‘Seed Coating Market by Type (Polymers, Colorants, Minerals/Pumice), Active Ingredients Type (Protectants, Nutrients, Phytoactive Promoters), Crop Type (Cereals and Grains, Oilseeds and Pulses, Vegetables, Flowers and Ornamentals) - Global Forecast to 2030,’ the seed coating market is expected to reach $6.13 billion by 2030, at a CAGR of 9.6% during the forecast period 2023–2030.
The seed coating industry is experiencing significant growth due to various factors, including the rising demand for cost-effective crop protection solutions and advancements in technology. Additionally, the focus on seed treatment, the need to boost agricultural productivity, and the increasing preference for seed-enhancing products by farmers are also driving the growth of this market.
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One critical driver of this industry is the increasing demand for low-cost alternatives to hybrid and genetically modified seeds. However, there are also challenges facing the seed coating market. These include a stringent and non-standardized regulatory framework, restrictions on the use of neonicotinoids, and limited shelf life of treated seeds. Furthermore, growers in developing countries may have lower awareness of seed coating technology, which may hinder the market's growth.
Despite these challenges, the emergence of biodegradable seed coatings provides a significant growth opportunity for stakeholders in this market. However, the complex process of seed film coating and financial hurdles for new entrants remain a challenge to this industry's growth.
Based on material type, in 2023, the polymer segment is expected to account for the largest share of the seed coating market. The large market share of this segment is attributed to the growing demand for polymers in seed coating due to their capability to enhance the seed germination process and provide protection against pests, diseases, drought and adverse soil conditions. The high acceptance of seed-coating polymers is attributed to their low viscosity and water-based nature that promote speedier seed germination. Seed-coating polymers keep seeds damp/moist, provide an unwavering temperature, and suppress seeding stress from drying field conditions.
Based on active ingredients type, in 2023, the protectants segment is expected to account for the largest share of the seed coating market. The large market share of this segment is primarily attributed to the rising incidence of soilborne pests and diseases and the need for a safe and controlled application of plant protectants. Seed coating is an effective carrier of plant protectants such as pesticides, and it provides several benefits such as precise placement of protectants on the target, comparatively minimum toxicant requirements, minimum impact on the environment, and least possible exposure to wildlife and beneficial organisms.
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Based on crop type, in 2023, the cereals & grains segment is expected to account for the largest share of the seed coating market. The large market share of this segment is attributed to the increasing demand for cereals & grains due to rapid population growth, the need to lower the loss of cereals & grains due to pests and diseases, and the increasing use of cereals & grains in animal feed, biofuel, and starch & ethanol production.
Based on geography, in 2023, North America is expected to account for the largest share of the seed coating market. This region’s large market share is primarily attributed to the rising 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 increasing awareness about sustainable crop production techniques to lessen the environmental impact of high residue, and the presence of a large number of key stakeholders in the region are further supporting the growth of this market.
Seed Coating Market, by Active Ingredients Type
• Protectants
• Nutrients
• Phytoactive Promoters
• Other Active Ingredients
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Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the seed coating market are BASF SE (Germany), Bayer AG (Germany), Chromatech Incorporated (Netherlands), Cistronics Innovations Pvt. Ltd. (India), Clariant International Ltd. (Switzerland), Croda International Plc. (U.K), Germains Seed Technology (U.S.), Milliken & Company (U.S.), and Precision Laboratories, LLC (U.S.).
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