Seed Coating Material Market - Growth, Trends, and Forecast (2020 - 2025)

The Global seed coating material market is segmented by ingredients (polymer, colorant, binder), by application (Grain & Cereal, Oilseed, Fruits & Vegetables and others) and geography.

Market Snapshot

Study Period:

2015-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

10.9 %

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Market Overview

The Global Seed Coating Material Market was valued at USD 1,785 million in 2018 and is expected to register a CAGR of 10.9% during the forecast period (2019-2024). In 2018, North America is the largest geographic segment of the market studied and accounted for a share of around 40.7% of the overall market.

Artificial coating of seeds helps in improving handling, the delivery of protectants, symbiotic microorganisms, soil adjuvants, germination promoters, growth regulators, and colors. With increasing investments in agriculture, the use of modern technologies and the awareness among the farmers about the use of genetically modified seeds and hybrid seeds are increasing. These are significant reasons for a thriving market for seed coating materials. However, stringent regulations with respect to the seed coating act as a restraint to the market.

Scope of the Report

An increasing need for customized formulations, accurate and safe application, the industry focus on developing protective treatments are the major trends perceived in the seed coating industry. Adoption of new seed technologies (GM and hybrid) seeds, use of modern farming technologies in the developing regions, and increasing demand for enhancing seed performance are the major factors driving the seed coating material market.

By Ingredient
Polymers
Colorants
Binders
By Application
Grain and Cereal Seed Coating Materials
Oilseed Seed Coating Materials
Fruit & Vegetable Seed Coating Materilas
Other Crop Seed Coating Materials
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Key Market Trends

Increasing Demand For Enhancing Seed Performance

The global per capita land and arable land area are witnessing a falling trend over the years, leading to a huge gap in demand and supply. To reduce the demand and the supply gaps in agricultural products, the yield of the crops should be increased. Seed diseases and volatile environment are few major challenges faced by the farmers that decrease the crop yield. Therefore, this boosts the demand for seed coatings as coating the seed with pesticides, fertilizers, plant growth regulators, and others, help in accelerating seed performance and germination.

Case Study: A field trial was conducted by the Wuhan University of Technology, China in order to test the effect of seed coating on the yields. The results of the fields trails were that the yields of the crops increased by 9.5% as compared to seeds that were not coated, with the experiment being conducted in similar conditions and the use of coated seeds reduced the costs by around 18.7%.

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North America Dominates the Global Market

North America has the largest market for seed coating, accounting for 40.7% of the global market share in 2018. The North American market demand is led by countries, such as the United States, Canada and Mexico. The United States is the largest market for seed coatings in North America, due to supportive regulations like the compulsory colouring of treated seeds coupled with growing demand for yield. Owing to increasing awareness among the farmers regarding the benefits of seed coating materials, North America registered the highest market share for seed colourant and polymers used in the seed coatings during 2018 and they are likely to dominate the market in 2024.

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Competitive Landscape

The global seed coating material market is getting into a highly consolidated, and this trend is likely to continue even in the future. The market is dominated by a few top players holding major market share. The United States and certain European countries are likely to become seed coating industry giants, as the companies are highly focusing on merging with each other, in order to capture a larger market share.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat from Substitute Products

      5. 4.3.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Ingredient

      1. 5.1.1 Polymers

      2. 5.1.2 Colorants

      3. 5.1.3 Binders

    2. 5.2 By Application

      1. 5.2.1 Grain and Cereal Seed Coating Materials

      2. 5.2.2 Oilseed Seed Coating Materials

      3. 5.2.3 Fruit & Vegetable Seed Coating Materilas

      4. 5.2.4 Other Crop Seed Coating Materials

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bayer CropScience AG

      2. 6.3.2 BASF SE

      3. 6.3.3 Clariant International

      4. 6.3.4 Croda International

      5. 6.3.5 Incotec Group

      6. 6.3.6 Chromatech Incorporated

      7. 6.3.7 Germains Seed Technology

      8. 6.3.8 Brett Young

      9. 6.3.9 Keystone Aniline Corporation

      10. 6.3.10 Precision Laboratories

      11. 6.3.11 Mahendra Overseas

      12. 6.3.12 German Seeds Technology

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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