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Seed Coating Materials Market Size, Share, Trends Analysis, Growth And Forecasts(2024 - 2033)

03-13-2024 07:00 AM CET | Chemicals & Materials

Press release from: The Business research company

Seed Coating Materials Market

Seed Coating Materials Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Seed Coating Materials Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The seed coating materials market size has grown rapidly in recent years. It will grow from $2.19 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increasing focus on biodegradable seed coatings, increasing demand for plant-based food items, and increasing mergers and acquisitions.

The seed coating materials market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing population growth, increasing implementation of sustainable agricultural practices, and rapid growth of agriculture sector. Major trends in the forecast period include companies should consider developing better and efficient coating polymers to improve their product portfolio, focus on organic coating materials, developing innovations in seed coating materials, research and development of biodegradable, focus on micro plastic-free seed coatings, and launching innovative products to strengthen their position in the market.

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Market Segmentation:
The seed coating materials market covered in this report is segmented -
1) By Coating Type: Bio-Based Coating, Synthetic Coating
2) By Process: Cereals And Grains, Fruits And Vegetables, Flowers And Ornamentals, Oilseeds And Pulses, Other Crop Types
3) By Crop Type: Superparamagnetic, Ferrimagnetic
4) By Material Type: Polymers, Colorants, Pellets, Minerals/Pumice, Active Ingredients, Binders, Other Material Types

Major Driver - Plant-Based Food Surge Fuels Expansion In Seed Coating Materials Market
Increasing demand for plant-based food items will drive the growth of the seed coating materials market during the historic period. Plant-based foods include not only fruits and vegetables, but also nuts, seeds, oils, whole grains, legumes, and beans. The increase in the number of people consuming plant-based foods has created the demand for agricultural products, therefore effective seed coating materials are employed to control pests, increase crop yield, control plant growth, and enhance the quality of agricultural output. For instance, according to data from a US-based provider of data and insights for the natural, organic and specialty products industry, SPINS, the US Plant-Based Foods Association, and the Good Food Institute, a US-based nonprofit organization, plant-based food sales increased to $7.4 billion in 2021, an increase of 6% from 2020. Therefore, the increasing demand for plant-based food items propels the growth of the seed coating materials market.

Competitive Landscape:
Major companies operating in the seed coating materials market report are BASF SE, Syngenta, Solvay S.A., Croda International Plc, Milliken and Company, Germains Seed Technology, Brett-Young Seeds Ltd., Precision Laboratories Inc., Seed Coating Polymers, JK Agri-Genetics Ltd, Kalash Private ltd, Limagrain, Maharashtra Hybrid Seeds Company Pvt. Ltd., Bejo Seeds, Fairbanks Seeds, Seminis, Beijing Namo Tech.-Trade Co. Ltd., Linong Vegetable Seeds, Leadhood Seed Co.Ltd, Guangzhou Lead You Seed Co. Ltd, KWS SAAT SE & Co. KGaA, Rijk Zwaan, AGROPLAZMA LLC, Agri-Saaten, Riverford Organic Farms, Azelis, Maribo, S.C. InterAgro S.A., Bayer CropScience AG, Clariant International, Earth's Own Food Company Inc, Daiya Foods, Incotec Group, Chromatech Incorporated, Germains Seed Technology, Brett Young, Keystone Aniline Corporation, Precision Laboratories, Sensient Technologies, Tecnoseeds, GlobeNatural, De Alimentos, Adm Do Brasil Ltda, Koita FZE, At Al Islami Foods, Soy Africa Limited

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https://www.thebusinessresearchcompany.com/report/seed-coating-materials-global-market-report

Top Trend - Tech Advancements Revolutionize Seed Coating Materials Development
Technological advancement is a key trend gaining popularity in seed coating materials. Seed coating materials companies are focusing on developing better and more efficient coating materials for seed performance. For instance, in December 2021, the Germany-based chemicals company BASF launched a next-generation seed coating polymer, Flo Rite Pro 2805 for seed treatment, which uses 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 flow for optimizing plant populations for yields.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Seed Coating Materials Market Characteristics
3. Seed Coating Materials Market Trends And Strategies
4. Seed Coating Materials Market - Macro Economic Scenario
5. Seed Coating Materials Market Size And Growth
…..
27. Seed Coating Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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