Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Seed Coating Market by Form, Additives (Polymers, Colorants, Minerals/Pumice, Active ingredients, Binders), Process (Film coating, Encrusting, Pelleting), Crops (Cereals & grains, Oilseed & pulses, Vegetables) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive research report reveals a significant expansion trajectory in the global seed coating market, forecasting an ascent from USD 2.0 billion in 2023 to USD 3.1 billion by 2028. This surge is characterized by a robust Compounded Annual Growth Rate (CAGR) of 8.5% within the forecast period.
A careful dissection of inducements propelling market growth indicates a pronounced acceleration in demand for high-quality seeds, cognizance around the merits of seed treatments, and escalating investments focused on research and innovation in this field.
Dominant segments and regional insights
- A discernible uptick is noted for the polymer gels subset within Additives, poised to chart the swiftest growth due to its effectiveness in nutrient and active ingredient management, fostering breakthroughs in controlled release mechanisms and seed protection enhancements.
- Colorants fiercely maintain their standing as a crucial component within the additive sector, playing an integral role in visual appeal, seed variety differentiation, and treatment indication, marking their imprint on the evolving agricultural canvas.
- A geographical analysis underscores the burgeoning market growth within the Asia Pacific region, signaling a transition towards precision agriculture and a surge in demand for varied seed colors.
Key Market Influencers and Challenges
Market Drivers:
- Seed coating represents a significant stride towards sustainable agriculture, aiming to boost productivity, particularly on marginal lands.
- The technology's capability to furnish seeds with a competitive edge in germination and resilience is propelling its wide-scale adoption.
- The escalation in seed replacement rates induces greater utilization of commercial seeds, invigorating market progression.
Market Challenges:
- Climatic uncertainties pose a formidable challenge, exerting pressure on the performance and reliability of seed coatings.
- The seed coating efficacy in under-irrigated regions remains another area of concern, potentially dampening crop yields.
Market Opportunities and Innovations:
The report spotlights the emergence of biodegradable seed coatings as a pivotal innovation that harmonizes with the mounting emphasis on environmental sustainability, poised to influence future market trajectories.
With a meticulous market breakdown, the document provides stakeholders with an expansive viewpoint, enabling informed decision-making and strategic positioning. Moreover, the examination of emerging trends and foreseeable opportunities equips market participants with crucial foresight to navigate this dynamic landscape.
This insightful report is a compelling resource that encapsulates the essence of the seed coating industry's current state and future possibilities, encompassing a diverse spectrum, from technological advancements to sector-specific challenges. In a market earmarked by relentless evolution and escalating demands, stakeholders have at their behest a blueprint that delineates pathways to innovation, growth strategies, and competitive benchmarking.
The study elucidates the contemporary market pulse, delivering a comprehensive array of data on the various market forces, guiding stakeholders through the intricacies of the seed coating domain.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $2 Billion |
| Forecasted Market Value (USD) by 2028 | $3.1 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
Companies Mentioned
- BASF SE
- Brettyoung
- Centor Oceania
- Chromatech Incorporated
- Cistronics Innovations Pvt. Ltd.
- Clariant
- Cr Minerals Company, LLC
- Croda International PLC
- DSM
- Germains Seed Technology
- Globachem
- Michelman, Inc.
- Milliken
- Organic Dyes and Pigments
- Prebbles Turf World
- Precision Laboratories, LLC
- Sensient Colors LLC
- Smith Seed Services
- Solvay
- Universal Coating Systems
For more information about this report visit https://www.researchandmarkets.com/r/x82klq
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