As per the current market research conducted by the CMI Team, the global Seed Coating Market size is expected to record a CAGR of 6.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 2,246.6 Million. By 2033, the valuation is anticipated to reach USD 3,860.4 Million.
Seed Coating Market: Growth Factors and Dynamics
- Demand for Enhanced Seed Performance: Increasing demand for high-quality seeds with improved germination rates, pest resistance, and yield potential is driving the growth of the seed coating market. Seed coatings provide a means to enhance seed performance by incorporating various additives, such as nutrients, pesticides, and biological agents, thereby boosting crop productivity.
- Rising Adoption of Precision Agriculture: The growing adoption of precision agriculture practices, coupled with advancements in seed coating technologies, is fueling market growth. Seed coatings enable precise application of inputs, such as fertilizers and pesticides, at the seed level, optimizing resource utilization, minimizing environmental impact, and improving crop yields.
- Focus on Sustainable Agriculture: Increasing awareness about sustainable agriculture practices and environmental concerns is driving demand for seed coatings derived from eco-friendly and biodegradable materials. Manufacturers are developing sustainable seed coating formulations that minimize chemical usage, reduce soil and water pollution, and enhance soil health, aligning with consumer preferences and regulatory requirements.
- Expansion of Seed Treatment Services: The expanding seed treatment services market, driven by the need for comprehensive crop protection solutions, is contributing to the growth of the seed coating market. Seed coating companies are offering customized seed treatment services that address specific crop protection needs, disease pressures, and environmental conditions, driving market expansion and customer satisfaction.
Get Free Sample Copy @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=49862
Seed Coating Market: Partnership and Acquisitions
- In 2021, Precision Laboratories, LLC extended its PRISM line with PRISM SCP2020, a seed coating polymer providing optimized coverage, seed flow, and enhanced plantability. This innovative product minimizes dust-off, retains active ingredients, and improves seed performance, offering significant benefits to the agriculture industry.
- In 2022, GreenLight Biosciences and Germains Seed Technology form a research partnership to utilize RNA as a seed treatment, aiming to control crop diseases and provide innovative solutions to farmers. The collaboration explores synergies between Germains’ seed expertise and GreenLight’s dsRNA technology.
Seed Coating Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Seed Coating Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chains: The COVID-19 pandemic disrupted global supply chains, affecting the availability of raw materials and delaying manufacturing processes for seed coatings. This led to supply shortages and production delays, impacting the seed coating market’s growth.
- Reduced Farming Activities: Restrictions imposed during the pandemic, such as lockdowns and social distancing measures, led to reduced farming activities and delayed planting seasons in some regions. This resulted in decreased demand for seeds and seed treatments, including seed coatings, affecting market growth.
- Resumption of Agricultural Activities: With the easing of pandemic restrictions and the gradual reopening of economies, agricultural activities, including planting and crop cultivation, are expected to resume, driving demand for seeds and seed treatments, including seed coatings.
- Focus on Food Security: The COVID-19 pandemic highlighted the importance of food security and self-sufficiency, leading to increased government support and investment in agriculture. This renewed focus on food security is expected to stimulate demand for high-quality seeds and seed coatings to improve crop productivity and resilience.
List of the prominent players in the Seed Coating Market
- Bayer CropScience AG
- BASF SE
- Syngenta Group
- Corteva Agriscience
- Incotec Group B.V.
- Croda International Plc
- Germains Seed Technology
- BrettYoung Seeds Limited
- Centor Group
- Precision Laboratories LLC
- Advanta Seeds Pty Ltd
- Cropper Brothers Ltd
- Keystone Aniline Corporation
- Clariant International Ltd
- Advanced Biological Marketing Inc.
- Others
Table of Contents: https://www.custommarketinsights.com/report/seed-coating-market/#table-of-contents
Read More@
About Us:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us:
USA Corporate Office
CMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061
Email : support@custommarketinsights.com
Website : https://www.custommarketinsights.com/