On the basis of Crop Type, coated seed market has been segmented as,
Global Coated Seed Market: Market Participants
The market participants operating in coated seed market includes Croda International plc(INCOTEC Group BV), Germians Seed Technology Inc., Seed Technology & Marketing Pty Ltd., BASF SE, Dynamics, Inc., Feldsaaten Freudenberger Gmbh & Co Kg, La Crosse Seed LLC, Michelman, Inc., Bayer AG, and other regional players.
Opportunities for Market Participants in Coated Seed Market
Pest protection, increasing crop yield and well-developed growth rate of the seeds and protection against the fungal infections are the factors due to which the modified and specialized coated seeds are available in the market. These are the most important factors for the coated seeds which are driving the market growth of the market across the globe.
The increasing population and decreasing are of agriculture area are boosting the demand for coated seeds from the agricultural industry. The continuously decreasing soil fertility and soil erosion are the major issues due to which agricultural industry is not able to fulfill the rising demand for the food. The companies are focusing on the research and development on the coated seeds, the cost incurred by the R&D of coated seeds is very high. The government policies on the use and production of coated seeds are very stringent in various regions. This may hamper the growth of the coated seeds market across the globe.
The globally coated seed market is considered as the emerging market in the agricultural sector. The coated seed market is expected to exhibit rapid growth across the globe. North America and Europe are the regions which are dominating the coated seed market across the globe. Asia is the potential market for the coated seed market as it is expected to grow exponentially over the forecasted period.