Seed Coating Market Growth Analysis | 2023-2028

Market Insights

The Seed Coating Market was estimated at US$ 2.3 billion in 2022 and is expected to grow at a healthy CAGR of 9% during 2023-2028, to reach US$ 3.88 billion in 2028.

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What is Seed Coating?

Seed coating is a process in which seeds are covered with a protective layer to enhance their performance during planting and germination. The coating material is typically a combination of polymers, fertilizers, fungicides, insecticides, and other additives. The coating serves multiple purposes: it provides protection against diseases, pests, and environmental stresses; improves seed handling and flowability; enhances seed viability and germination rates; and enables precise placement during planting. Seed coating also allows for the incorporation of beneficial substances, such as growth-promoting hormones or micronutrients, which can support early seedling development. Overall, seed coating is an effective technique to maximize seed performance and crop yield.

Market Dynamics

The market dynamics of seed coating are influenced by an array of factors. Firstly, there is an escalating demand for enhanced crop yields and superior seed performance, which is driving the widespread adoption of advanced seed coating technologies. Furthermore, mounting concerns surrounding seed-borne diseases and pests have propelled the utilization of coatings as a pre-emptive measure. The inclusion of specialized additives, such as bio-stimulants and microbial inoculants, has additionally propelled market expansion. Moreover, the inclination towards precision agriculture and the necessity for precise seed placement have amplified the need for coated seeds. Nevertheless, market dynamics are also molded by regulations pertaining to pesticide and chemical usage, environmental considerations, and the availability of cost-effective coating solutions.

Segments Analysis

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By Additive Type

Based on the additive type, the market is segmented as polymers, colorants, pellets, active ingredients, minerals/pumice, and others. The polymer segment held the largest share of the market and is expected to remain dominant during the forecast period. The extensive use of polymers, due to their functional qualities of improving the nutritive value of seeds and enhancing their appearance, is driving the growth of this segment.

By Process Type

Based on the process type, the market is segmented as film coating, encrusting, and pelleting. The film coating segment held the largest share of the market and is expected to remain dominant during the forecast period. The increase in the consumption of cereals, grains, oilseeds, pulses, and vegetables is driving the growth of this segment.

By Crop Type

Based on the crop type, the market is segmented as cereals & grains, vegetables, flowers & ornamentals, oilseeds & pulses, and others. The cereals & grains segment held the largest share of the market and is expected to maintain its dominance during the forecast period. The trend of using coated seeds is increasing on a large scale in regions that witness extensive production and cultivation, which in turn, is driving the growth of this segment.

By Active Ingredients Type

Based on the active ingredient type, the market is segmented as protectants, phytoactive promoters, and others. The protectants industry segment dominates the market. Further, the increasing incidence of soilborne pests and diseases is one of the key factors that is expected to underpin the growth of the segment during the forecast period.

Regional Analysis

In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for seed coating during the forecast period, with the USA, Canada, and Mexico, being the major countries with lucrative growth opportunities. Favorable trade and price support systems have stimulated the import and export of cereals and oilseeds in the US. The usage of seed coatings is considered a risk-hedging technique and is considered to be a safe investment, which has led to increased sales of coated seeds in the North American market. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major players in the seed coating market are-

• BASF SE
• Bayer AG
• Brett Young Seeds Ltd
• Clariant AG
• Croda International Plc
• Germain Seed Technology Inc.
• Michelman, Inc
• Precision Laboratories
• Sensient Technologies
• Smith Seed Service.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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