In 2024, the seed coating material market is valued at USD 2,059.0 million. Projections indicate a forecasted compound annual growth rate (CAGR) of 5.9% from 2024 to 2034. By 2034, the global seed coating material market is expected to reach USD 3,639.7 million.
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Seed coating is a process in which seeds are directly coated with various material such as fertilizers, repulsive agents, crop protection chemicals plant growth regulators and others, which offers both aesthetic and environmental benefits. The primary goal of seed coating material is rapid multiplication and timely supply of crop at reasonable price.
Other benefits associated with seed coating material include high yield per hectare, low seeding rate, multicomponent product and others, which are driving the demand for seed coating material across the globe. This growth is especially observed in the developing regions, where agriculture is the prime contributor to the overall economy.
Seed Coating Material Market Segmentation
Seed coating material market is segmented on the basis of type which includes, colorants, binders, polymers and other additives. Among all the above segments polymer is expected to account for the major share in terms of revenue contribution in seed coating material market during the forecast period.
Higher efficiency to improve plant ability and durability of seeds is expected to support the growth of polymer seed coating material during the forecast period. Apart from polymer, binders are also expected to show a substantial growth in next five to six years.
Many different compounds are used in binders which includes various starches, sugars, cellulose, vinyl polymers, clay, gum arabic, and others. However, binder concentration is critical as too much binding delays germination, while too little binding can cause chipping and cracking of pellets in the planter box.
Competitive Landscape
Seed coating material manufacturers are currently focusing on extending their market presence in Asia and Latin America. The industry shows promising growth potential in both developed and developing regions. The increasing demand for high-quality food and beverages is a significant factor driving the expansion of the market.
- In February 2022 - Croda International Plc has recently unveiled a collaboration with Xampla, a company associated with Cambridge University.This partnership signifies a commitment to advancing sustainable agricultural practices and aligns with global efforts to reduce the environmental impact of conventional seed coating materials. The collaboration aims to introduce innovative solutions that enhance seed performance while addressing concerns related to plastic pollution and promoting eco-friendly alternatives in agriculture
- Incotec Group specializes in seed enhancement technologies, providing seed coating, pelleting, and other seed treatment solutions. The company focuses on improving seed performance and ensuring better plant establishment.
Key Companies Profiled
- Bayer CropScience AG
- BASF SE
- Clariant International
- Croda International
- Incotec Group
- Chromatech Incorporated
- Germains Seed Technology
- Brett Young
- Keystone Aniline Corporation
- Precision Laboratories
- Mahendra Overseas
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Seed Coating Material Market -Key Segments
By Product Type:
- Polymers
- Pellets
- Colorants
- Minerals/Pumice
- Other Types
By Crop Type:
- Cereals and Grains
- Vegetables
- Oilseeds & Pulses
- Flowers & Ornamentals
- Other Crop Types
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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