Seed Coating Market Growth Analysis | 2023-2028

Market Insights

The seed coating market was estimated at USD 2.3 billion in 2022 and is likely to grow at a CAGR of 9% during 2023-2028 to reach USD 3.88 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

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 Drivers

The market drivers 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 preemptive measure. The inclusion of specialized additives, such as biostimulants 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.

Want to have a closer look at this market report? Click Here

Key Players

Some of the major players in the 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.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segments Analysis

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 Insights

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.

Know the high-growth countries in this report. Register Here

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s seed coating market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our seed coating market report from the industry stakeholders, we have tried to further accentuate our research scope to the seed coating market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

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 1000 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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The seed coating market is segmented into the following categories:

By Additive Type

• Polymers [Polymer Gels and Superabsorbent Polymer Gels]
• Colorants
• Pellets
• Active Ingredients
• Minerals/Pumice
• Others [Wetting & Dispersing Agents, Anti-Foaming Agents, Thickeners, and Solvents]

By Process Type

• Film Coating
• Encrusting
• Pelleting

By Crop Type

• Cereals & Grains
• Vegetables
• Flowers & Ornamentals
• Oilseeds & Pulses
• Others [Turf and Forage Grasses]

By Active Ingredients Type

• Protectants
• Phytoactive Promoters
• Others [Adjuvants and Inoculants]

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Click here to learn the market segmentation details.

Report Customization Options

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.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.