The Seed Coating Market is projected to reach $6.13 billion by 2030, at a CAGR of 9.6% during the forecast period of 2023–2030. The growth of this market is mainly driven by the growing demand for low-cost crop protection solutions, technological advancements, the rising focus on seed treatment, reduction in arable lands, the need to increase agricultural productivity, increasing demand for low-cost alternatives to hybrid and genetically modified seeds, and increasing farmers’ preference for seed-enhancing products. Moreover, the emergence of biodegradable seed coatings is expected to provide 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 expected to hinder the growth of the seed coating market. Complexity process of the seed film coating and financial hurdles for new entrants pose a challenge to this market's growth.
The COVID-19 pandemic adversely affected the global economy. The lockdowns and quarantines imposed to curb the spread of the SARS-CoV-2 virus negatively impacted many sectors, including the agricultural sector. In the initial days of the pandemic, disrupted logistics and transportation impacted the movement of agricultural commodities. Thus, the seed coating market registered a decline in sales in the first quarter of 2020.
The effects of the COVID-19 pandemic on this market were first felt in China at the beginning of 2020, as the country is one of the world's largest raw material suppliers for the agricultural crop protection industry. Most European and North American agricultural chemical and biological seed companies import key active ingredients used in seed coating, mainly from China and other Asian countries. The low availability of raw materials created a scarcity of products in high-growth markets, such as the U.S., Brazil, Spain, and Italy. In addition, according to the Program Manager at the OECD, seed companies headquartered in the Asia Pacific region were more negatively affected than their counterparts in other regions.
Therefore, disruptions in the transportation & logistics industry and impacted production in some countries adversely affected the global seed coating market in terms of sales volumes in the initial phase of the outbreak in 2020.
Subsequently, the transport barriers were lifted up by government bodies, making it easy to meet the demand from farmers in many countries. There was minimal impact on the movement of agrochemicals.
In 2021, strong growth in the global seed coating materials market was witnessed due to the growing need for higher crop yields such as corn, cotton, and soybeans. Therefore, major companies such as Bayer AG (Germany) and BASF (Germany) resumed their production operations to ensure the smooth supply of their products to dealers and distributors. In addition, commodity prices were higher in 2022, encouraging the growers to invest in products that help them increase yields and profitability.
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Rising Need for Low-Cost Crop Protection Solutions
Seed coating is one of the most popular crop protection methods. It provides better crop establishment, such as healthy seed germination and protection against seed-borne and soil-borne diseases, thereby ensuring high yield and profitability of the harvest.
In seed coating, a relatively small amount of active ingredients is required to protect the seedling against various plant diseases and pests. Expenses on crop protection have significantly increased in the last few years due to the increasing concerns regarding crop protection, productivity, and yield. Usually, crop protection is the second-highest expense after fertilizers in farming. These expenses can be lowered through seed coating as the volumes/quantity required in seed coating are lower compared to foliar or furrow applications of crop protection chemicals. Due to the limited seed surface area, the active ingredients are required in limited quantities and effectively control early seed diseases to a large extent. Compared to the surface application of crop protection products, the loss is substantially reduced by up to 99% with the help of seed coating. Also, genetically modified (GM) seeds with target protection against specific pests are more expensive than seed coating. Hence, seed coating becomes a more cost-effective solution than using GM seeds for crop protection in countries with stringent regulations on GM crops.
In 2023, the Polymer Segment to Dominate the Seed Coating Market
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. The large market share of this segment is primarily attributed to the growing demand for polymers in seed coating due to their ability to enhance the seed germination process and provide protection against pests, diseases, drought and adverse soil conditions. Moreover, the high acceptance of seed-coating polymers is attributed to their low viscosity and water-based nature, which promotes faster seed germination. Seed-coating polymers keep seeds damp/moist, provide an unwavering temperature, and suppress seeding stress from drying field conditions.
Moreover, seed coating materials market is projected to register the highest CAGR during the forecast period owing to the rising adoption of polymeric materials in farming because of their high usefulness in binding strength and convenience of seed pouring.
In 2023, the Protectants Segment to Dominate the Seed Coating Market
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 primarily 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 effective carrier of plant protectants such as pesticides. In addition, the application of plant protectants through the seed coating provides benefits such as precise placement on the target, minimum toxicant requirements, minimum impact on the environment, and minimum exposure to wildlife and beneficial organisms.
In 2023, the Cereals & Grains Segment to Dominate the Seed Coating Market
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 the growing need to increase cereal & grain production, minimize cereal & grain loss due to pests and diseases, and the increasing use of cereal & grains in animal feed, biofuel, and starch & ethanol production.
North America to Dominate the Overall Seed Coating Market, While Asia-Pacific Leads in Growth
Based on geography, 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 attributed to the growing 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 the growth of seed coating materials market.
However, Asia-Pacific is slated to register the fastest growth rate during the forecast period of 2023–2030 owing to the rising demand for high-yield crop products and growing support from various organizations & governments to enhance crop productivity in several countries.
Key Players
The key players operating in the seed coating materials 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.), among others.
Scope of the report:
Seed Coating Market, by Material Type
Seed Coating Market, by Active Ingredients Type
Seed Coating Market, by Crop Type
Seed Coating Market, by Geography
Key questions answered in the report:
Seed coating is the process of applying exogenous materials to the surface of the natural seed coat. The binder and filler are used as a carrier. Seed coating also improves the quality, plantability and ease of handling of seeds, ultimately leading to more efficient farming and improved yields. It also has reduced environmental risks compared to other farming practices.
The seed coating market is projected to reach $6.13 billion by 2030, at a CAGR of 9.6% during the forecast period.
Which material type segment is estimated to hold the major share of the seed coating market in 2023?
Based on type, in 2023, the polymer segment is expected to account for the largest share of the seed coating market.
The cereals & grains segment is projected to register the highest CAGR during the forecast period of 2023–2030.
· Growing Demand for Low-Cost Crop Protection Solutions
· Rising Focus on Seed Treatment
· Reduction in Arable Lands and the Need to Increase Agricultural Productivity
· Increasing Demand for Low-Cost Alternatives to Hybrid and GM Seeds
· Increasing Farmers’ Preference for Seed-Enhancing Products
· Stringent and Non-Standardized Regulations
· Restriction on the Use of Neonicotinoids
· Limited Shelf Life of Treated Seeds
· Lower Awareness About Seed Coating Technology Among Growers
Asia-Pacific is projected to offer significant growth opportunities for players operating in the seed coating market during the forecast period of 2023–2030.
The key players profiled in the Seed Coating Market study 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.), among others.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Seed Coating Market, by Material Type
3.2.2. Seed Coating Market, by Active Ingredients Type
3.2.3. Seed Coating Materials Market, by Crop Type
3.3. Seed Coating Market: Regional Analysis
3.4. Market Competitors
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Demand for Low-Cost Crop Protection Solutions
4.2.2. Rising Focus on Seed Treatment
4.2.3. Reduction in Arable Lands and the Need to Increase Agricultural Productivity
4.2.4. Increasing Demand for Low-Cost Alternatives to Hybrid and GM Seeds
4.2.5. Increasing Farmers’ Preference for Seed-Enhancing Products
4.3. Restraints
4.3.1. Stringent and Non-Standardized Regulations
4.3.2. Restriction on the Use of Neonicotinoids
4.3.3. Limited Shelf Life of Treated Seeds
4.3.4. Lower Awareness About Seed Coating Technology Among Growers
4.4. Opportunities
4.4.1. Emergence of Biodegradable Seed Coatings
4.5. Challenges
4.5.1. Complexity Process of the Seed Film Coating
4.5.2. Financial Hurdles for New Entrants
4.6. Trend
4.7. The Impact of Covid-19 on the Seed Coating Market
5. Global Seed Coating Market, by Material Type
5.1. Introduction
5.2. Polymers
5.2.1. Polymer Gels
5.2.2. Superabsorbent Polymer Gels
5.3. Colorants
5.4. Minerals/Pumice
5.5. Other Material Types
6. Global Seed Coating Market, by Active Ingredients Type
6.1. Introduction
6.2. Protectants
6.3. Nutrients
6.4. Phytoactive Promoters
6.5. Other Active Ingredients
7. Global Seed Coating Market, by Crop Type
7.1. Introduction
7.2. Cereals & Grains
7.2.1. Corn
7.2.2. Wheat
7.2.3. Other Cereals & Grains
7.3. Oilseeds & Pulses
7.4. Vegetables
7.5. Flowers and Ornamentals
7.6. Other Crop Type
8. Seed Coating Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. Spain
8.3.3. France
8.3.4. U.K.
8.3.5. Russia
8.3.6. Rest of Europe (RoE)
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Mexico
8.5.4. Rest of Latin America (RoLATM)
8.6. Middle East & Africa
9. Competitive Landscape
9.1. Introduction
9.2. Key Growth Strategies
9.3. Market Share Analysis, by Key Players, 2023
9.4. Competitive Benchmarking of Key Players
10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. BASF SE
10.2. Bayer AG
10.3. Chromatech Incorporated
10.4. Cistronics Innovations Pvt. Ltd.
10.5. Clariant International Ltd
10.6. Croda International Plc
10.7. Germains Seed Technology
10.8. Milliken & Company
10.9. Precision Laboratories, LLC
11. Appendix
11.1. Questionnaire
11.2. Available Customization
List of Tables
Table 1 Global Seed Coating Market: Impact Analysis of Market Drivers (2023–2030)
Table 2 Global Seed Coating Market: Impact Analysis of Market Restraints (2023–2030)
Table 3 Global Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 4 Global Seed Coating Polymers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Seed Coating Polymer Gels Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Seed Coating Superabsorbent Polymer Gels Market Size, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Seed Coating Colorants Market Size, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Seed Coating Minerals/Pumice Market Size, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Other Seed Coating Material Types Market Size, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 11 Global Protectants Market Size for Seed Coating, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Phytoactive promoters Market Size for Seed Coating, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Other Active ingredients Market Size for Seed Coating, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 15 Global Seed Coating Materials Market Size for Cereals & Grains, by Type, 2021–2030 (USD Million)
Table 16 Global Seed Coating Market Size for Cereals & Grains, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Seed Coating Market Size for Corn, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Seed Coating Market Size for Wheat, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Seed Coating Market Size for Other Cereals & Grains, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Seed Coating Market Size for Oilseeds & Pulses, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Seed Coating Market Size for Vegetables, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Seed Coating Market Size for Flowers and Ornamentals, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Seed Coating Market Size for Other Crop Type, by Country/Region, 2021–2030 (USD Million)
Table 24 North America: Seed Coating Market Size, by Country, 2021–2030 (USD Million)
Table 25 North America: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 26 North America: Seed Coating Materials Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 27 North America: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 28 U.S.: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 29 U.S.: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 30 U.S.: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 31 Canada: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 32 Canada: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 33 Canada: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 34 Europe: Seed Coating Market Size, by Country, 2021–2030 (USD Million)
Table 35 Europe: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 36 Europe: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 37 Europe: Seed Coating Materials Market Size, by Crop Type, 2021–2030 (USD Million)
Table 38 Germany: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 39 Germany: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 40 Germany: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 41 Spain: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 42 Spain: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 43 Spain: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 44 France: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 45 France: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 46 France: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 47 U.K.: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 48 U.K.: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 49 U.K.: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 50 Russia: Seed Coating Materials Market, by Material Type, 2021–2030 (USD Million)
Table 51 Russia: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 52 Russia: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 53 Rest of Europe: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 54 Rest of Europe: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 55 Rest of Europe: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 56 Asia-Pacific: Seed Coating Market Size, by Country, 2021–2030 (USD Million)
Table 57 Asia-Pacific: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 58 Asia-Pacific: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 59 Asia-Pacific: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 60 China: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 61 China: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 62 China: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 63 Japan: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 64 Japan: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 65 Japan: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 66 India: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 67 India: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 68 India: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 69 Australia: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 70 Australia: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 71 Australia: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 72 Rest of Asia-Pacific: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 73 Rest of Asia-Pacific: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 74 Rest of Asia-Pacific: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 75 Latin America: Seed Coating Market Size, by Country, 2021–2030 (USD Million)
Table 76 Latin America: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 77 Latin America: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 78 Latin America: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 79 Brazil: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 80 Brazil: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 81 Brazil: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 82 Argentina: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 83 Argentina: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 84 Argentina: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 85 Mexico: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 86 Mexico: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 87 Mexico: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 88 Rest of Latin America: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 89 Rest of Latin America: Seed Coating Materials Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 90 Rest of Latin America: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
Table 91 Middle East & Africa: Seed Coating Market Size, by Country, 2021–2030 (USD Million)
Table 92 Middle East & Africa: Seed Coating Market Size, by Material Type, 2021–2030 (USD Million)
Table 93 Middle East & Africa: Seed Coating Market Size, by Active Ingredients Type, 2021–2030 (USD Million)
Table 94 Middle East & Africa: Seed Coating Market Size, by Crop Type, 2021–2030 (USD Million)
List of Figures
Figure 1 Key Stakeholders
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply–side & Demand–side)
Figure 7 Market Size Estimation
Figure 8 Polymers Segment to Dominate the Seed Coating Market in 2023
Figure 9 Protectants to Dominate the Seed Coating Market in 2023
Figure 10 Cereals & Grains to Dominate the Seed Coating Market in 2023
Figure 11 North America to Dominate the Overall Seed Coating Market, While Asia-Pacific Leads in Growth
Figure 12 Market Dynamics
Figure 13 Global Seed Coating Market Size, by Material Type, 2023 Vs.2030 (USD Million)
Figure 14 Global Seed Coating Market Size, by Active Ingredients Type, 2023 Vs.2030 (Units)
Figure 15 Global Seed Coating Market Size, by Crop Type, 2023 Vs.2030 (USD Million)
Figure 16 Global Seed Coating Market Size, by Region, 2023–2030 (USD Million)
Figure 17 North America: Seed Coating Market Snapshot, 2023
Figure 18 Europe: Seed Coating Market Snapshot, 2023
Figure 19 Asia–Pacific: Seed Coating Market Snapshot, 2023
Figure 20 Latin America: Seed Coating Materials Market Snapshot, 2023
Figure 21 Seed Coating Market Share Analysis, by Key Players, 2021 (%)
Figure 22 Seed Coating Market: Competitive Benchmarking, by Type
Figure 23 BASF SE: Financial Overview, 2022
Figure 24 Bayer AG: Financial Overview, 2022
Figure 25 Clariant International Ltd.: Financial Overview, 2022
Figure 26 Croda International Plc.: Financial Overview, 2022
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Sep-2022
Published Date: Aug-2022
Published Date: Sep-2013
