Market Trends of North America Seed Coating Materials Industry
This section covers the major market trends shaping the North America Seed Coating Materials Market according to our research experts:
Adoption Of New Seed Technologies (GM & Hybrid)
Genetically modified (GM) and hybrid seeds denote a significant step forward in the production of agricultural crops. The adoption of new seed technologies, such as genetically modified seeds and hybrid seeds, has an acute impact on the seed coating ingredients market. According to the International Service for the acquisition of agri-biotech applications, the United States witnessed the highest area cultivated under GM crops and hybrids globally. Over the years, the acreage of genetically modified crops in the United States recorded a growth of 5.8% from 70.9 million hectares in 2015 to 75 million hectares in 2017. According to the International Service for The Acquisition of Agri-biotech Applications, the total acreage of genetically modified crops in Canada was valued at 13.1 million hectares, which was 11 million hectares in 2015. Thus, the advantages of genetically modified crops over conventional seeds have made the growers incorporate more of GM seeds. These factors are leading the seed producers to cater to the seed coating ingredients market. Henceforth, these advantages and the increasing adoption of GM seeds in the North American market are likely to accelerate the seed coating ingredient sales during the forecast period.
Innovative Seed Coating Formulation Technique
The North American market has explored several innovative seed coating technologies to make the coated seeds environmentally sustainable and efficient in the field. These developments have overcome some of the challenges and have been able to cater to the seed coating material and coated seeds to the North American seed market. Micro Emulsion Gel Technique, Controlled Release of Seed Coating Formulation Technique, and Nanogel based seed coating formulation technique are some of the innovative methods developed to address the issues raised in the seed coating process. These seed coating formulation techniques can further reduce the toxicity of the coating materials, which in turn, makes the manufacturers obey strict government regulations. Therefore, these innovative techniques make the seed coating manufacturers and coated seed manufacturers find a way to persist in the market., This factor is driving the growth of the market.
