Global Seed Coating Materials Market Size 2024, Forecast To 2033
11 Mar, 2024
The seed coating materials market has undergone rapid growth, surging from $2.19 billion in 2023 to $2.42 billion in 2024, showcasing a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period is attributed to an increasing focus on biodegradable seed coatings, a rising demand for plant-based food items, and an uptick in mergers and acquisitions. Looking ahead to 2028, the market is anticipated to experience rapid growth, reaching $3.57 billion with a CAGR of 10.2%. This growth is linked to factors such as increasing population growth, the implementation of sustainable agricultural practices, and the rapid expansion of the agriculture sector. Significant trends in the forecast period encompass the development of better and efficient coating polymers to enhance product portfolios, a focus on organic coating materials, innovations in seed coating materials, research and development of biodegradable options, a focus on micro plastic-free seed coatings, and the launch of innovative products to fortify market positions.
Global Seed Coating Materials Market Key Driver
The seed coating materials market is set to experience growth driven by the increasing demand for plant-based food items during the historic period. The rising popularity of plant-based foods, including fruits, vegetables, nuts, seeds, oils, whole grains, legumes, and beans, has led to a surge in demand for agricultural products. Effective seed coating materials are employed to control pests, enhance crop yield, manage plant growth, and improve the overall quality of agricultural output. According to data from SPINS, the US Plant-Based Foods Association, and the Good Food Institute, plant-based food sales in the US reached $7.4 billion in 2021, marking a 6% increase from 2020. The growing preference for plant-based food items is a key factor propelling the growth of the seed coating materials market, with market sizes in 2023, 2024, and 2028 being essential indicators for monitoring its expansion.
Get A Free Sample Of The Global Seed Coating Materials Market ReportGlobal Seed Coating Materials Market Segments
The seed coating materials market covered in this report is segmented –
1) By Coating Type: Bio-Based Coating, Synthetic Coating
2) By Process: Cereals And Grains, Fruits And Vegetables, Flowers And Ornamentals, Oilseeds And Pulses, Other Crop Types
3) By Crop Type: Superparamagnetic, Ferrimagnetic
4) By Material Type: Polymers, Colorants, Pellets, Minerals/Pumice, Active Ingredients, Binders, Other Material Types
By Geography:The regions covered in the seed coating materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the seed coating materials market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the seed coating materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Seed Coating Materials Industry Players
BASF SE, Syngenta, Solvay S.A., Croda International Plc, Milliken and Company, Germains Seed Technology, Brett-Young Seeds Ltd., Precision Laboratories Inc., Seed Coating Polymers, JK Agri-Genetics Ltd, Kalash Private ltd, Limagrain, Maharashtra Hybrid Seeds Company Pvt. Ltd., Bejo Seeds, Fairbanks Seeds, Seminis, Beijing Namo Tech.-Trade Co. Ltd., Linong Vegetable Seeds, Leadhood Seed Co.Ltd, Guangzhou Lead You Seed Co. Ltd, KWS SAAT SE & Co. KGaA, Rijk Zwaan, AGROPLAZMA LLC, Agri-Saaten, Riverford Organic Farms, Azelis, Maribo, S.C. InterAgro S.A., Bayer CropScience AG, Clariant International, Earth's Own Food Company Inc, Daiya Foods, Incotec Group, Chromatech Incorporated, Germains Seed Technology, Brett Young, Keystone Aniline Corporation, Precision Laboratories, Sensient Technologies, Tecnoseeds, GlobeNatural, De Alimentos, Adm Do Brasil Ltda, Koita FZE, At Al Islami Foods, Soy Africa Limited
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Seed Coating Materials Market Overview
The seed coating materials refer to coating seeds with crop protection materials and some other non-chemical/biological products. Seed coating involves the application of exogenous materials to the surface of seeds to improve their appearance and handling characteristics, which can protect the seed against phytopathogens and increase germination and plant growth. These materials are used for improving shelf life along with seed performance and plant establishment.
Seed Coating Materials Global Market Report 2023 provides data on the global seed coating materials market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The seed coating materials market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.