Seed Coating Market Worth $6.13 Billion by 2030

Seed Coating Market by Type (Polymers, Colorants, Minerals/Pumice), Active Ingredients Type (Protectants, Nutrients, Phytoactive Promoters), Crop Type (Cereals and Grains, Oilseeds and Pulses, Vegetables, Flowers and Ornamentals) - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled ‘Seed Coating Market by Type (Polymers, Colorants, Minerals/Pumice), Active Ingredients Type (Protectants, Nutrients, Phytoactive Promoters), Crop Type (Cereals and Grains, Oilseeds and Pulses, Vegetables, Flowers and Ornamentals) - Global Forecast to 2030’.

According to this latest publication from Meticulous Research^®, the seed coating market is projected to reach $6.13 billion by 2030, at a CAGR of 9.6% during the forecast period 2023–2030. Increasing demand for low-cost crop protection solutions, technological advancements, focus on seed treatment, decline in arable lands and necessity to enhance crop productivity, growing demand for low-cost alternatives to hybrid and GM seeds, and increasing farmers’ preference for seed-enhancing products are some of the factors expected to drive the growth of the seed coating market. Moreover, the emergence of biodegradable seed coatings provides significant growth opportunities for the stakeholders operating in this market. However, the stringent and non-standardized regulatory framework, restriction on the use of neonicotinoids, the limited shelf life of treated seeds, and the lower awareness about seed coating technology among growers in developing countries are some of the factors that restrict the growth of this market to some extent. The complex process of the seed film coating and financial hurdles for new entrants are the challenges to this market's growth.

The global seed coating materials market is segmented by material type (polymers {polymer gels and superabsorbent polymer gels}, colorants, minerals/pumice, and other material types), active ingredients type (protectants, nutrients, phytoactive promoters, and other active ingredients), and crop type (cereals & grains {corn, wheat, and other cereals & grains}, oilseeds & pulses, vegetables, flowers and ornamentals, and other crop types). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on material type, the seed coating market is segmented into polymers, colorants, minerals/pumice, and other material types. In 2023, the polymer segment is expected to account for the largest share of the seed coating market owing to the increasing demand for polymer-based materials in seed coating due to its ability to improve the seed germination process and provide protection against pests, diseases, drought, and adverse soil conditions. Moreover, the high recognition of seed-coating polymers is mainly due to their low viscosity and water-based nature that promotes speedier seed germination. It can keep seeds moist, provide a balanced temperature, and suppress seeding stress from drying field conditions.

Based on active ingredients type, the seed coating market is segmented into protectants, nutrients, phytoactive promoters, and other active ingredients. In 2023, the protectants segment is expected to account for the largest share of the seed coating market. The large market share of this segment is attributed to the growing incidence of soilborne pests and diseases and the need for a safe and controlled application of plant protectants. Seed coating is an efficient carrier of plant protectants (pesticides) and provides benefits such as precise placement on the target, minimum toxicant requirements, minimum environmental impact, and minimum exposure to wildlife and beneficial organisms.

Based on crop type, the seed coating market is segmented into cereals & grains, oilseeds & pulses, vegetables, flowers and ornamentals, and other crop types. In 2023, the cereals & grains segment is expected to account for the largest share of the seed coating market. The large market share of this segment is attributed to factors such as the growing demand for cereals & grains due to rapid population growth, the need to reduce the loss of cereals & grains due to pests and diseases, and their increasing use of cereals & grains in animal feed, biofuel, and starch & ethanol production.

This research report also analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, Spain, France, U.K., Russia, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Latin America (Brazil, Argentina, Mexico, and RoLATAM), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the seed coating market, followed by Latin America and Europe. This region’s large market share is primarily attributed to the increasing demand for high-yielding and disease-tolerant crops from domestic markets and export destinations. Moreover, factors such as an organized distribution chain for crop protection chemicals, the growing awareness about sustainable crop production techniques to lessen the environmental impact of high residue, and the presence of a large number of stakeholders further support seed coating materials market's growth.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the seed coating market are BASF SE (Germany), Bayer AG (Germany), Chromatech Incorporated (Netherlands), Cistronics Innovations Pvt. Ltd. (India), Clariant International Ltd. (Switzerland), Croda International Plc. (U.K), Germains Seed Technology (U.S.), Milliken & Company (U.S.), and Precision Laboratories, LLC (U.S.).

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Key questions answered in the report:

Which are the high-growth market segments in terms of material type, active ingredients type, crop type, and country/region?
What is the historical market size for seed coating across the globe?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the global seed coating market?
Who are the major players in the global seed coating market, and what are their market shares?
How is the competitive landscape?
What are the recent developments in the global seed coating materials market?
What are the different strategies adopted by the major players in the seed coating market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the global seed coating market, and how do they compete with the global players?

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