Seed Coating Materials Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Seed Coating Materials Market is segmented By Additives (Colorants, Polymers, Pellet Binder, Others), By Coating Type (Bio-based Coating, Synthetic Coating), By Crops (Grains & Cereals, Oil Crops & Pulses, Fruits & Vegetables, Turf & Ornamental, Others), By Process (Film Coating, Encrusting, Pelleting) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Global Seed Coating Materials Market reached US$ 1.9 billion in 2023 and is expected to reach US$ 3.2 billion by 2031, growing with a CAGR of 6.7% during the forecast period 2024-2031. 

Seed coating materials are applied to seeds to enhance their performance and safeguard them during the initial growth phase. The coatings improve germination rates, increase resistance to diseases and deliver essential nutrients. The seed coating material market is expanding as it aims to improve seed performance and protection using specialized coatings.

The coatings, available in chemical, biological and polymer forms, perform diverse functions including pest control, nutrient delivery and environmental protection. The market is advancing due to technological innovations and the rising demand for greater agricultural productivity. Advancements in coating materials, emphasizing sustainability and efficiency, are shaping the industry's future. 

North America dominates the global seed coating material market through its rapid modernization and technological advancements. The region's 167% rise in renewable energy adoption over the past decade highlights its commitment to sustainability and efficiency. Coupled with the growing use of seed coatings to optimize performance and yield, North America’s focus on reducing waste and enhancing production secures its leading role in the global market.

Market Scope

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Market Dynamics

Rising Need For Enhanced Agricultural Productivity

As the global population is projected to increase by over 2.3 billion by 2050, especially in developing nations and urban areas, there is an urgent need for more efficient agricultural practices to meet the rising demand for food. The need for enhanced agricultural productivity became essential. Seed coatings are important in improving seed germination, promoting healthier seedling growth and protecting against pests and diseases. 

Seed coatings ensure more robust plant development and higher yields by incorporating nutrients, growth regulators and protective agents. They also help seeds withstand environmental stresses, reduce the need for additional inputs and contribute to more sustainable farming practices. The choice and composition of seed materials in seed coatings are crucial for ensuring that coatings perform their intended functions effectively, driving market growth.

Developments In The Seed Coating Materials Market

Recent advancements are driving the global seed coating materials market by addressing the dual goals of enhancing crop yields and environmental sustainability. Innovations like microbe-inoculated coatings and polysaccharide-based solutions improve seed growth and reduce reliance on synthetic chemicals. Nanofibrous and nanomaterials-based coatings offer advanced technology for controlled nutrient release and better seed protection. 

Hydrogel coatings enhance moisture retention and support growth in varying climates, while biomass-derived treatments promote sustainability through waste recycling. These developments cater to the growing demand for efficient, eco-friendly agricultural solutions, thus propelling market growth and meeting both productivity and environmental goals.

High Costs of Seed Coating Materials

The high costs associated with production and application restrain the market expansion. The expenses related to raw materials, advanced technology and the application process can add to a higher cost end of the process that is burdensome for smaller players in the market, potentially limiting their ability to compete and grow. Additionally, economic downturns and fluctuations impact agricultural investment, leading farmers and agricultural companies to reduce spending on seed coatings. 

Market Segment Analysis

The global seed coating materials market is segmented based on additives, coating type, crops, process and region.

Affordability and Ease of Application of Film Coating

The global seed coating materials market is segmented based on process into film coating, encrusting and pelleting. The film coating segment dominated the market. Film coating leads the global seed coating materials market due to its versatility, cost-effectiveness and performance-enhancing benefits. This method applies to a wide variety of seed types and conditions, offering a thin, even layer that can be customized with growth-promoting substances, nutrients or pesticides.

The film coating functions without significantly altering the size and shape of the seed. Its cost-efficiency makes it an attractive option for both large-scale and smaller agricultural operations. Additionally, film coating enhances seed handling, reduces damage during planting and provides protection against diseases and pests, improving overall seed germination and growth and enhancing segment growth.

Market Geographical Share

High Agricultural Productivity and Technological Advancements in North America

North America, particularly US, demonstrates dominance in the global seed coating market through its significant agricultural productivity and technological advancements. With family farms and ranches accounting for 90% of total agricultural production value and a notable increase in farm productivity, such as a more than 360% rise in corn yield since 1950—the region showcases its efficiency and scale in farming. 

The emphasis on high output and efficiency translates into a strong demand for advanced agricultural technologies, including seed coatings, which enhance crop performance and protection. Additionally, the US exports US$ 174.9 billion worth of agricultural products annually, underscoring the importance of maintaining quality and consistency, in areas where seed coatings play a critical role.

Market Competitive Landscape

The major global players in the market include BASF SE, Clariant International, Chromatech Incorporated, Incotec Group, German Seeds Technology, BrettYoung, Azelis Holding S.A., Michelman, Inc., Imerys S.A. and Solvay.

Russia-Ukraine War Impact

The Russia-Ukraine war has significantly affected the global seed coating materials market by disrupting supply chains and driving up costs due to shortages of essential raw materials from the region. Higher transportation and production costs are being transferred throughout the supply chain, impacting pricing and adoption. The conflict has also altered trade routes and logistics, influencing companies to find alternative sources and adjust their strategies.

AI Impact

AI is revolutionizing the global seed coating market by enhancing product development and efficiency. AI is driving innovation in the seed coating material market by improving efficiency, precision and customization. All these ultimately support better agricultural outcomes. It allows for precise formulation, reducing costs and improving effectiveness. 

By Additive

• Polymers 
  • Polymer Gels
  • Superabsorbent 
• Colorants
• Pellet Binders 
• Others

By Coating Type

• Bio-based Coating 
• Synthetic Coating

By Crops

• Grains & Cereals
• Oil Crops & Pulses
• Fruits & Vegetables
• Turf & Ornamental 
• Others

By Process

• Film Coating
• Encrusting
• Pelleting

By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In February 2024, Milliken do Brasil has launched Milli Solum and Milli Fusion seed coating polymers in Brazil, certified by Syngenta's Seedcare Institute, offering greater flexibility for seed treatment customization.
• In May 2022, Syngenta Seedcare has launched VICTRATO®, a new seed treatment using TYMIRIUM technology to protect crops from nematodes and soil-borne diseases. Safe for beneficial insects and soil health, it supports no-tillage practices and aims to mitigate significant yield losses.
• In December 2021, BASF launched its new Flo Rite Pro 2805 seed coating polymer that boosts seed treatment effectiveness by enhancing ingredient adhesion and retention, while also supporting environmental and worker safety.

Why Purchase the Report?

• To visualize the global seed coating materials market segmentation based on additive, coating type, crops, process and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel spreadsheet containing a comprehensive dataset of the seed coating materials market, covering all levels of segmentation.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global seed coating materials market report would provide approximately 70 tables, 64 figures and 253 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies