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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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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