United Kingdom Seed Coating Material Market to Grow with a CAGR of 3.86% through 2028
Growth in research and development activities is expected
to drive the United Kingdom Seed Coating Material Market growth in the forecast
period, 2024-2028.
According to
TechSci Research report, “United Kingdom Seed Coating Material Market– By
Region, Competition, Forecast and Opportunities, 2018-2028F”, the United
Kingdom Seed Coating Material Market stood at USD37.42 million in 2022 and is
anticipated to grow with a CAGR of 3.86% in the forecast period, 2023-2028. The
initiatives taken by government based on seed coating material has led to
favorable market conditions for the United Kingdom Seed Coating Material Market.
Several factors contribute to the growth of various seed coating material market
products.
In
2021, in response to the unique circumstances faced by the sugar beet industry
in England, the UK Government granted an emergency derogation for the limited
use of neonicotinoid seed treatment. This temporary measure aimed to address
the specific challenges posed by pests and diseases affecting sugar beet crops,
while ensuring careful consideration of potential risks and benefits.
Alongside
the emergency derogation, the government has taken a broader approach to seed
treatment regulations, considering the long-term sustainability of agriculture
and the preservation of biodiversity. While some changes have raised concerns
among farmers, these adjustments reflect the government's commitment to finding
a balance between protecting the environment and supporting the farming
community. By carefully evaluating the impacts and exploring alternative
solutions, the government aims to mitigate any challenges that arise from these
decisions, striving for a sustainable and thriving agricultural sector.
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"United Kingdom Seed Coating Material Market”
Extensive
research and development efforts play a pivotal role in shaping the seed
coating material market. These dedicated endeavors not only pave the way for
the introduction of innovative, efficient, and cost-effective products but also
contribute to the overall progress of the agricultural industry. By investing
in enhanced R&D activities, we enable the development of advanced seed
coating materials that have the potential to revolutionize seed performance,
boost crop yield, and foster sustainable agricultural practices. These
groundbreaking advancements hold the promise of a brighter future for the
farming community and our planet as a whole.
The United
Kingdom Seed Coating Material Market is segmented in crop type, additive, regional
distribution, and company.
Based on its crop
type, the fruits & vegetables segment held the largest share in the market.
Recent advancements in seed coating technologies have revolutionized the
agricultural industry, offering a plethora of benefits to fruit and vegetable
growers. These innovative seed coatings not only enhance the yield and quality
of crops but also provide an array of additional advantages. With their ability
to protect seeds from harmful pests and diseases, seed coatings act as a
shield, safeguarding the seeds throughout their growth journey.
Moreover, these
coatings have proven to significantly improve germination rates, ensuring a
higher success rate for growers. Additionally, seed coatings facilitate better
nutrient absorption for plants, optimizing their growth potential and leading
to healthier and more robust fruits and vegetables. With such remarkable
capabilities, seed coatings have become an indispensable tool for growers,
enabling them to achieve higher productivity and superior crop quality.
Based on region,
London segment is expected to grow during the forecast period.
In London, there
is currently a significant surge in the demand for high-quality seeds. This
surge can be attributed to the growing awareness among farmers about the
numerous benefits associated with using coated seeds. As a result, the seed
coating material market in the city is experiencing substantial growth, with
more and more farmers recognizing the advantages of utilizing this innovative
technology for their agricultural practices.
Major companies
operating in United Kingdom Seed Coating Material Market are:
- BASF UK Limited
- Bayer UK Limited
- Germain’s UK Limited
- Croda International Plc.
- Incotec Group (UK)
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“Growing
application of seed coating material in various end user industries are key
drivers of the seed coating material market. Growth in competitive landscape
and presence of well-established companies in the market who are dedicated to
enhance their productivity of seed coating material with every passing year are
anticipated to register an impressive growth to United Kingdom Seed Coating
Material Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Seed
Coating Material Market By Crop Type (Fruits & Vegetables, Cereals &
Grains, Oilseeds & Pulses, Others), By Additive (Polymers, Colorants,
Pellets, Minerals/Pumice, Others), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of United Kingdom Seed Coating
Material Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United Kingdom Seed Coating
Material Market.
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