Seed Coating Material Market

Seed Coating Material Market Outlook for 2024 to 2034

The seed coating material market is estimated to be valued at USD 2,059.0 million in 2024. The demand for the market is predicted to rise at a CAGR of 5.9% from 2024 to 2034. The global seed coating material market is anticipated to reach USD 3,639.7 million by 2034.

The demand for seed coating materials is on the rise due to the adoption of sustainable agricultural practices. Introducing attractive variants and new flower varieties is expected to drive overall demand further. The increasing consumer preference for natural food products influences the global market for seed coating materials.

The enhancement of farming practices, through the means of technology as well as resources, is a typical concern for governments and environmental organizations all over the world. The demand for seed coating materials is enhanced by the flourishing of the farming sector, being in significant demand due to the aid they provide in the growth of crops.

Seed Coating Material Market Trend Analysis

• Demand for sustainable seed coating materials is developing at a steady rate due to the growing popularity of sustainable and organic farming practices.
• Advancements in seed coating technologies, such as precision coating methods, make sure the demand in the industry remains fresh.
• Seed coating demand is accelerated due to the growing population of the world demanding more food, leading to growth in agricultural practices.

Attributes	Key Insights
Seed Coating Material Market Estimated Size in 2024	USD 2,059.0 million
Projected Market Value in 2034	USD 3,639.7 million
Value-based CAGR from 2024 to 2034	5.9%

2019 to 2023 Seed Coating Material Market Outlook Compared to 2024 to 2034 Forecast

Increased investment in agriculture, from both private and public sources, informs the growth of the industry. Other significant sources for growth are advancements in machinery employed for agriculture and the rising popularity of genetically modified (GM) seeds, such as tallow tree seeds.

In agriculture-dominant nations, there is a growing emphasis on materials that help in the boosting of crop output and enhance crop quality. Thus, the market is in for more development in countries where the rural population is high.

Historical CAGR from 2019 to 2023	5.6%
Forecast CAGR from 2024 to 2034	5.9%

Seed Coating Material Market Growth Drivers

• Farmers are getting more knowledgeable, whether through self-study or farmer learning programs, and getting to know the benefits of the materials for things like disease resistance and improving seed quality.
• Climate change and unpredictable weather patterns have necessitated the use of seed coating materials.
• The adoption of precision agriculture practices, which involve the precise application of inputs, including seed treatments, is a key driver.
• The global market for seed coating materials is experiencing growth driven by the uptake of advanced seed technology, innovative farming practices to increase crop yield, and a growing preference for low-risk investments in the agricultural sector.

Seed Coating Material Market Key Challenges

• Not all farmers are willing to pay up the hefty price for the product.
• Different seed types and sizes pose different challenges, leading to difficulty in achieving uniform coating all over.
• Investors have to always stay up-to-date regarding the various regulations for seed treatment.
• Seed coatings that are not sustainable or risk-free to the ecosystem are being looked at with derision.
• While knowledge is growing, there is still a significant subset of farmers who are not aware of the product and its myriad benefits.

Country-wise Analysis

The following table shows the top five countries by revenue, led by Brazil and India. Brazil is a major player due to the country showing preference for adopting technologies like precision farming and modern seed treatments. Similar progress is being envisioned in India.

Countries	Forecast CAGRs from 2024 to 2034
The United States	3.6%
Germany	4.7%
China	4.3%
Brazil	6.4%
India	5.8%

Rising Awareness in The United States Regarding The Utilization of Bio-Based Seed Coating Materials.

The United States seed coating materials market is poised to exhibit a CAGR of 3.6% through 2034. The United States stands as the leading market for seed coatings in North America, benefitting from favorable policies, such as the requirement for treated seeds to be colored, and the increasing demand for enhanced yields.

Factors driving the demand for seed coating materials in the nation include the expansion of farm sizes, shorter crop rotations, and a heightened awareness of bio-based seed coating products.

Despite the prevalent use of chemical components like antibiotics and copper compounds in most coatings, there is a growing significance of biologically-based coatings. Bio-based coatings are gaining prominence due to their adherence to organic farming practices.

Increasing Demand for Crop Protection Goods to Boost Market Growth in China

Over the projected period, the Chinese market is poised to grow at a CAGR of 4.3%. China’s mammoth population plants the seeds for growth. The heightened population leads to increased demand for food, which benefits both the farming and the seed coating material sector.

Food security is a key concern in China. As such, the adoption of crop protection goods and technologies in China is high, leading to greater demand for seed coating materials.

Increasing Sustainable Agricultural Practises in Germany to Drive Market Growth

The seed coating material market in Germany is anticipated to flourish at a CAGR of 4.7% during the forecast period

Germany has been foremost in the adoption of precision agriculture practices. The adoption of these practices is giving more scope to the product in the country.

The emphasis on sustainable agricultural practices in Germany is conducive to the growth of the product in the country. German farmers are also getting knowledgeable about seed coating technologies at a faster rate.

The Expansion of Agricultural Activities pushing Demand in Brazil

Brazil’s position as a key player in the global production of crops like soybeans and crops positions it well as a leader in the seed coating material market. The Brazil seed coating materials market is poised to exhibit a CAGR of 6.4% through 2034.

The adoption of advanced agricultural technologies, including precision farming and modern seed treatments, use of bio-based coatings could contribute to the growth of the seed coating material market in Brazil. Brazilian farmers are also getting more knowledgeable about advanced farming practices, moving from outdated practices.

The Supportive Government Initiatives to Drive Market Growth in India

The seed coating material market in India is expected to thrive at a CAGR of 5.8% through 2034. Seed coating materials are being adopted in India for the express purpose of enhancing the performance of crop yields.

Educational campaigns in India have driven the demand for the product. These educational campaigns have made farmers more cognizant of the need to ensure crop quality as well as aid in sustainability.

Category-wise Insights

The below section shows the leading segment product type and crop type. The cereals and grains segment is forecast to have a 25.1% share in 2024. Based on the product type, the polymer segment is anticipated to hold a dominant share through 2034. It is set to exhibit a 55% share in 2024.

Category	Market share
Cereals and Grains	25.1%
Polymers	55%

Cereal and Grains to Exhibits the Most Substantial Utilization of Seed Coating Materials

The surge in demand for cereals and grains in daily diets is propelling the consumption of seed coating. The global market for seed coating materials is categorized into oilseeds and pulses, fruits and vegetables, flowers and ornamentals, cereals, and grains, along with other crops. In 2024, the cereals and grains segment is in line to account for a significant 25.1% of the market share.

Cereal and grain demand is reaching critical levels worldwide as the population surges and food demand becomes ever more significant. A by-product of this demand is the increased preference being shown for seed coating materials in cereals and grains.

Polymer Type Exhibits the Highest Popularity Consistently Across Different Regions

Polymers are in line to account for a notable 55% of the market share when it comes to the product type. Seed coating polymers are popular as they provide benefits like low viscosity, while their water-based nature is also a notable driver.

The widespread popularity of polymer gels and their superabsorbent version propels the demand for seed-based polymers. The benefits they provide include prolonging the shelf life of seeds and reducing dust during coating. The agricultural sector is also leaning steadily towards the use of polymeric materials, further boosting the profile of seed-coating polymers.

Competitive Landscape

Asia and Latin America are significant targets for market players. However, all-around growth is also desired by several manufacturers, encompassing both developing and developed countries.

• In February 2022, Croda International Plc collaborated with Xampla, with the latter being a company associated with Cambridge University. The collaboration aims to introduce innovative farming technologies that lead to greater crop yield while also adhering to sustainability guidelines.
• Company profile- Incotec Group is a major player in providing seed enhancement technologies. The capabilities of the company include providing seed coating, pelleting, and ensuring better plant establishment.

Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 2,059.0 million
Projected Market Valuation in 2034	USD 3,639.7 million
Value-based CAGR 2024 to 2034	5.9%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD billion
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa
Key Market Segments Covered	Product Type, Crop Type, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	Bayer CropScience AG; BASF SE; Clariant International; Croda International; Incotec Group; Chromatech Incorporated; Germains Seed Technology; Brett Young; Keystone Aniline Corporation; Precision Laboratories; Mahendra Overseas

Seed Coating Material Market - Key Segments

By Product Type:

• Polymers
• Pellets
• Colorants
• Minerals/Pumice
• Other Types

By Crop Type:

• Cereals and Grains
• Vegetables
• Oilseeds & Pulses
• Flowers & Ornamentals
• Other Crop Types

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa

Frequently Asked Questions

What is the expected worth of the seed coating material market in 2024?

As of 2024, the market for seed coating material is expected to be valued at USD 2,059.0 million, as per FMI.

According to FMI, what is the anticipated market value for seed coating material in 2034?

By 2034, the market value of seed coating material is expected to reach USD 3,639.7 million.

What is the projected forecast CAGR for the seed coating material market from 2024 to 2034?

From 2024 to 2034, seed coating material is expected to flourish at a CAGR of 5.9%

Based on product type, which segment dominates the seed coating material market?

The polymers segment is expected to account for a market share of 55% in 2024.

Which country is likely to be at the pinnacle of the market?

Brazil is likely the top-performing market, with a CAGR of 6.4%.