
The Seed Coating Market is projected to grow at a CAGR of 8.5% from USD 1.8 billion in 2019 to reach a projected value of USD 3.0 billion by 2025. The quality, appearance, and nutritive value of seeds are the key factors contributing to the growth of the seed coating market. Seed coatings offer help to raise the commercial value of seeds by enhancing their appearance, improved handling, flowability through planters, and making them more productive. Hence, seed coatings are projected to offer business opportunities for manufacturers in the next five years. Due to these factors, many multinational players are focusing on producing various types of seed coating products.
Key drivers for Seed coating market include:
- Enhancement and benefits derived from seed technologies to encourage the adoption of seed coated products.
- Seed coatings would support agricultural productivity on marginal lands
- Increase in the seed replacement rate to drive the adoption of commercialized seeds
Restraints impeding the market include:
- Uncertainty in climate conditions to impact the seed coating market
- Low yield of crops in under-irrigated areas to impact the seed coating market
Seed coatings are used in almost all the crop segments. Their application rates vary from crop to crop. Seed coatings are predominantly applied in cereals & grains followed by oilseeds & pulses. Vegetables, and Flowers & ornamentals are also becoming an important segment where the seed coatings are applied for effective handling. The leading crop segments are ranked below by their application
Leading crop application segments for seed coating include:
- Cereal & grains
- Oilseeds & pulses
- Vegetables
- Flowers & ornamentals
Seed coating comprise of various additives. Some of the key additives which are used in seed coatings are enlisted below.
Top additives used in seed coating:
- Polymer
- Pellets
- Colorants
- Minerals/ pumice
- Active ingredients
Top players in seed coatings market include:
BASF (Germany), Bayer AG (Germany), Clariant AG (Switzerland), Croda International Plc (Switzerland), Sensient Technologies (US), DSM-Amulix (Netherland), Brett Young Seeds Ltd (US), Milken Chemicals (US), Precision Laboratories (US), Germain Seed Technology Inc. (UK), CR Minerals (US), Globachem (Belgium), Universal coating systems (US), Centor Oceania (Australia), Chromatech Incorporated (US), Michelman, Inc (US), Smith Seed Service (US), Prebble Seeds Ltd (New Zealand), Organic dyes and pigments (UK), and Cistronics Technovations Pvt Ltd (India)