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Seed coating industry in India concentrated among a handful of players
Tuesday, 27 December, 2016, 08 : 00 AM [IST]
Our Bureau, New Delhi
The Indian seed coating industry is largely concentrated among a few players. This was stated by Ken Research in its report titled titled India Seed Coating Market Outlook to 2021 - Surge in Seed Production and Demand for Polymer Coatings to Shape Future.
Major seed manufacturers like Nuziveedu Seeds, Ajeet Seeds, Ankur Seeds, Syngenta, Monsanto, Du Pont Pioneer and Mahyco are purchasing the bulk of seed coating polymers from players like Incotec, Littles Oriental Balm and Pharmaceutical Ltd.
However, smaller players like Mahendra Overseas, Sampatti Industries and Subeneyo Chemicals are also emerging in the market by supplying large quantities of materials to small- and medium-sized companies in the country.
The sector has been witnessing significant growth in recent years, supported by a number of drivers, including the growing production of seeds, the expanding seed portfolio and the growing threat from the weather.
Polymers and polymer colorants dominated the seed coating materials market of India in financial year 2016. Polymer coating is an integral part of the seed industry in India. A majority of the seed manufacturers with turnover of Rs 10 crore and above are using polymer coating in their seeds.
Polymer coating seeds offer the benefits of safe handling by the workers, farmers and dealers. They make sure seed treatments such as pesticides, fungicides and nutrients are firmly held on the seed and therefore, maximise the productivity of the seed and seedling active ingredients.
All the major seed manufacturers in India apply polymer coatings on major commercial seeds such as cotton, maize, paddy, hybrid vegetables and many others, as they have several benefits.
In terms of crops, cotton accounted for the major share in the seed coating market in financial year 2016. In cotton seed, yield and germination capabilities deterioration takes place rapidly under ambient storage conditions.
Film coating techniques have paved the way for the control of seed decay during storage. The use of newer molecules protects the fungicides, insecticides and nutrients in the seeds.
Therefore, a large number of seed manufacturers in the industry prefer coating seeds with polymers and other materials. A majority of cotton seeds are in India are coated golden.
The report, which provides in-depth analysis on the Indianseed coating market, helps readers identify the ongoing trends in the market and the anticipated growth in future, depending upon changing market dynamics in the coming years.
It will help seed manufacturers, seed coating materials manufacturers and end users of seeds to align their market-centric strategies, according to the ongoing and expected trends in the future.
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