The Seed Coating Materials Global Market Report 2023 by The Business Research Company, provides seed coating materials market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Seed Coating Materials Global Market Report 2023, the market size grew from $1.99 billion in 2022 to $2.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global seed coating materials is expected to grow to $3.09 billion in 2027 at a CAGR of 9.2.
The rapid growth of agriculture and allied sectors is contributing to the growth of the seed coating materials market. Seed coating is the application of external materials to the seed surface for the purpose of improving seed performance in the agriculture industry.
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The seed coating materials market is segmented:
1) By Coating Type: Bio-based Coating, Synthetic Coating
2) By Material Type: Polymers, Colorants, Pellets, Minerals/Pumice, Active Ingredients
3) By Crop Type: Cereals and Grains; Fruits and Vegetables; Flowers and Ornamentals; Oilseeds and Pulses; Other Crop Types
4) By Process: Film Coating, Encrusting, Pelleting
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 seed coating materials market report table of contents includes:
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
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26. Company Profiles
27. Key Mergers And Acquisitions
28. Global Seed Coating Materials Market Opportunities And Strategies
29.Seed Coating Materials Market, Conclusions And Recommendations
30.Appendix
Top Major Players:
- Bayer CropScience AG
- BASF SE
- Clariant International
- Croda International
- Incotec Group
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