Seed coating is the method of applying seed protection formulation over seed surface. The prime aim for seed coating is enhance protection of the seeds against pathogenic, fungal attacks. Applying weight to very light seeds and improving shape of uneven seeds for greater precision of planting are some other purposes of seed coating. Various materials such as polymers, fertilizers, repulsive agents are used to coat seeds.
Global seed coating materials market was valued at US$ 1760.0 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.92% during the forecast period (2022 to 2030).
Drivers
Key advantages associated with seed coating such as high crop yield per hectare, high binding capacity coupled with high shelf life, higher seeding rates are expected to fuel demand for seed coating materials throughout the forecast period. In addition, increasing research and development activities to develop high performance coating methods with advanced features is expected to fuel growth of seed coating materials market over the forecast period
Because they perform better than uncoated seeds, coated seeds are becoming increasingly popular in the world's agriculture sector. Rising demand for high-value commercial crops is expected to fuel market expansion in the ensuing years, along with an increase in the number of market participants in the seed treatment sector. These factors will likely cause the seed coating materials market to expand significantly over the forecast period. The industry is anticipated to experience significant expansion due to the rapidly expanding agricultural and related industries. The market need is also increased by using hybrid and genetically modified crops and cutting-edge farming methods. The farming industry offers profitable opportunities for seed coating materials market expansion despite low investment costs.
The COVID-19 pandemic disturbed the seed coating material sector, which was on a surge to grow with high speed. Lockdowns caused R&D in agricultural sector to stop, supply chains to break down, and delayed the rollout of newly created commercial items to market. As a result, the sector encountered numerous difficulties during the pandemic and was negatively impacted.
Figure 1. Global Seed Coating Materials Market Value Share (%), By Region, 2021
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Market Restraints
Stringent government regulations imposed on the use of chemicals is a restraint for seed coating materials market growth. The impact of this restraint is expected to be low due to technological advancement in coating materials manufacturing processes.
Seed Coating Materials Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 1760.0 Mn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 6.92 % | Forecast Period: | 2022-2030 |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Clariant International, Chemtura Corporation, BASF SE, Bayer CropScience AG, Precision Laboratories LLC, Croda International PLC, Platform Specialty Products Corporation and Chromatech Incorporated |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
Protectants, symbiotic microbes, seed coating adjuvants, germination stimulants, and colors are better handled and delivered when seeds are artificially coated. The application of such coatings to seeds has the potential to minimize agricultural use of chemical fertilizers and pesticides. These are some of the major aspects that are expected to drive the industry.
With rising demand for food and other agricultural goods around the world, agricultural investments are likely to rise as well, boosting the size of the global seed coating materials market. Growing demand for high-value commercial crops, combined with an increasing number of market players in the seed treatment business, is expected to fuel seed coating materials market over the forecast period.
Figure 2. Global Seed Coating Materials Market Value Share (%), By Crop Type, 2021
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Recent Developments
Competitive Section
Major players operating in the global seed coating materials market include, Clariant International, Chemtura Corporation, BASF SE, Bayer CropScience AG, Precision Laboratories LLC, Croda International PLC, Platform Specialty Products Corporation and Chromatech Incorporated among others.
Seed Coating Materials Market Report Snapshots
Frequently Asked Questions
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