Seed Coating Materials Market - Asia-Pacific Industry Growth, Trends and Forecasts (2020 - 2025)

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Market Insights

The Asia-Pacific seed coating market is expected to grow at a CAGR of 9.5% over the forecast period. The market value for the year 2016 was reported to be USD 257.9 million. Seed coating enhances seed performance by addition of chemicals to protect the seed from pathogens. Seed coating also results in the establishment of uniform plants by creating uniformly sized seeds by coating them with several layers of materials.

Market Dynamics

As per statistics on population growth a challenge has been raised to the agriculture sector, more specifically the seed sector, to help farmers find a way to produce more with less. Along with this, the stress is in maintaining ecological balance. This has exerted pressure on farmers, especially in Asian countries, who are gradually shifting to the scientific method of farming. Catering to the demands of farmers for high-quality seed is becoming difficult for manufacturers with rising demand for seeds.

This situation has generated an opportunity for seed coating companies. The benefits of seed coating like low seeding rate and less seedling damage are leading to more manufacture of coated seeds as it is one of the simplest, safest, and most effective ways to treat any seed. The market in Asia-Pacific is driven by factors like seed technology development, innovative farming technologies, and multifunctional products. While sustainable agricultural practices will lead to higher demand for seed coatings, disposability of coating materials and environmental concerns would create obstacles for market growth.

Market Segmentation

The Asian seed coating materials market is segmented on the basis of type, application, and geography. In product type, polymer has the largest market share among coating material type and is projected to grow with the increasing demand for coated seeds in the agriculture industry. The application of coating material is more in cereals and grain seeds accounting for more than 40% of the market.

Economic growth, industrialization of the seed industry, rising farmers’ awareness are responsible for growth in the Asia-Pacific region. The regional market is led by impressive growth from major countries like China and India. Being the largest market in the region, the country’s seed coating materials demand is subjected to a CAGR of 9.8% over the forecast period.

Key Industry Players

The key players are focusing on the expansion of their business to the Asia-Pacific region. The leading players in this market adopted various strategies to strengthen their market opportunities and increase their market shares.

Major players active in the market are:

  • Bayer CropScience AG
  • Precision Laboratories LLC
  • Satec
  • Mahendra Overseas
  • Chromatech Incorporated

Key Deliverables in the Study

  • Market analysis for the Asia-Pacific seed coating materials market, with region specific assessments and competition analysis on global and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the Asia-Pacific seed coating materials market on both global and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identifying the regions which are still untapped.

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