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Seed Coating Material Market - Segmented by Ingredient, by Application, Geography- Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4663696
  • Report
  • October 2018
  • Region: Global
  • 132 pages
  • Mordor Intelligence
until Jun 30th 2020
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The Global Seed Coating Material Market was valued at USD 1,624.5 million in 2017 and is expected to register a CAGR of 10.9% during the forecast period (2018 - 2023). The United States and certain European countries, are likely to become seed coating industry giants, as the companies focus mainly on these markets. The companies are mainly focusing on merging with each other to capture a larger market share.

Growing demand for seed treatment, brand differentiation, and high adoption of hybrid seeds are the major factors providing scope for the growth of the market. Rapid advancements in seed coating technologies is providing opportunities for the growth of the seed colorant market. Many acquisitions are happening in the seed colorant industry, with BASF acquiring Becker Underwood, a global market leader in seed enhancement technologies, and Milliken Chemicals acquiring Keystone Aniline Corporation.

The Major Growing Segment by Ingredient – Polymer

Polymers have the largest market share in the seed coating material market, accounting for 44.1% of the global market share. Use of polymers helps in providing sufficient oxygen to plants. By region, North America accounts for the largest market share followed by Europe and South America. The seed coating material market is relatively underdeveloped in Asia-Pacific countries, such as India and other countries. Growing awareness among farmers is the major factor for the high growth rates in the market. Among polymers, organic polymers account for a very minor portion of the market, as the market is dominated by synthetic polymers.

Use of Modern Farming Technologies in Developed Countries

With increasing disposable income, living standards, and growing awareness, the use of the modern technologies is increasing. The farmers in developing nations are sowing larger areas of fields, with increasing speed, using sowing machines. Use of sowing machines mixes up the seeds and results in planting two or more seeds in a single place, resulting in wastage. Use of seed coating helps seeds from sticking together. Additionally, seed coating with the right amount of binders ensures that the active ingredient stays on seeds ,and also helps in reducing dust emission. Seed coatings keep active ingredients and other inputs on the seed; and therefore, maximize the productivity of the seed and seedling active ingredients. Government of many countries have also invested in agricultural infrastructure, which helps in the usage of modern farming technologies.

Disposal of Coating Material

Many hazardous chemicals are used in coating of seeds, which leads to environmental concerns. Use of advanced technologies are required for the proper disposal of chemicals. Lack of proper awareness among the farming community, especially in the Asia-Pacific region, is causing damage to the environment and to the farms. Use of proper mechanisms are necessary for minimizing the environmental effects. Farmers are becoming conscious about the negative effects of seed coatings, which is restraining the market. There are stringent regulations in major countries in the world for the proper disposal of products. Increasing demand for organic products is also restraining the growth of the market. Many new technologies and bio-based products are being developed to overcome this challenge.

Key Developments of Global Seed Coating Material Market
  • Dec 2016 - Polymers and polymer colorants dominated the seed coating materials market of India in financial year 2016.
  • Dec 2016 – The research effort of industry is focussed on protective treatments, seed bulking, and embellishment for marketing purposes.
Major Players: Bayer CropScience, BASF, Incotec Group, Chromatech Incorporated , Germains Seed Technology, Brett Young, Clariant International, Keystone Aniline Corporation, Precision Laboratories,Mahendra Overseas, list not exhaustive.

Companies Covered

Bayer CropScience, BASF, Incotec Group, Chromatech Incorporated , Germains Seed Technology, Brett Young, Clariant International, Keystone Aniline Corporation, Precision Laboratories,Mahendra Overseas, list not exhaustive.

Report Offerings

Global Seed Coating Material market offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023.

Reasons to Purchase the Report
  • To have an understanding of the fastest growing countries in the seed coating material and growth trends during the forecast period
  • The report outlines drives, restraints, and trends that are currently effecting the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The report covers in-detail insights about the competitors’ overview and company share analysis
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report

This report can be customized to meet your requirements. Please connect with our Customer Service team, who will ensure you to get a report that suits your needs.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study

2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Market Segmentation
2.3 Study Assumptions
2.4 Research Methodology
2.5 Research Phases

3. Market Dynamics
3.1 Drivers
3.1.1 Adoption of new seed technologies (GM and hybird)
3.1.2 Use of modern farming technologies in Developing countries
3.1.3 Increasing demand for enhancing seed performance
3.2 Restraints
3.2.1 Disposal of Coating Materials
3.2.2 Strict Government Regulations

4. Market Segmentation
4.1 By Ingredients
4.1.1 Polymers
4.1.2 Colorants
4.1.3 Binders
4.2 By Application
4.2.1 Crop-based Grains and Cereals Oil Seeds Fruits and Vegetables
4.2.2 Non-crop-based Turf and Ornamental Others
4.3 By Geography
4.3.1 North America United States Canada Mexico Others
4.3.2 Europe Spain United Kingdom France Germany Russia Italy Others
4.3.3 Asia-Pacific India China Japan Australia Others
4.3.4 South America Brazil Argentina Others
4.3.5 Africa South Africa Others

5. Competitive Landscape
5.1 Most Adopted Strategies
5.2 Most Active Companies
5.3 Market Share Analysis

6. Company Profiles
6.1 Bayer Crop Science
6.2 BASF
6.3 Incotec Group
6.4 Chromatec Incorporated
6.5 Germains Seed Technology
6.6 Brett Young
6.7 Clariant International Ltd.
6.8 Croda International PLC
6.9 Precision Laboratories
6.10 Mahendra Overseas

7. Future Outlook of the Market

8. Appendix
Note: Product cover images may vary from those shown
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