North America Seed Coating Materials Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The North America Seed Coating Material market is segmented By Ingredients into (Binders, Lubricants, Fertilizers, and Adjuvants), By Application into (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Other Crops) in the Countries such as United States, Canada, and Mexico.

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North America Seed Coating Materials Market Size

Market Overview
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR 8.40 %

Major Players

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*Disclaimer: Major Players sorted in no particular order
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North America Seed Coating Materials Market Analysis

The North America Seed Coating Materials market is projected to grow at a CAGR of 7.4% during the forecast period 2020-2025. In 2019, North America is the largest geographic segment of the market that accounted for a share of around 40.7% of the overall seed coating market. Seed coating enhances seed performance by the addition of chemicals to protect the seed from pathogens. Seed coating materials market in the country is driven by factors such as seed technology development, low-risk investment, and adoption of advanced farming technologies that necessitates the use of seed coating. 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.

North America Seed Coating Materials Market Trends

This section covers the major market trends shaping the North America Seed Coating Materials Market according to our research experts:

Adoption Of New Seed Technologies (GM & Hybrid)

Genetically modified (GM) and hybrid seeds denote a significant step forward in the production of agricultural crops. The adoption of new seed technologies, such as genetically modified seeds and hybrid seeds, has an acute impact on the seed coating ingredients market. According to the International Service for the acquisition of agri-biotech applications, the United States witnessed the highest area cultivated under GM crops and hybrids globally. Over the years, the acreage of genetically modified crops in the United States recorded a growth of 5.8% from 70.9 million hectares in 2015 to 75 million hectares in 2017. According to the International Service for The Acquisition of Agri-biotech Applications, the total acreage of genetically modified crops in Canada was valued at 13.1 million hectares, which was 11 million hectares in 2015. Thus, the advantages of genetically modified crops over conventional seeds have made the growers incorporate more of GM seeds. These factors are leading the seed producers to cater to the seed coating ingredients market. Henceforth, these advantages and the increasing adoption of GM seeds in the North American market are likely to accelerate the seed coating ingredient sales during the forecast period.

North America Seed Coating Material Market, Acreage under GME crops, United States & Canada, 2016-2017

Innovative Seed Coating Formulation Technique

The North American market has explored several innovative seed coating technologies to make the coated seeds environmentally sustainable and efficient in the field. These developments have overcome some of the challenges and have been able to cater to the seed coating material and coated seeds to the North American seed market. Micro Emulsion Gel Technique, Controlled Release of Seed Coating Formulation Technique, and Nanogel based seed coating formulation technique are some of the innovative methods developed to address the issues raised in the seed coating process. These seed coating formulation techniques can further reduce the toxicity of the coating materials, which in turn, makes the manufacturers obey strict government regulations. Therefore, these innovative techniques make the seed coating manufacturers and coated seed manufacturers find a way to persist in the market., This factor is driving the growth of the market.

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North America Seed Coating Materials Industry Overview

The North America seed coating material market is getting into a highly consolidated market, and this trend is likely to continue even in the future. The market is dominated by a few top players like Bayers CropScience, BASF SE, Croda International, and so on, holding a major market share. The United States is likely to become a seed coating industry giant, as the companies focus mainly on the developed markets. The companies are mainly focusing on merging with each other to capture a larger market share. In 2018, Clariant has been able to emerge with a larger market share as compared to other big players like BASF because of its acquisition of Incotec.

North America Seed Coating Materials Market Leaders

  1. Bayers Cropscience AG

  2. BASF SE

  3. Clariant International

  4. Croda International

  5. ORCO

*Disclaimer: Major Players sorted in no particular order

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North America Seed Coating Materials Market Report - 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 Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Ingredient

      1. 5.1.1 Binders

      2. 5.1.2 Fertilizer

      3. 5.1.3 Adjuvants

      4. 5.1.4 Seed Planting Lubricants

    2. 5.2 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 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    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

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

North America Seed Coating Materials Industry Segmentation

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, the 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. The North America Seed Coating Material market is segmented By Ingredients into (Binders, Lubricants, Fertilizers, and Adjuvants), By Application into (Grains & Cereals, Pulses & Oilseeds, Fruits & Vegetables, and Other Crops) in the regions like United States, Canada, and Mexico.

By Ingredient
Binders
Fertilizer
Adjuvants
Seed Planting Lubricants
Application
Grain and Cereal Seed Coating Materials
Oilseed Seed Coating Materials
Fruit & Vegetable Seed Coating Materilas
Other Crop Seed Coating Materials
Geography
United States
Canada
Mexico
Rest of North America

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North America Seed Coating Materials Market Research FAQs

The North America Seed Coating Materials Market is projected to register a CAGR of 8.4% during the forecast period (2023-2028).

Bayers Cropscience AG, BASF SE, Clariant International, Croda International and ORCO are the major companies operating in the North America Seed Coating Materials Market.

North America Seed Coating Materials Industry Report

Statistics for the 2023 North America Seed Coating Materials market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Seed Coating Materials analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

North America Seed Coating Materials Report Snapshots

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