Redding, California, Jan. 24, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Seed Coating Market by Type (Polymers, Colorants, Minerals/Pumice), Active Ingredients Type (Protectants, Nutrients, Phytoactive Promoters), Crop Type (Cereals and Grains, Oilseeds and Pulses, Vegetables, Flowers and Ornamentals) - Global Forecast to 2030,’ the seed coating market is expected to reach $6.13 billion by 2030, at a CAGR of 9.6% during the forecast period 2023–2030.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5421
Seed coating is the practice of covering seeds with external material to improve handling, prevent diseases, and enhance germination. The coating includes pesticides, biological agents, and colorants. Polymer coating reduces dust-off losses. The exogenous material is applied on the surface of the natural seed coat. Seed coating technology does not hamper the genetic makeup of seeds. In seed coating, a special binder is used with an agrochemical formulation to enhance adherence to the seed. Binders, natural or synthetic polymers such as methylcellulose, carboxymethyl cellulose, gum arabic or polysaccharide Pelgel are added during the coating process to bind the exogenous materials and reduce the amount of dust in the end product. Some adhesives, such as gum arabic and xanthan gum, can also be used to extend the survival of plant beneficial microbes (PBM) applied to seeds. The selection of the proper type and concentration of binder and ingredient is prominent for seed germination, plant development, and viability of the microbial inoculant when applied through microbial treatment. It applies to most crops, such as maize, sunflower, soybean, and canola.
The Impact of COVID-19 on the Seed Coating Market
The COVID-19 pandemic adversely affected the global economy. The lockdowns and quarantines imposed to curb the spread of the SARS-CoV-2 virus negatively impacted many sectors, including the agricultural sector. In the initial days of the pandemic, disrupted logistics and transportation impacted the movement of agricultural commodities. Thus, the seed coating market registered a decline in sales in the first quarter of 2020.
The effects of the COVID-19 pandemic on this market were first felt in China at the beginning of 2020, as the country is one of the world's largest raw material suppliers for the agricultural crop protection industry. Most European and North American agricultural chemical and biological seed companies import key active ingredients used in seed coating, mainly from China and other Asian countries. The low availability of raw materials created a scarcity of products in high-growth markets, such as the U.S., Brazil, Spain, and Italy. In addition, according to the Program Manager at the OECD, seed companies headquartered in the Asia Pacific region were more negatively affected than their counterparts in other regions.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5421
Therefore, disruptions in the transportation & logistics industry and impacted production in some countries adversely affected the global seed coating market in terms of sales volumes in the initial phase of the outbreak in 2020.
Subsequently, the transport barriers were lifted up by government bodies, making it easy to meet the demand from farmers in many countries. There was minimal impact on the movement of agrochemicals.
In 2021, strong growth in the global seed treatment industry was witnessed due to the growing need for higher crop yields such as corn, cotton, and soybeans. Therefore, major companies such as Bayer AG (Germany) and BASF (Germany) resumed their production operations to ensure the smooth supply of their products to dealers and distributors. In addition, commodity prices were higher in 2022, encouraging the growers to invest in products that help them increase yields and profitability.
The global seed coating market is segmented by material type (polymers {polymer gels and superabsorbent polymer gels}, colorants, minerals/pumice, and other material types), active ingredients type (protectants, nutrients, phytoactive promoters, and other active ingredients), and crop type (cereals & grains {corn, wheat, and other cereals & grains}, oilseeds & pulses, vegetables, flowers and ornamentals, and other crop types). The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on material type, in 2023, the polymer segment is expected to account for the largest share of the seed coating market. The large market share of this segment is attributed to the growing demand for polymers in seed coating due to their capability to enhance the seed germination process and provide protection against pests, diseases, drought and adverse soil conditions. The high acceptance of seed-coating polymers is attributed to their low viscosity and water-based nature that promote speedier seed germination. Seed-coating polymers keep seeds damp/moist, provide an unwavering temperature, and suppress seeding stress from drying field conditions.
Based on active ingredients type, in 2023, the protectants segment is expected to account for the largest share of the seed coating market. The large market share of this segment is primarily attributed to the rising incidence of soilborne pests and diseases and the need for a safe and controlled application of plant protectants. Seed coating is an effective carrier of plant protectants such as pesticides, and it provides several benefits such as precise placement of protectants on the target, comparatively minimum toxicant requirements, minimum impact on the environment, and least possible exposure to wildlife and beneficial organisms.
Quick Buy – Seed Coating Market- Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/15589122
Based on crop type, in 2023, the cereals & grains segment is expected to account for the largest share of the seed coating market. The large market share of this segment is attributed to the increasing demand for cereals & grains due to rapid population growth, the need to lower the loss of cereals & grains due to pests and diseases, and the increasing use of cereals & grains in animal feed, biofuel, and starch & ethanol production.
Based on geography, in 2023, North America is expected to account for the largest share of the seed coating market. This region’s large market share is primarily attributed to the rising demand for high-yielding and disease-tolerant crops from domestic markets and export destinations. Moreover, factors such as an organized distribution chain for crop protection chemicals, the increasing awareness about sustainable crop production techniques to lessen the environmental impact of high residue, and the presence of a large number of key stakeholders in the region are further supporting the growth of this market.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the seed coating market are BASF SE (Germany), Bayer AG (Germany), Chromatech Incorporated (Netherlands), Cistronics Innovations Pvt. Ltd. (India), Clariant International Ltd. (Switzerland), Croda International Plc. (U.K), Germains Seed Technology (U.S.), Milliken & Company (U.S.), and Precision Laboratories, LLC (U.S.), among others.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/seed-coating-market-5421
Scope of the Report:
Seed Coating Market, by Material Type
- Polymers
- Polymer Gels
- Superabsorbent Polymer Gels
- Colorants
- Minerals/Pumice
- Other Material Types
Seed Coating Market, by Active Ingredient Type
- Protectants
- Nutrients
- Phytoactive promoters
- Other Active ingredients
Seed Coating Market, by Crop Type
- Cereals & Grains
- Corn
- Wheat
- Other Cereals & Grains
- Oilseeds & Pulses
- Vegetables
- Flowers and Ornamentals
- Other Crop Types
Seed Coating Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- Spain
- France
- U.K.
- Russia
- Rest of Europe (RoE)
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America (RoLATM)
- Middle East & Africa
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5421
Related reports:
Seed Treatment Market by Type (Chemical, Biological), Formulation (Liquid, Dry), Application Technique (Seed Coating, Seed Dressing), Crop Type (Cereals & Grains, Oilseeds), Function (Seed Protection, Seed Enhancement) - Global Forecast to 2029
https://www.meticulousresearch.com/product/seed-treatment-market-5075
Seed Treatment Machine Market (Coating and Drying) by Type (Drum Coaters, Rotary Drum Dryers, Fluidized Bed Dryers, Rotostat Coaters, Others), Crop Type (Cereals & Grains, Oilseeds, Pulses, Fruits & Vegetables, Other Crops) - Global Forecast to 2029
https://www.meticulousresearch.com/product/seed-treatment-machine-coating-and-drying-market-5334
Biological Seed Treatment Market by Type (Microbial {Bacteria}, Biochemical), Formulation (Liquid Formulation), Application Techniques (Seed Coating), Crop Type (Cereals & Grains {Corn, Wheat}, Oilseeds {Cotton}), and Geography - Global Forecast to 2029
https://www.meticulousresearch.com/product/biological-seed-treatment-market-5338
Biofertilizers Market by Microorganism Type (Nitrogen-fixing Microbes {Rhizobia Bacteria}, Phosphate Solubilizing Microbes), Crop Type (Cereals & Grains, Oilseeds & Pulses), Mode of Application (Seed Treatment, Fertigation), Form – Global Forecast to 2029
https://www.meticulousresearch.com/product/biofertilizers-market-5409
Agricultural Biologicals Market By Product Type (Biopesticides, Biostimulants, Biofertilizers) Source (Microbial, Biochemical), Formulation (Liquid), Mode of Application (Seed Treatment), Crop Type (Fruits & Vegetables), and Geography - Global Forecast to 2029
https://www.meticulousresearch.com/product/agricultural-biologicals-market-5314
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/649/seed-coating-market-2030
