Seed Coating Materials Market, By Crop Type (Fruits & Vegetables, Cereals & Grains, Flowers & Ornaments, Oil Seeds, Others), By Product Type (Polymers, Colorants, Binders, Minerals/Pumice, Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Seed coating is the method of protecting seed by covering it with protective material such as polymers, binders, colorants etc. The main purpose of seed coating is to improve performance of seed and timely supply of seeds at reasonable prices. Increasing population across the globe has increased requirement for agricultural crops, which is expected to boost growth of global seed coating materials throughout the forecast period. According to the UN survey, world population was 7.442 billion in 2019 and has reached to approximately 7.576 billion in October 2020.
Market Dynamics
The increasing demand for seed coatings in advanced farming technology is projected to fuel growth of global seed coating materials market over the forecast period. North America held highest revenue share and the region is expected to maintain a dominant position in the seed coating materials market, due to high awareness of seed treatment in the region. Owing to increasing consumption and production of cereals & grain, cereals and grain segment is projected to hold a dominant position in the market. Increasing demand for polymeric seed coatings is expected to have positive impact on growth of polymer segment in the near future.
Seed coating compounds are primarily used to extend the shelf life of seeds while also increasing their appearance. Market demand for these items is being bolstered by the implementation of sustainable agricultural practices. The introduction of new kinds of flowers and attractive variants is likely to boost overall demand. Increasing demand for natural food items is also a driving force behind the global need for seed coating materials.
High-quality seed coating materials are quickly gaining traction in major crop-producing economies as a way to boost crop production while also improving crop quality and making them more commercially appealing. Rising agricultural investments, major advancements in agricultural equipment, and growing focus on the value of genetically modified seeds such as tallow tree seeds among farmers are all driving demand for seed coating materials around the world
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