Market Size of Seed Coating Material Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.89 Billion |
| Market Size (2029) | USD 2.40 Billion |
| CAGR (2024 - 2029) | 8.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Seed Coating Material Market Analysis
The Seed Coating Material Market size is estimated at USD 1.89 billion in 2024, and is expected to reach USD 2.40 billion by 2029, growing at a CAGR of 8.40% during the forecast period (2024-2029).
- The drastic climate changes have affected the growing conditions adversely. This has resulted in increased demand for high-quality seeds, which can be attained through the adoption of seed coating technology. With increasing investments in agriculture and the use of modern technologies, the awareness among farmers about the use of material-coated seeds, genetically modified seeds, and hybrid seeds is increasing.
- The seed coating market has been exploring various innovative technologies to make seed coatings more sustainable and efficient in the field. One of these technologies is Micro Emulsion Gel (MEG) technology, which involves the use of a gel-based seed coating that contains micro-emulsified active ingredients. Micro-emulsion gel technology is an innovative seed coating technology that has gained popularity in recent years due to its sustainability and efficiency. This technique involves the application of a thin film of gel onto the surface of the seed, which can help to reduce the rub-off of coating materials during transportation and handling.
- The artificial coating of seeds helps improve the handling and delivery of protectants, symbiotic microorganisms, soil adjuvants, germination promoters, growth regulators, and colors. Using such coatings on seeds can potentially reduce the usage of chemical fertilizers and pesticides in agriculture. Delivering plant-beneficial microorganisms through seed coatings has been proven to achieve increased crop yields and food quality. These are some of the significant factors anticipated to drive the market.
- The untapped market potential in developing economies of the Asia-Pacific region, such as India and China, provides great opportunities for companies to expand. Despite many advantages, a few factors stop farmers from adopting coated seeds, like exorbitant prices, lack of information about the shelf life, vigor of the coated seeds after storage, etc. Furthermore, stringent regulations with respect to seed coating act as a restraint on the market.
