Seed Coating Materials Market Research Report - Global Forecast till 2030

Seed Coating Materials Market Research Report: Information by Type (Polymers, Colorants, Binders, and Others), Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, and Others), and Region (North America, Europe, Asia-Pacific, and RoW)– Forecast till 2030

ID: MRFR/AGR/4046-HCR | November 2022 | Region: Global | 110 Pages         

Seed Coating Materials Market

Seed coating materials market garner a revenue of USD 3.9 billion by 2030, with a CAGR of approximately 7.85% during the forecast period, 2022–2030.

Segmentation

By Type Polymers Colorants Binders
By Crop Type Cereals & Grains Pulses & Oilseeds Fruits & Vegetables
By Region North America Europe Asia-Pacific RoW

Key Players

  • BASF SE (Germany)
  • Element Solutions Inc (US)
  • Incotec Group BV (Netherlands)
  • Clariant International AG (Switzerland)
  • Bayer (Germany)
  • Chromatech Inc. (US)
  • Keystone Aniline Corporation (US)
  • Precision Laboratories Inc. (US)
  • Brett-Young Seeds Ltd. (Canada)
  • Germains Seed Technology Inc. (US)
  • Croda International Plc.

Drivers

  • Develop natural & organic coating materials
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Seed Coating Materials Market Scenario  


Seed Coating Materials Market garner a revenue of USD 3.9 Billion by 2030, with a CAGR of approximately 7.85% during the forecast period, 2022–2030. Adoption of advanced farming technologies is amongst the major factors responsible for the surging demand for coated seeds. Coated seeds offer increased performance as compared to uncoated seeds, thus gaining demand in the global agriculture industry. Owing to these determinants, the seed coating materials market is expected to register an impressive growth rate during the forecast period. However, the implementation of stringent government regulations regarding coated seeds, especially in Europe, is hampering market growth. Market players are witnessing several challenges in their growth, such as the lack of awareness among farmers of the developing nations, regarding the benefits of coated seeds, and increasing commercialization and acceptance of genetically modified seeds. To overcome these challenges, market players are focusing on their R&D activities to launch natural and organic seed coating materials. Additionally, manufacturers of seed coating materials are also focusing on expansion, mergers & acquisitions, and partnerships to strive in such a competitive market.


Segmentation


The market has been segmented based on type, crop type, and region. By type, the market has been classified as polymers, colorants, binders, and others. By crop type, the global market has been classified as cereals & grains, pulses & oilseeds, fruits & vegetables, and others.  The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North America market has further been segmented into the US, Canada, and Mexico. The Europe seed coating materials market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The seed coating materials industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


BASF SE (Germany), Element Solutions Inc (US), Incotec Group BV (Netherlands), Clariant International AG (Switzerland), Bayer (Germany), Chromatech Inc. (US), Keystone Aniline Corporation (US), Precision Laboratories Inc. (US), Brett-Young Seeds Ltd. (Canada), Germains Seed Technology, Inc. (US), and Croda International Plc. (UK) are some of the key players in the global seed coating materials industry.


Regional Market Summary


North America dominated the global seed coating materials market in 2021 and is expected to maintain its dominance throughout the forecast period. The region’s dominance can be attributed to the high awareness level among farmers regarding the benefits of seed coating materials. Moreover, the presence of several prominent market players in the US is also catalyzing the growth of the regional market. However, the Asia-Pacific market is expected to register the highest CAGR due to the increasing investment by major players in the regional market. China, India, and Japan are the prominent country-level markets contributing to the growth of the market in Asia-Pacific.  


Global Seed Coating Materials Market, by Type



  • Polymers

  • Colorants

  • Binders

  • Others


Global Seed Coating Materials Market, by Crop Type

  • Cereals & Grains

  • Pulses & Oilseeds

  • Fruits & Vegetables

  • Others


Global Seed Coating Materials Market, by Region

  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience

  • Seed coating material manufacturers

  • Seed industry

  • Raw material suppliers

  • Retailers and wholesaler

  • E-commerce industry

  • Traders, importers, and exporters



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3.9 Billion
  CAGR   7.85%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Crop Type, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Element Solutions Inc (US), Incotec Group BV (Netherlands), Clariant International AG (Switzerland), Bayer (Germany), Chromatech Inc. (US), Keystone Aniline Corporation (US), Precision Laboratories Inc. (US), Brett-Young Seeds Ltd. (Canada), Germains Seed Technology, Inc. (US), and Croda International Plc. (UK)
  Key Market Opportunities   Adoption of advanced farming technologies
  Key Market Drivers   Develop natural & organic coating materials


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Frequently Asked Questions (FAQ) :

Seed coating market is projected to grow at approximately 7.85% CAGR during the assessment period (2022-2030).

Seed coating market is estimated to reach a valuation of approx. USD 3.9 BN by the end of 2030.

BASF SE (Germany), Incotec Group BV (Netherlands), Element Solutions Inc. (US), Clariant International AG (Switzerland), Chromatech Inc. (US), Bayer (Germany), Keystone Aniline Corporation (US), Brett-Young Seeds Ltd. (Canada), Precision Laboratories Inc. (US), Croda International Plc. (UK), and Germains Seed Technology, Inc. (US), are some of the top players operating in the global seed coating market.

North America holds the largest share in the global seed coating market, followed by Europe and the Asia Pacific, respectively.