IMARC Group, a leading market research company, has recently releases report titled “Seed Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global seed coating market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the seed coating market?
|Market Size in 2022||US$ 2.4 Billion|
|Market Forecast in 2028||US$ 3.8 Billion|
|Growth rate (2023 to 2028)||CAGR of 8.2%|
|Base Year of the Analysis||2022|
What is seed coating?
Seed coating is a process that involves the application of a protective layer of material to a seed. It protects from pests, pathogens, and environmental conditions. It is made from various materials, such as waxes, polymers, minerals, and chemicals. It can be applied to seeds before or after planting and can be either temporary or permanent. It covers seeds with crop protection elements, including insecticides, fungicides, and other non-chemical and biological agents. At present, seed coating finds extensive applications in the agriculture sector across the globe to increase crop yields, protect seeds from adverse environmental conditions, and contributes to the sustainability of agricultural practices.
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What are the growth prospects and trends in the seed coating?
The global seed coating market is primarily driven by declining rates of the arable land area due to the rising incidences of seed diseases and changing environmental conditions leading to decreased crop yields. Moreover, the increasing awareness among farmers about the benefits of seed coating is positively influencing the market growth. Additionally, the surging adoption of precision agriculture techniques, which involve measuring, monitoring, and controlling crop production, has catalyzed market growth. Furthermore, the rising use of seed coatings owing to the increasing imbalance between demand and supply for agricultural products as it improves the performance and germination of the seed is contributing to the market growth. Other factors, including significant expansion in the agriculture industry, rapid industrialization, and continuous technological advancements, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Additive Type Insights:
- Active Ingredients
- Film Coating
Crop Type Insights:
- Cereals and Grains
- Fruits and Vegetables
- Flowers and Ornamentals
- Oilseeds and Pulses
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- BASF SE
- Brett-Young Seeds Limited
- Centor Oceania
- Chromatech Incorporated
- Innovations Pvt. Ltd.
- Croda International plc
- Germains Seed Technology
- Precision Laboratories LLC
- Sensient Colors LLC (Sensient Technologies Corporation)
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