Seed Coating Materials Market Segments, Key Drivers, Latest Trends, Share Analysis And Forecast to 2032

As per The Business Research Company's Seed Coating Materials Opportunities And Strategies Market Report 2023, the seed coating materials market size reached a value of nearly $1,822.4 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.6% since 2016. The market is expected to grow from $1,822.4 million in 2021 to $2,719.7 million in 2026 at a rate of 8.3%. The seed coating materials market size is then expected to grow at a CAGR of 7.7% from 2026 and reach $3,948.3 million in 2031.

Implementation of sustainable agricultural practices is driving the growth of the seed coating materials market during the forecast period. The sustainable agriculture practices include ensuring soil fertility and encouraging biodiversity, improving the ecological conditions and preventing pollution, consuming less non-renewable resources, supporting rural economic development, and raising people's environmental awareness and responsibility. The sustainable agricultural practices are promoting the use of bio-based seed coating materials as these use ingredients such as microbes like fungi and bacteria, as well as plant extracts and algae extracts. These can reduce the use of agrochemicals and increase plant yield, nutrition, and tolerance to biotic and abiotic stresses. For instance, in July 2022, The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) launched its four-year strategic plan, which targets on increasing agricultural sustainability rates to 66 percent and reducing the use of groundwater in agriculture by 500 million cubic meters. Thus, the implementation of sustainable agricultural practices is expected to propel the growth of the seed coating materials market.

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Increasing focus on the next generation of coating polymers is a key trend gaining popularity in the seed coating materials market. Seed coating polymers are used in the coating process that consists of the application of a thin water-permeable polymer-based coating layer onto the seed. Major companies are focusing on developing better and efficient coating polymers to improve their product portfolio. For instance, in December 2021, BASF, a Germany-based chemicals company launched a next generation seed coating polymer, Flo Rite Pro 2805 for seed treatment, which uses an advanced polymer-based technology. The new material is designed to improve the adhesion and retention of active ingredients, and would offer soybean, dry bean, and pea growers' better adhesion properties with high seed flows for optimizing plant populations for yields. It is compatible with major fungicides, insecticides, nematicides and inoculants.

The top opportunities in the seed coating materials market segmented by coating type will arise in the bio-based coating market segment, which will gain $579.1 million of global annual sales by 2026. The top opportunities in the seed coating materials market segmented by process will arise in the film coating market segment, which will gain $390.9 million of global annual sales by 2026. The top opportunities in the seed coating materials market segmented by crop type will arise in the cereals and grains market segment, which will gain $370.1 million of global annual sales by 2026. The top opportunities in the seed coating materials market segmented by material type will arise in the polymers market segment, which will gain $270.6 million of global annual sales by 2026. The top opportunities in the seed coating materials market size will gain the most in China at $236.8 million.

Seed Coating Materials Market Segmentation:
The seed coating materials market is segmented by type, by component, by function and by type of traders.
By Coating Type -
The seed coating materials market is segmented by coating type into
a) Bio-Based Coating
b) Synthetic Coating

By Process -
The seed coating materials market is segmented by process into
a) Film Coating
b) Encrusting
c) Pelleting

By Crop Type -
The seed coating materials market is segmented by crop type into
a) Cereals And Grains
b) Fruits And Vegetables
c) Flowers And Ornamentals
d) Oilseeds And Pulses
e) Other Crop Types

By Material Type -
The seed coating materials market is segmented by material type into
a) Polymers
b) Colorants
c) Pellets
d) Minerals/Pumice
e) Active Ingredients
f) Binders
g) Other Material Types

Major players in the seed coating materials market include BASF SE, Syngenta, Solvay S.A, Croda International Plc, Milliken and Company.

The regions covered in the global seed coating materials market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Seed Coating Materials Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Seed Coating Materials Market Report Table Of Content
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
6.Introduction and Market Characteristics
……
19. Company Profiles
20. Key Mergers And Acquisitions
21. Global Seed Coating Materials Market Opportunities And Strategies
22.Seed Coating Materials Market, Conclusions And Recommendations
23.Appendix

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