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Seed Coating Agent Market Overview:
Seed Coating Agent Market has been valued $ 1.7 billion in the year 2021 and it is estimated to reach $3.8 billion by the year 2026, with a CAGR of 76.6% from 2021 to 2026. Seed Coating gives a high yield and low seeding rate, and multi-component product, which raises the demand for seed coating material across the world. The major factor to have huge growth in the Seed Coating Agent Market are increased protection from pests and diseases, easy handling, and flow ability through planters are the factors growing demand for high-quality seeds Coating Market. Rising the consumption of cereals ,grains, oilseeds and vegetables are raising demand for high-quality seeds are projected to increasing the yields these are the major factor to drive the growth of the market.
Seed Coating Agent Market Drivers and Restrains:
Seed Coating materials are used for a high benefits majorly include multi-component products and high-quality output per hectare, the main motive for seed coating material is to timely supply of crops at a reasonable price. In addition benefits attributed to the utilization of seed coating materials include low seeding rate, high and quality yield per hectare, multicomponent products yields these are the major factor to drive the growth for the Seed Coating Agent market. The demand for Seed Coating materials is increasing due to elevated safety from pests and diseases, convenient handling, and go with the flow capacity thru planters. Increasing new innovations by the government and environmental agencies in developing farming in emerging countries are the major factor to have a huge growth for the Seed Coating Agent market
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Report is segmented as:
Seed Coating Agent Market is segmented on the basis of by type, by application:
Seed Coating Agent Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Seed Coating Agent Market because demand for cereals, grains, oilseeds, and pulses used mainly in the food and feed industries are more due to this it has a huge market growth in the North America region . Additionally reasonable price support systems have made the import and export of cereals and oilseeds in the US are the major factor to have huge market growth. On the different hand, Latin America will have smart boom in the coming years. The Middle East and Africa, Europe, Asia Pacific will register a slower increase in Seed Coating Agent Market in the coming years.
Impact of COVID-19 on Seed Coating materials Market
Covid -19 pandemic has affected their business in every sector and it has decreased the demand for Seed Coating materials in the Market. Due to the lockdown imposed by the government and has stopped transportation from country to country this has affected the exports and imports of the Seed Coating materials.
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