According to this latest publication from Meticulous Research®, the seed coating market is projected to reach $6.13 billion by 2030, at a CAGR of 9.6% during the forecast period 2023–2030. The seed coating market is poised for significant growth due to the rising demand for low-cost crop protection solutions and technological advancements. Seed treatment has become a focus for farmers and there is an increasing need to improve crop productivity. This, coupled with the growing demand for alternatives to hybrid and genetically modified seeds, has led to an increased preference for seed-enhancing products. The emergence of biodegradable seed coatings offers further growth opportunities in this market. However, there are challenges such as stringent regulations, restrictions on the use of neonicotinoids, limited shelf life of treated seeds, and low awareness among growers in developing countries. Additionally, the complex process of seed film coating and financial barriers for new entrants pose challenges to the market's growth.
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The global seed coating market is poised to grow in the coming years, with several factors driving its growth. The market is segmented by material type, active ingredients type, and crop type, and the study of the market also evaluates industry competitors and analyzes the market at the regional and country levels. In 2023, the polymer segment is expected to be the largest in terms of material type, owing to its ability to improve seed germination and protect against various environmental stressors. The protectants segment is expected to dominate the active ingredients type segment, due to the growing incidence of soilborne pests and diseases. Meanwhile, the cereals & grains segment is expected to be the largest in terms of crop type, driven by factors such as increasing demand for cereals & grains and their increasing use in various industries.
The seed coating market presents a significant growth opportunity for industry participants, as it provides benefits such as precise placement of active ingredients, minimum toxicant requirements, and minimum environmental impact. With growing demand for food crops, the seed coating market is expected to grow further in the coming years, driven by increasing awareness of the benefits of seed coating. The market is expected to provide a fertile ground for new entrants, as well as established players looking to expand their reach and market share. The increasing use of seed coating in various crop types, such as vegetables and flowers, is also expected to provide new growth opportunities for the seed coating market.
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This research report also analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, Spain, France, U.K., Russia, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Latin America (Brazil, Argentina, Mexico, and RoLATAM), and the Middle East & Africa. 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 primarily attributed to the increasing 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 this market's growth.
Scope of the report:
Seed Coating Market, by Material Type
• Polymers
o Polymer Gels
o Superabsorbent Polymer Gels
• Colorants
• Minerals/Pumice
• Other Material Types
Seed Coating Market, by Active Ingredients Type
• Protectants
• Nutrients
• Phytoactive Promoters
• Other Active Ingredients
Seed Coating Market, by Crop Type
• Cereals & Grains
o Corn
o Wheat
o Other Cereals & Grains
• Oilseeds and Pulses
• Vegetables
• Flowers and Ornamentals
• Other Crop Type
Seed Coating Market, by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o Spain
o France
o U.K.
o Russia
o Rest of Europe (RoE)
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific (RoAPAC)
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America (RoLATM)
• Middle East & Africa
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