The seed coating market is estimated to be valued at USD 2.4 billion in 2022. It is projected to reach USD 3.6 billion by 2027, recording a CAGR of 8.4% during the forecast period. Increasing demand for agricultural output, protection from pests and diseases, ease of handling and flowability, and farmers’ quality consciousness have all contributed to the growth of the seed coating business. The increasing demand for food in the growing population has put farmers under significant pressure to boost farm yields, making seed coatings more widely used.
Asia Pacific region is witnessing the highest growth rate in the seed coating market
The Asia Pacific region has significant growth in the food and feed processing industries, where the cultivation of industrial crops, such as rice, wheat, soybean, and corn, is gaining considerable traction. Favorable climatic conditions, government initiatives, awareness campaigns by seed manufacturers, the growth of the agricultural input market, the demand for high-quality seeds, and the availability of farm subsidies are the key factors contributing to the development the seed coating market in Asia Pacific region. The rising demand for grains, vegetables, and oilseeds from food processing, feed, and biofuel industries has encouraged farmers to adopt the crop cultivation pattern.
North America dominated the seed coating market and is projected to grow with a CAGR of 8.7% during the forecast period (2022 – 2027)
The key players in the North American seed coating market include Sensient Technologies (U.S.), Precision Laboratories (U.S.), Brett Young Seeds Ltd (U.S.), and Chromatech Incorporated (U.S.). The demand for high-yielding and disease-resistant crops from domestic markets and export destinations are some of the critical drivers of the seed coating market in the region. In North America, agriculture is heavily mechanized with an integrated system supporting agribusinesses. Especially in the U.S. and Canada, most farmers and ranchers have adopted technology, although few groups continue to use animal power for cultivation purposes.
The major players involved in the seed coating market include BASF SE (Germany), Solvay S.A. (Belgium), Clariant AG (Switzerland), Croda International plc (U.K.), DSM (Netherlands), Sensient Technologies (U.S.), and Germain Seed Technology Inc. (U.K.)
