Market Entry - Seed Coating Industry in Morocco: Analysis of Growth, Trends and Progress (2016 - 2021)

Market Entry - Seed Coating Industry in Morocco: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

The demands for progressive multifunctional seed technology to avert decreasing acreage and increase seed performance are driving the market. Amongst the various types of seed coating materials, polymers accounted for the largest market share, followed by pellets and colorants. The cereals and grain segment held the largest market share for seed coating materials, followed by oilseeds. Europe and North America are the top two consumers of seed coating materials and account for more than 55% of the market, with BASF SE (Germany) and Bayer Crop Science AG (Germany) being the key players in the market. Growth is particularly high in developing countries, such as China, India, and Brazil as agriculture is a major contributor to the economy and there is an increase in the demand for production.

About the Geography

Morocco is a stable emerging market and is part of a group of fast-growing nations described as ‘African Lions’. With Africa being regarded as the future engine of global growth, Morocco is a potential gateway to the continent.

In the 1980s, Morocco was highly indebted but with the pro-market reforms under the IMF, it has seen steady growth. The government adopted the ‘Investment Charter’ in 1995, which provided exemptions for VAT and corporate tax for five years. In 2008, Morocco signed an advanced status deal with the EU to avoid double taxation between Morocco and member states. In the industrial sector, the government came up with the ‘Emergence Plan’, which is an attempt to further open and liberalize the economy. A new version of this plan is currently under government review.

The main challenges to doing business in morocco are bureaucracy, corruption, low consumer purchasing power, and growing competition from non-EU countries. The notable advantages of doing business include strategic geographic location, which means it can be an entryway to both Africa and Europe, a strong banking and finance sector, tax incentives, and competitive labor costs.

 

Component Name

Unit

From Site

GDP

USD billion

100

GDP Annual Growth Rate

%

1

GDP Per Capita

USD

3238

Employment Rate

%

43.1

Inflation Rate

%

1.6

Consumer Price Index (CPI)

Index Points

117

Interest Rate

%

2.25

Balance of Trade

USD million/billion

(-1,718.06 million)

Ease of Doing Business

(No Units)

75

Competitiveness Rank

(No Units)

70

Corruption Rank

(No Units)

88

Consumer Confidence

(No Units)

75.7

Consumer Spending

USD million/billion

57,599.57

Corporate Tax Rate

%

30

Sales Tax Rate

%

20

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

 

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Seed Coating Industry by Type (USD millions)

                4.1 Polymers

                                4.1.1 Polymer Gels

                                4.1.2 Superabsorbent Polymer Gels

                4.2 Colorants

                4.3 Binders

                4.4 Other Additives

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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