Market Research Report
The global seed market is expected to witness a CAGR of 6.0% to 7.0% during the forecast period 2019 to 2024. The global seed market has gained sustainable growth owing to the growing global population and scarcity of resources, such as land and water, which leads to food scarcity. Furthermore, rising investment in research and development in agriculture sector and new product innovation has enhanced the market growth.
The market for agricultural biologicals is projected to grow at a CAGR between 14% to 15% from 2018 to 2024. Agricultural biologicals are naturally occurring solutions which can be used as a replacement to chemical fertilizers and pesticides. Growing demand for organic farming, increasing awareness about the disadvantages of chemical fertilizers and pesticides, rising demand for food by the growing population, and changing mentality of the farmers.
North American micro irrigation market can be segmented on the basis of type, crop type, end users and countries. The micro irrigation market is studied for countries such as, the U.S., Canada and Mexico. The U.S. leads the market for micro irrigation followed by Mexico and Canada. The types of micro irrigation covered in the report are drip irrigation, micro sprinkler irrigation. By crop type, the market is studied for orchard crops & vineyards, field crops, plantation crops and other crops.
Foliar fertilizers market can be segmented by type of fertilizers, type of application and geography. By type of fertilizers market can be segmented such as, nitrogen fertilizers, phosphate fertilizers, potassic fertilizers, macronutrients and micronutrients. Further the market is segmented by type of application such as, field crops, horticulture crops, turf and ornamentals and rest of crops.Asia Pacific is the emerging and fastest growing market of foliar fertilizers globally.
The seed coating materials market is projected to grow at a CAGR between 7.0% to 8.0% from 2019 to 2024. The market is majorly driven by increasing importance to the quality and appearance of the seed giving higher commercial value to the seeds. Along with this, the functional properties of seed coating materials to increase the nutritive value of the seeds resulting into higher crop yield is also triggering the demand for seed coating materials.
Micro irrigation systems market is projected to grow at a CAGR between 17 % to 18 % from 2018 to 2023. The market was valued at USD ~ 2.9 billion in 2016. The market is studied for two major types of micro irrigation systems which are drip irrigation systems and sprinkler irrigation systems. The sprinkler irrigation systems market is further segmented into lateral move sprinklers irrigation and central pivot irrigation. The market is studied for orchid crops & vineyards, field crops, plantation crops and other crops.
Latin American micro irrigation market can be segmented on the basis of type, crop type, end users and countries. The market for micro irrigation in Latin America is studied for Brazil, Argentina, Chile, Peru and rest of the countries in Latin America. The types of micro irrigation covered in the report are drip irrigation, micro sprinkler irrigation. By crop type, the market is studied for orchard crops & vineyards, field crops, plantation crops and other crops.
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