Global Market Share, Trend Analysis And Forecast Up To 2022

The seed coating materials market was valued at ~ USD 2.4 billion in 2022 and is projected to grow at a CAGR between 7% to 8% from 2016 to 2022. 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. Innovation in farming techniques and conventional farming practices is also diving the market for seed coating materials, as the leading companies are investing huge sums of money in R&D and introducing innovative products with better results and high effectiveness.