Seed Coating Ingredients Market

Seed Coating Ingredients Market: Overview

• The global seed coating ingredients market value stood at ~US$ 1 Bn in 2019, finds Transparency Market Research (TMR) in a recent study. According to the report, the seed coating ingredients market is anticipated to reach ~US$ 3 Bn by 2029, at a CAGR of ~8%.
• Seed coating ingredients have various applications. Seed coating ingredients are used in various combinations across diverse applications. For instance, seed coating products are used for flowability but at the same time, they contain insecticides and pesticides. Chemicals used as insecticides and pesticides cannot increase the flowability of the seeds. For flowability, polyethylene wax could be used as an ingredient. These innovative combinations are being researched by companies and increased interest is being observed for the use of bio-based ingredients. This has increased the opportunity and consumer interest in seed coating ingredients to explore more ingredients that could fulfill the requirement of a seed coating product.
• At present, due to COVID-19, the world is facing economic crisis. Lockdown enforced across the globe is hampering the production capacity of seed coating ingredients. In the near future, world can face shortage of seed coating ingredients due to the limited production.

Seed Coating Ingredients: Market Frontrunners

• In terms of ingredient type, polymers seed coating ingredients emerged as the leading segment in 2019 and accounted for approximately 81% of the market. Furthermore, the biologicals seed coating ingredients segment accounted for 9% of the market in terms of value.
• Liquid was the leading form type segment of seed coated ingredients with market share of 57.9% in 2019 and the powder seed coating ingredients had a market share 42.1% in terms of value
•  In terms of coating type, encrust seed coating ingredients emerged as the leading segment in 2019, accounting for approximately 76% market share. Furthermore, the film segment accounted for 33% of the market in terms of value.
• Latin America leads the global seed coating ingredients market followed by North America, and Europe. The Latin America market is expected to continue leading the global seed coating ingredients market. By the end of 2029, it is expected to hold nearly ~23% of the overall market.

Seed Coating Ingredients Market: Trends

• The adoption of bio-control seed coating ingredients is increasing. The bio-based seed coating ingredients is due to the recent technological advancements. This has been adopted by the seed manufacturing companies as well as the farmers as the concern for environmental conditions has increased among the people.
• Rising demand for food is leading to the use of seed coating ingredients for protection of seeds and reduction of spoilage. With the global population set to reach 9.7 billion by 2050, the demand for food is expected to rise in the upcoming years. The rising demand for food at a global level has led agronomists to come up with a solution to save available grains and increase production at the same time. This has resulted in various new technologies and advancements in this field, such as seed treatment. People have been aware of the use of various ingredients to protect seeds from spoilage and improve their growing conditions.
• However, recent technological advancements have transformed the seed treatment process. Every company is developing a new combination of seed coating ingredients to develop a new and innovative product, and they have a complete R&D facility dedicated to it. The overall agricultural production is expected to grow in the upcoming years due to the rising demand.
• High value and industrial crops are high in demand as their use in the global market is high and its wastage is kept to minimal. Its end uses are also extensive thus rising their demand in the market. Also, the seed coatings ingredients are being mainly used for these products.

Expansion of Seed Coating Technologies to Wild Species to Increase Demand for Seed Coating Ingredients

• The use of seed coating products is seen mostly in crops, fruits, and vegetables. This is due to the high value of economic crops than that of other seeds such as seeds of turf grass, pasture, and flowers. The application of seed coatings to native species for ecological restoration has received little attention. However, it is expected that in the upcoming years, the demand for seed coating ingredients will increase. On the commercial scale, the main focus is on economical seeds, but there is a lot of research going on for the use of seed coating ingredients for wild species in academics sector.

Seed Coating Ingredients Market: Strategies

• Key players operating in the global seed coating ingredients market are focusing on acquisition, mergers, and joint venture to increase the business footprints globally as well as to strengthen the distribution channel
• Multinational companies of seed coating ingredients are focusing on acquiring small scale companies to increase their product portfolio and production capacity
• Most of the key players in the global seed coating ingredients market are multinational players that are investing highly in the research and development of seed coating ingredients and its use in the seed coatings

Target Region for Market

• In terms of value, countries in Latin America are likely to represent the largest share in the market, and are expected to remain strong in the forecast period. Major players starting their production units in South Asia as well as multiple new players are increasing in South Asia due to which South Asia is expected to grow rapidly with the CAGR ~9% during the forecast period.

Seed Coating Ingredients Market: Players

• Key players operating in seed coating ingredients market, as profiled in the study, include 
• ADAMA Agricultural Solutions
  • Bayer AG
  • United Phosphorus Ltd.
  • BASF SE
  • FMC Corporation,
  • E.I. DuPont Nemours and Company
  • Koninklijke DSM N.V.
  • Sumitomo Chemical Co. Ltd
  • FMC Corporation,