Agricoltura
Seed Coating Ingredients Market to Reach Valuation of ~US$ 3 bn by 2029; Increasing Emphasis on Sustainable Agriculture to Underscore Growth: TMR
ALBANY, New York , May 18, 2020 /PRNewswire/ -- Multiple factors of growth are driving the global seed coating ingredients market forward and the result is noted in emergence of new opportunities and improvement in market worth. By the end of the forecast period of 2019 to 2029, the market will reach a notable valuation of about USD 3 billion due to these trends and drivers.
Transparency Market Research opines,
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Of the multiple factors – trends and drivers – of growth that are marking the global seed coating ingredients market over the forecast period, one of the most prominent ones is that of expansion of use of seed coating technologies to wild species. So far, the high value of economic crops saw a preference of use of these on to them. Such crops include flowers, pasture, and turf grass. However, the much neglected use in ecological restoration will see a change in situation. Ongoing research and development will also help in this endeavor. Other factors, as identified by Transparency Market Research, are spelled out below:
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The report on seed coating ingredient market, as prepared by Transparency Market Research, profiles key market players comprehensively. The top market players operating in the fragmented vendor landscape of the market are ADAMA Agricultural Solutions, Bayer AG, United Phosphorus Ltd., BASF SE, FMC Corporation, E.I. DuPont Nemours and Company, Koninklijke DSM N.V., Sumitomo Chemical Co. Ltd, and FMC Corporation, among others.
Over the forecast period, a mix of varied growth strategies will be noted in the market landscape, being deployed by players to stay ahead of the competition. As per Transparency Market Research, prominent names in the market focus on acquiring small scale companies. This is particularly true of multinational corporations.
The aim is usually to have a diverse and often strong product portfolio. Production capacity is another such strong focal point for these players. Other than key alliances such as joint ventures, mergers and acquisitions, and so on, companies also direct special efforts towards research and development.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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