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Global demand for seed additives is expected to reach a market valuation of US$ 6000 Million by the year 2023, accelerating at a CAGR of 6.5% over the forecast period (2023 to 2033). Seed additive is a specific blend of fulvic and humic acids integrated in a specifically designed film coat framework to be used in agricultural crops. A growth stimulating, seed additive is meant to be used as a method to increase yield and optimize the genetic makeup of agricultural crops such as maize, cereals and pasture. The market is supported by:
Seed additives encourage vigorous root growth, making the plant better prepared to exploit the soil's natural resources. This can lead to stronger plant growth and development, improved vigour and, consequently, higher yields. The seed additive gives the developing plant a dual benefit: attributes of soil in direct contact with roots may be modified to improve the bioavailability of nutrients, along with immediate development of the crop embryo by inducing metabolic processes.
The seed additive market is segmented by type, including polymers, pellets, colorants, active ingredients, minerals / pumice and others. Among all the above segments listed, polymer is expected to account for a significant share in the seed additive market over the forecast period. Increasing population around the globe has triggered a demand for increased production of agricultural crops, which is anticipated to drive demand for the seed additives market during the forecast period.
The main purpose of seed additives is to increase the look and shelf life of seeds. The use of sustainable agriculture methods is boosting market demand for these products. The introduction of appealing variants and new flower varieties is likely to increase demand overall. The global need for seed additives is also being driven by the rising demand for natural food products. The market is anticipated to be fuelled by rising government and environmental organization efforts to improve farming throughout the ensuing years. In addition to all the factors, the market for seed coating materials is driven by agriculture, which guarantees a timely supply of crops at a reasonable price. Additionally, it encourages the rapid growth of several crops.
Key producers are working on manufacturing seed additives in order to gain a greater market share. Manufacturers are working hard for research and development of innovative offerings to serve a large customer base and that will allow the seed additives market to grow. Hence, manufacturers are adopting strategies such as mergers & acquisitions to expand their global footprint and to their product portfolio. Further, a number of international market participants are entering into acquisitions and mergers and implementing new technology to increase commercial capacity to gain a major revenue share./p>
For instance, in August 2022 BASF announced that Xitavo soybean seed, distributed exclusively by BASF, is offering 10 new soybean varieties for the upcoming year. With these additions, the Xitavo seed portfolio includes a total of 39 varieties. All new varieties feature Enlist E3 technology to combat difficult weeds and will be available for the 2023 growing season. Xitavo soybean seed is owned by M.S. Technologies and solely distributed by BASF.
These new varieties support versatility and include the Enlist E3 triple-stack herbicide-tolerant trait to give farmers confidence in their soybean weed control program. They have been extensively tested and evaluated by our leading team of agronomists to ensure the seed rises above and beyond industry standard. Xitavo soybean seed is designed with the understanding that a high-performing crop starts below the ground. Enlist E3 soybeans offer growers an advanced herbicide-tolerant trait technology with maximum flexibility and convenience.
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Seed additive is a specific blend of fulvic and humic acids integrated in a specifically designed film coat framework to be used in agricultural crops. A growth stimulating, seed additive is meant to be used as a method to increase yield and optimize the genetic makeup of agricultural crops such as maize, cereals and pasture.
Seed additives encourage vigorous root growth, making the plant better prepared to exploit the soil's natural resources. This can lead to stronger plant growth and development, improved vigour and, consequently, higher yields.
The seed additive gives the developing plant a dual benefit: attributes of soil in direct contact with roots may be modified to improve the bioavailability of nutrients, along with immediate development of the crop embryo by inducing metabolic processes.
The seed additive market is segmented by type, including polymers, pellets, colorants, active ingredients, minerals / pumice and others.
Among all the above segments listed, polymer is expected to account for a significant share in the seed additive market over the forecast period. Increasing population around the globe has triggered a demand for increased production of agricultural crops, which is anticipated to drive demand for the seed additives market during the forecast period.
With growing concerns about crop protection, yield and productivity, crop protection costs have risen significantly. Crop protection is the second-highest cost of agricultural after fertilizers. These costs may be reduced by seed additives as the quantities required are relatively low compared to foliar or furrow applications.
Seed additives is one of the most common methods of crop protection currently available. It delivers good crop establishment, i.e., healthy germination, and protection against plant-borne and soil-borne diseases at a reasonably low price than spraying, thereby ensuring harvestability.
Some of the major players in the market for seed additives include
In 2015, Croda International Plc, a specialty chemical manufacturer, acquired Incotec Group BV, an independent innovative seed enhancement company.
Higher demand of packaged food and beverages with nutritional benefits in North America is projected to boost demand for seed additives among food products across the region. North America regions are experiencing a significant demand for grains, cereals, pulses and oilseeds mainly used in the feed and food industries.
Satisfactory price & trade support structures have urged the export & import of oilseeds and cereals in the United States. The use of seed additives can be measured a legitimate investment that has resulted in increased sales of seed additives on the North American market.
Major companies in the food industries operating in pulses & oilseeds and cereals & grains market are concentrating on catering to market demand, which is changing according to the consumption of health-enriching food products. India and china are the top nations in the production of agricultural crops that contribute significantly to the seed coating market in the Asia Pacific region. Moreover, Brazil is projected to have a positive growth in Latin America over the upcoming years.
The research report presents a comprehensive assessment of the seed additives market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, crop & region
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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