Seed Coating Market by Type (Polymers, Colorants, Binders, Minerals/Pumice, and Others), Crop Type (Cereals and Grains, Fruits and Vegetables, Flowers and Ornamentals, Oilseeds and Pulses, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026421 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 2.4 billion marks in 2022 and is expected to hit US$ 4.5 billion by 2030, recording a CAGR of 8% during the forecast period.

 

Increasing seed coatings’ usage in agricultural industry to drive market growth

Seed coatings are extensively used to protect the seeds from pests. Growing demand for crop protection among farmers to increase their farm yields is expected to drive the market growth. Furthermore, increasing organic farming trends is likely to favor the NOP-compliant seed protectants’ demand globally. Technological advancement in the seed coating technologies is also expected to support the market growth.     

Within the report, the market is segmented into type, crop type, and geography. By type, the market is further segmented into polymers, colorants, binders, minerals/pumice, and others. By crop type, the market is segregated into cereals and grains, fruits and vegetables, flowers and ornamentals, oilseeds and pulses, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Rising demand for biodegradable seed coatings to offer futuristic market growth opportunities

Increasing awareness regarding the adverse effects of the usage of synthetically processed seed coatings on food is pushing manufacturers toward developing biodegradable seed coatings, offering newer market growth opportunities. Furthermore, governmental mandate on the usage of plastic-free seed coatings is likely to increase the biodegradable seed coatings’ demand in many countries worldwide. Easy consumers’ accessibility to the seed coatings of different colors and finishes is anticipated to drive the colorants’ segmental growth.  

 

Rising usage on various crop seeds to drive seed coating market growth

Seed coatings are widely used as a protectant material on various crops such as cereals & grains, fruits & vegetables, flowers & ornamentals, oilseeds & pulses, and others. Seed treatment solutions are highly efficient in protecting cereal seeds from the unusual fungal pressure. Therefore, increasing awareness regarding the effectiveness of such solutions among cereal farmers is expected to favor the product demand. In addition, rising demand for organically produced fruits & vegetables requiring usage of the seed coating solutions in its initial production phase is likely to drive the fruits & vegetables’ segmental growth. Increasing seed coatings usage in protecting other crop seeds such as flowers & ornaments, oilseed & pulses, and others is also supporting the product demand worldwide.     

 

Recent strategic developments in seed coating market

The seed coating market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2021, California US-based Tide Rock Holdings acquired Summit Seed Coatings and Midwest Seed Coatings, agricultural seed stores to build their capability of meeting customers’ seed coating needs.
  • In July 2021, Solvay, a Belgium-based global chemical company acquired Bayer AG’s bio-based seed care product portfolio to expand its presence in the seed coating industry. 

The seed coating market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. BASF SE, Bayer Cropscience AG, BrettYoung Seeds Limited., Chemtura Corporation, Clariant Incorporation are among the prominent players operating in the market.

Target audience for the report:

  • Seed coating manufacturers
  • Seed coating suppliers
  • Seed coating retailers and exporters
  • Chemical industry-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of seed coatings
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Polymers
    • Colorants
    • Binders
    • Minerals/Pumice
    • Others  
  • Crop Type:
    • Cereals and Grains
    • Fruits and Vegetables
    • Flowers and Ornamentals
    • Oilseeds and Pulses
    • Others   
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • BASF SE
  • Bayer Cropscience AG
  • BrettYoung Seeds Limited.
  • Chemtura Corporation
  • Clariant Incorporation 

Companies profiled
- BASF SE
- Bayer Cropscience AG
- BrettYoung Seeds Limited.
- Chemtura Corporation
- Clariant Incorporation

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