Growing adoption of sustainable agricultural practices is expected to drive the market for TBRC seed coating materials

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LONDON, Nov. 8, 2022 /PRNewswire/ -- Implementation of sustainable agricultural practices is driving the growth of the seed coating materials market over the forecast period. Sustainable agricultural practices include ensuring soil fertility and promoting biodiversity, improving ecological conditions and stopping pollution, reducing consumption of non-renewable sources, supporting rural financial growth and increasing awareness of the environment and individual responsibility . Sustainable agricultural practices encourage the use of bio-based seed coating materials as these use ingredients such as microbes such as fungi and bacteria, as well as plant extracts and seaweed extracts.

The global seed coating materials market is expected to grow from US$1.82 billion in 2021 to US$1.97 billion in 2022 at a compound annual growth rate (CAGR) of 8.02%. The development there is mainly happening as businesses reorganize their operations and recover from the impact of COVID-19, which had previously led to restrictive lockdown measures with social distancing, telecommuting and closing operations resulting in operational challenges. The seed coating materials market is expected to reach US$2.72 billion in 2026 at a CAGR of 8.42%.

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Biological seed treatment is one of the major trends in the seed coating materials market

BASF SE was the biggest competitor in the seed coating materials market in 2021

Seed Coating Materials Market Segments

The Global Seed Coating Materials Market is Segmented –

By type of coating: biobased coating, synthetic coating By type of material: polymers, colorants, granules, minerals/pumice, actives By crop type: cereals and grains, fruits and vegetables, flowers and ornamentals, oilseeds and pulses, other By process: lamination, inlay, pastillage

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SOURCE The Society for Economic Studies