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Seed Coating Material Market Analysis

  • Report ID: GMI10873
  • Published Date: Aug 2024
  • Report Format: PDF

Seed Coating Material Market Analysis

Based on ingredients, the market is segmented into binders, polymers, seed planting lubricants, fertilizers, adjuvants and colorants. Polymers held the dominant market share of 24.6% in 2023 and are expected to grow significantly with CAGR of 8.5% till 2032. The polymer segment leads in the seed coating material market due to its crucial role in improving seed performance and protection. Polymers create a protective layer around seeds, enhancing their resistance to pests, diseases, and environmental stress. This layer also ensures better seed flow during planting and a uniform application of active ingredients like fertilizers and pesticides. Polymers' versatility allows manufacturers to develop custom formulations for specific crops and regional conditions. They also improve the adhesion of other coating materials, such as colorants and fertilizers. As the demand for high-yield, resilient crops grows, the polymer segment is expected to maintain its leading position, driven by ongoing innovations in polymer technologies.
 

Seed Coating Material Market Revenue Share, By Crop Type, (2023)

Based on crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and other crops (including turf, ornamentals). Cereals and grains accounted for major market share in 2023 and is projected to grow through 2032 at a CAGR of 6.7%. The cereals and grains segment leads due to the high demand and extensive cultivation of staple crops like wheat, corn, rice, and barley. These crops are essential for global food security, driving the need for better agricultural practices to boost yield and protect crops. Seed coating materials help improve germination rates and protect seeds from pests, diseases, and harsh conditions.
 

North America Seed Coating Material Market Size, 2021 - 2032 (USD Million)

Regions such as North America, Asia-Pacific, and Europe, known for large-scale cereal and grain production, have widely adopted seed coating technologies. This adoption meets the needs of both food and feed industries. As the global population grows, the demand for cereals and grains will increase, reinforcing this segment's leading position. Continuous innovations in seed coating formulations will sustain their dominance.
 

Based on type of seed coating, the market is segmented into film coating, encrusting and pelleting. The film coating segment leads in dominance within the seed coating material market. This technique applies a thin, uniform layer around seeds, enhancing protection and boosting seedling growth. Benefits include controlled nutrient and pesticide release, better seed handling, and uniform germination. Its prominence comes from effective protection against environmental stressors and pests, and support for precision farming. Advanced formulation technology and rising demand for high-quality seeds further solidify its top position.
 

North America leads in seed coating materials due to advanced farming practices, precision farming technologies, and significant R&D investments. The U.S. and Canada, with their strong agricultural sectors and innovative seed treatments, drive this dominance. Efforts to enhance crop yield and quality through seed coating, along with supportive government policies, further boost the region's position. The trend towards sustainable agriculture also supports North America's leadership in this field.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global market size for seed coating material was valued at USD 1.8 billion in 2023 and is anticipated to register over 7.5% CAGR between 2024 and 2032 due to the rising demand for high-quality seeds and crop diversification.

The polymers segment in the seed coating material market held 24.6% revenue share in 2023 due to its crucial role in improving seed performance and protection.

North America market is expected to record substantial growth through 2032 due to advanced farming practices, precision farming technologies, and significant R&D investments.

BASF SE, Centor Group, Clariant International, Croda International, FMC Corporation, Germains Seed Technology, Incotec Group, Mahendra Overseas, Precision Laboratories, Verdesian Life Sciences, and .Xampla

Seed Coating Material Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 240
  • Countries covered: 20
  • Pages: 145
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