Benefits associated with the seed coating technologies to drive the market demand
The #seedcoating market is projected to reach $3.6 billion by 2027, recording a CAGR of 8.4%.
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The demand for the seed coating market is driven due to the awareness campaigns, such as the awareness programs carried out by India Monsanto to adopt GM seeds, which are also coated. There also have been various government initiatives with NGOs, such as Bill and Melinda Gates Foundation, for conducting awareness programs for quality seeds in Africa.
Seed coating protects the seeds from various factors that damage the seed, such as extreme weather conditions and harmful insects. Protection from diseases and pest protection are the key factors driving the growth of seed coatings. Seed coating also improves germination by maintaining the seed to allow them to mature when the conditions are favorable. It also enhances plantability with increased yield and reduced labor costs.
The major players involved in the seed coating market include BASF SE (Germany), Solvay S.A. (Belgium), Clariant AG (Switzerland), Croda International plc (U.K.), DSM (Netherlands), Sensient Technologies (U.S.), and Germain Seed Technology Inc. (U.K.).