Growing Demand for Agricultural Products to Drive the Global Seed Coating Materials Market | Future Growth Report.

Global Seed Coating Materials Market Overview

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, 2020-2030

Seed coating is a method of protecting seeds from pest infestations by coating them with crop protection chemicals such as insecticides, fungicides, and insecticides, as well as other non-chemical/biological agents. Apart from active compounds/chemicals, the key materials utilized in the seed coating process are binders, seed planting lubricants, seed applied nutrients, and adjuvants. While most coatings contain chemicals such as copper compounds and antibiotics, the importance of biologically based coatings is growing. Biological coverings are becoming more selective, preserving the soil microbiome, and allowing organic activities to continue.

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Market Dynamics

The use of synthetic compounds to protect seeds from infections is the most common way to improve seed performance. Seed coating compounds are becoming more popular among seed manufacturers as a means of producing high-quality seeds. Additionally, rising demand for agricultural products among a growing population, as well as the need to supply those wants, is seen as a major driver of market expansion. The related benefits, such as pesticide resistance and disease resistance, have led to widespread use of coated seeds among farmers.

One of the primary factors driving the increase in demand for coated seeds is the adoption of modern farming methods. Coated seeds outperform uncoated seeds in terms of performance, resulting in rising demand in the worldwide agriculture market. Because of these factors, the worldwide seed coating materials market is likely to grow at a rapid pace throughout the forecast period. Because of essential agronomic qualities such as controlled germination, herbicide tolerance, pest and disease resistance, and insect resistance, crops generated from coated seeds are primarily favourable for primary producers. Farmers have showed a strong preference for coated seeds made of polymers and other coating materials, owing to increased awareness of the advantages of utilising coated seeds. Seed coating materials are becoming more popular in the seed sector as a result of the numerous benefits they provide, which is expected to drive the worldwide seed coating materials market.

However, market growth is being hampered by the implementation of severe government rules governing coated seeds, particularly in Europe. Market players are facing a number of obstacles to their growth, including a lack of awareness among developing-country farmers about the benefits of coated seeds, as well as increased commercialization and acceptance of genetically modified seeds. To address these issues, market participants are focusing their R&D efforts on the development of natural and organic seed coating materials. In order to compete in such a competitive industry, seed coating material makers are focusing on expansion, mergers and acquisitions, and collaborations.

Market Segmentation

The global seed coating materials market has been segmented based on type, crop type, and region. By type, the global seed coating materials market has been classified as polymers, colorants, binders, and others. By crop type, the global seed coating materials market has been classified as cereals & grains, pulses & oilseeds, fruits & vegetables, and others.

Regional Overview

In 2018, North America dominated the worldwide seed coating materials market, and this trend is likely to continue during the forecast period. The dominance of the region can be linked to farmers' great understanding of the benefits of seed coating materials. Furthermore, the presence of numerous major market players in the United States is stimulating regional market growth. Because of supportive legislation such as the mandatory coloration of treated seeds, as well as increased demand for yield, the United States is the largest market for seed coatings in North America. The need for seed coating materials in the country is being driven by factors such as increasing farm size and reduced crop rotation, as well as increased awareness of bio goods. Corn is one of the most important crops farmed in the United States, and seed coating is employed on a big percentage of seeds used in the country, and this percentage is increasing.

The seed coating materials market in Asia-Pacific, on the other hand, is predicted to grow at the fastest rate due to increased investment by major companies in the region. China, India, and Japan are the most important country-level markets in Asia-Pacific, contributing to the market's growth.

Competitive Dynamics

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 market.

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