The seed coating global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Seed Coating Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The seed coating market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to enhanced seed protection, improvement in grain quality, amplifying agricultural productivity, growth in awareness of the benefits of seed coating, and increase in farmers’ preference for seed-enhancing products.
The seed coating market size is expected to see strong growth in the next few years. It will grow to $3.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing crop yields, rising demand for high-value commercial crops, increasing demand for food production, rising demand for high-quality seeds, and increasing global food demand. Major trends in the forecast period include technological advancements, advancements in high-quality seeds, adoption of precision agriculture, and adoption of bio-based seed coating materials.
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Scope Of Seed Coating Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Seed Coating Market Overview
Market Drivers –
The increasing crop yields are expected to propel the growth of the seed coating market going forward. Increasing crop yields is attributed to advancements in agricultural technology, improved crop varieties, better soil management, efficient irrigation systems, and effective pest and disease control. Seed coating enhances crop yields by providing seeds with protective treatments, nutrients, and growth-promoting agents that improve germination, plant health, and resistance to pests and diseases, leading to stronger, more productive crops. For instance, in February 2024, according to the Department for Environment Food & Rural Affairs, a UK-based government agency, total cereal production, including wheat, barley, oats, and minor cereals (such as rye, triticale, and mixed grain), reached nearly 24.3 million tons in 2022, marking an 8% increase from 2021. Therefore, the increasing crop yields are driving the growth of the seed coating market.
Market Trends –
Major companies operating in the seed coating market are focused on developing innovative products such as biodegradable seed coatings to enhance sustainability, reduce environmental impact, and meet growing demand for eco-friendly agricultural practices. Biodegradable seed coatings refer to protective layers applied to seeds designed to naturally break down in the soil after fulfilling their purpose by minimizing environmental impact and avoiding the accumulation of synthetic residues in the ecosystem. For instance, in January 2024, Lucent Bio, a Canada-based sustainable agriculture company, launched NutriGrow, a biodegradable seed coating to enhance sustainability. It is non-toxic and plant-based, designed to improve germination and root growth while avoiding environmental harm associated with traditional coatings that may contain microplastics. NutriGrow is crafted to optimize plant nutrition, providing crops with the ideal balance of essential nutrients. This approach is vital for maximizing growth and yield while reducing waste and minimizing environmental impact.
The seed coating market covered in this report is segmented –
1) By Additive: Polymers, Colorants, Pellets, Minerals Or Pumice, Active Ingredients, Other Additives
2) By Process: Film Coating, Encrusting, Pelleting
3) By Active Ingredient: Protectants, Phytoactive Promoters, Other Active Ingredients
4) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Vegetables, Flowers And Ornamentals, Other Crop Type
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Regional Insights –
North America was the largest region in the seed coating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the seed coating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the seed coating market are BASF SE, Sumitomo Chemical Co. Ltd., Corteva Inc., Solvay S.A., Syngenta Group, Clariant AG, Milliken & Company, Croda International plc, Rotam CropSciences Ltd., Sensient Technologies Corporation, Michelman Inc., Arysta Lifescience Co. Ltd., BrettYoung, Incotec Inc., Smith Seed Services, Germains Seed Technology Inc., Precision Laboratories LLC, Organic Dyes and Pigments, Globachem NV, Chromatech Incorporated, Centor Oceania, Dynaplak Group, Cistronics Innovations Pvt. Ltd., CR Minerals Company LLC, Universal Coating Systems LLC
Table of Contents
1. Executive Summary
2. Seed Coating Market Report Structure
3. Seed Coating Market Trends And Strategies
4. Seed Coating Market – Macro Economic Scenario
5. Seed Coating Market Size And Growth
…..
27. Seed Coating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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