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  • Published On : Dec 2022
  • Code : CMI965
  • Industry : Agrochemicals
  • Pages : 260
  • Formats :

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

Seed Coating Materials  | Coherent Market Insights

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.

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Seed Coating Materials Market Report Coverage

Report Coverage Details
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:
  • By Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Crop Type: Fruits & Vegetables, Cereals & Grains, Flowers & Ornaments, Oil Seeds, Others
  • By Product Type: Polymers, Colorants, Binders, Minerals/Pumice, Others
Companies covered:

Clariant International, Chemtura Corporation, BASF SE, Bayer CropScience AG, Precision Laboratories LLC, Croda International PLC, Platform Specialty Products Corporation and Chromatech Incorporated

Growth Drivers:
  • Rising demand for food and other agricultural goods around the world, agricultural investments
Restraints & Challenges:
  • Stringent government regulations imposed on the use of chemicals

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

Seed Coating Materials  | Coherent Market Insights

Recent Developments

  • In July 2021, Solvay, a global leader in materialschemicalsand solutions acquired The Bayer Seed coating, a company engaged in seed coating and seed enhancement products business. With this acquisition, Solvay will be able to expand its product portfolio and research & development capabilities for seed-based products. 
  • In February 2022, Croda International, a British speciality chemicals company partnered with Xampla, a company engaged in creation of plant protein material for commercial use to contrive a completely biodegradable seed coating that is microplastic-free in nature. This partnership is helping Croda International lead the seed coating material market. This will also help Croda International offer enduring solutions in compliance with the microplastic ban in a few countries.
  • In September 2021, Croda International, a British speciality chemicals company announced the opening of crop product validation center in Holambra, Brazil. It prepares plant growth mediums based on regions climatic conditions.

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 is the method of protecting seed by covering it with protective material such as polymers, binders, colorants etc. The main purpose of seed coating is to improve performance of seed and timely supply of seeds at reasonable prices. Increasing population across the globe has increased requirement for agricultural crops, which is expected to boost growth of global seed coating materials throughout the forecast period. According to the UN survey, world population was 7.442 billion in 2019 and has reached to approximately 7.576 billion in October 2020.

Market Dynamics

The increasing demand for seed coatings in advanced farming technology is projected to fuel growth of global seed coating materials market over the forecast period. North America held highest revenue share and the region is expected to maintain a dominant position in the seed coating materials market, due to high awareness of seed treatment in the region. Owing to increasing consumption and production of cereals & grain, cereals and grain segment is projected to hold a dominant position in the market. Increasing demand for polymeric seed coatings is expected to have positive impact on growth of polymer segment in the near future.

Seed coating compounds are primarily used to extend the shelf life of seeds while also increasing their appearance. Market demand for these items is being bolstered by the implementation of sustainable agricultural practices. The introduction of new kinds of flowers and attractive variants is likely to boost overall demand. Increasing demand for natural food items is also a driving force behind the global need for seed coating materials.

High-quality seed coating materials are quickly gaining traction in major crop-producing economies as a way to boost crop production while also improving crop quality and making them more commercially appealing. Rising agricultural investments, major advancements in agricultural equipment, and growing focus on the value of genetically modified seeds such as tallow tree seeds among farmers are all driving demand for seed coating materials around the world

Key features of the study:

  • This report provides an in-depth analysis of the global seed coating materials market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global seed coating materials market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study 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.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global seed coating materials market report caters to various stakeholders in this industry including investors, suppliers, seed coating materials manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global seed coating materials market

Detailed Segmentation:

  • Global Seed Coating Materials Market, By Crop Type:
    • Fruits & Vegetables
    • Cereals & Grains
    • Flowers & Ornaments
    • Oil Seeds
    • Others
  • Global Seed Coating Materials Market, By Product Type:
    • Polymers
    • Colorants
    • Binders
    • Minerals/Pumice
    • Others
  •  Global Seed Coating Materials Market, By Region:
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • South Korea
      • Australia
      • Rest of Asia Pacific
    • Middle East & Africa
      • Middle East
      • Africa           
  • Company Profile
    • Clariant International*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Chemtura Corporation
    • BASF SE
    • Bayer CropScience AG
    • Precision Laboratories LLC
    • Croda International PLC
    • Platform Specialty Product Corporation
    • Chromatech Incorporated

 “*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global seed coating materials market was valued at around US$ 1760.0 Million in 2021.
Increasing research and development activities to develop high performance coating methods with advanced features is one of the major factors that is expected to propel growth of the market over the forecast period
Rising demand for food and other agricultural goods around the world, agricultural investments are likely to rise as well, boosting the size of the  market.
Stringent government regulations imposed on the use of chemicals is expected to hinder growth of the market.
Major players operating in the market include, Clariant International, Chemtura Corporation, BASF SE, Bayer CropScience AG, Precision Laboratories LLC, Croda International PLC, Platform Specialty Products Corporation and Chromatech Incorporated.
The market is estimated to grow at around 6.92 % CAGR in the forecast period (2022-2030).

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