“Seed coating market is projected to grow at a CAGR of 8.5%”
The seed coating market is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 8.5% from 2019 to 2025. The market is further driven by factors such as the increasing demand for coated seeds by advanced agricultural technologies, increasing awareness among farmers about the commercial utilization of seeds, and the increasing need for seed treatment, which has led to an increase in agricultural output. The high growth potential of agricultural businesses in developing countries and untapped regions, such as Asia Pacific, Middle East, and Africa, are projected to provide new growth opportunities for market players. Uncertainty in climatic conditions is also a key factor inhibiting the growth of the seed coating market.
“Polymers accounted for the largest share in 2018 among all the additives used as seed coating”
Among the additives of seed coatings, the polymers segment accounted for the largest share, followed by pellets and colorants. Polymers are used on a large scale due to their functional qualities, which enhance the germination of seeds, provide ease of handling, improve flowability, and enhance the seed performance, which leads to higher crop yield.
“The cereals & grains segment led the market with the largest share in 2018”
On the basis of crop type, the seed coating market is projected to remain dominated by the cereals & grains segment, followed by the oilseeds & pulses, vegetables, and flowers & ornamentals segments. The demand for cereals and grains is continuously increasing, as it is an important part of the daily meal consumed by the growing population. This has led to an increase in the use of seed coating materials on seeds of cereals and grains, eventually enhancing the agricultural output.
“North America dominated the market accounting for the largest share in 2018”
North America accounted for the largest share in the seed coatings market in 2018 and is projected to grow at a CAGR 8.8% from 2019 to 2025, whereas Europe accounted for the second-largest share in the market in 2018, in terms of value. The global seed coating market is segmented on the basis of regions, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia Pacific, South America, and Rest of the World (RoW). Seed coatings are becoming popular among seed manufacturers in the developing regions of Asia Pacific and South America, mainly due to the rising demand for treated seeds by farmers, as a result of the increasing awareness about the benefits of treated seeds.
Breakdown of profile of primary participants:
- By Manufacturers: Manager & executives – 60 %, Junior level employees – 20%, and Managing Directors – 20%
- By Designation: CXO level – 30%, Managers– 50%, Executives– 20%
- By Region: US - 20%, China – 5%, India – 55%, Australia – 20%
Leading players profiled in this report:
BASF SE (Germany)
Bayer AG (Germany)
Clariant AG (Switzerland)
Croda International PLC (UK)
Sensient Technologies (US)
BrettYoung Seeds Limited (Canada)
Precision Laboratories, LLC (US)
Germains Seed Technology, Inc. (UK)
Milken Chemicals (US)
CR Minerals (US)
Universal coating systems (US)
Centor Oceania (Australia)
Chromatech Incorporated (US)
Michelman, Inc (US)
Smith Seed Service (US)
Prebble Seeds Ltd (New Zealand)
Organic dyes and pigments (UK)
Cistronics Technovations Pvt Ltd (India)
This report segments the seed market based on additives, crop type, process, active ingredients, and region. In terms of insights, this research report focuses on various levels of analyses competitive landscape, end-use analysis, and company profiles which together comprise and discuss the basic views on the emerging & high-growth segments of the seeds industry, the high-growth regions, countries, government initiatives, market disruption, drivers, restraints, opportunities, and challenges.
Reasons To buy this report:
- To get a comprehensive overview of the global seed coating market
- To gain wide ranging information pertaining to the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights of the major countries/regions, in which the seed coating market is flourishing