Global Seed Coating Materials Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The seed coating materials market has undergone significant growth, rising from <$2.19 billion in 2023 to <$2.42 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 10.5%. This historical growth is attributed to a growing emphasis on biodegradable seed coatings, increasing demand for plant-based food products, and a rise in mergers and acquisitions. Moving forward, the market is expected to experience continued growth, reaching <$3.57 billion by 2028, with a CAGR of 10.2%. This anticipated expansion is driven by increasing population growth, the implementation of sustainable agricultural practices, and the rapid expansion of the agriculture sector. Significant trends in the forecast period include the development of more efficient coating polymers, a focus on organic coatings, innovations in seed coating materials, research and development of biodegradable options, efforts to eliminate microplastics in seed coatings, and the launch of new products to strengthen market positions.
The seed coating materials market is projected to grow due to the increasing demand for plant-based food items. The rising popularity of fruits, vegetables, nuts, seeds, oils, whole grains, legumes, and beans has heightened the need for agricultural products. Seed coating materials play a critical role in pest control, enhancing crop yield, managing plant growth, and improving the quality of agricultural output. According to data from SPINS, the US Plant-Based Foods Association, and the Good Food Institute, plant-based food sales in the US reached $7.4 billion in 2021, reflecting a 6% increase from 2020. This growing preference for plant-based foods is a key driver for the seed coating materials market, with market size values in 2023, 2024, and 2028 being crucial for tracking its growth.
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What Are The Key Trends That Influence Seed Coating Materials Market Share Analysis?
Advancements in seed coating materials are a key trend gaining traction. Companies are developing more effective coating materials to enhance seed performance. For instance, in December 2021, BASF, a German chemicals company, introduced Flo Rite Pro 2805, a next-generation seed coating polymer. This advanced polymer improves the adhesion and retention of active ingredients, offering better performance for soybean, dry bean, and pea growers by enhancing seed flow and optimizing plant yields.
Which Market Players Are Driving Growth In The Seed Coating Materials Market?
Major companies operating in the market are BASF SE, Syngenta, Solvay S.A., Croda International Plc, Milliken and Company, Germains Seed Technology, Brett-Young Seeds Ltd., Precision Laboratories Inc., Seed Coating Polymers, JK Agri-Genetics Ltd, Kalash Private ltd, Limagrain, Maharashtra Hybrid Seeds Company Pvt. Ltd., Bejo Seeds, Fairbanks Seeds, Seminis, Beijing Namo Tech.-Trade Co. Ltd., Linong Vegetable Seeds, Leadhood Seed Co.Ltd, Guangzhou Lead You Seed Co. Ltd, KWS SAAT SE & Co. KGaA, Rijk Zwaan, AGROPLAZMA LLC, Agri-Saaten, Riverford Organic Farms, Azelis, Maribo, S.C. InterAgro S.A., Bayer CropScience AG, Clariant International, Earth’s Own Food Company Inc, Daiya Foods, Incotec Group, Chromatech Incorporated, Germains Seed Technology, Brett Young, Keystone Aniline Corporation, Precision Laboratories, Sensient Technologies, Tecnoseeds, GlobeNatural, De Alimentos, Adm Do Brasil Ltda, Koita FZE, At Al Islami Foods, Soy Africa Limited
How Is The Global Seed Coating Materials Market Segmented?
The seed coating materials market covered in this report is segmented –
1) By Coating Type: Bio-Based Coating, Synthetic Coating
2) By Process: Cereals And Grains, Fruits And Vegetables, Flowers And Ornamentals, Oilseeds And Pulses, Other Crop Types
3) By Crop Type: Superparamagnetic, Ferrimagnetic
4) By Material Type: Polymers, Colorants, Pellets, Minerals/Pumice, Active Ingredients, Binders, Other Material Types
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The Seed Coating Materials Global Market Report 2024 provides an overview of the seed coating materialsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The seed coating materials market forecast analyzes seed coating materials market size, seed coating materials market share, leading competitor and their market positions.
The Table Of Content For The Seed Coating Materials Market Include
1. Seed Coating Materials Market Executive Summary
2. Seed Coating Materials Market Segments
3. Seed Coating Materials Market Size And Template Market Growth Rate
4. Key Seed Coating Materials Market Trends
5. Major Seed Coating Materials Market Drivers
……
25. Key Mergers And Acquisitions In The Seed Coating Materials Market
26. Top Seed Coating Materials Companies
27. Seed Coating Materials Market Opportunities And Strategies
28. Seed Coating Materials Market, Conclusions And Recommendations
29. Appendix
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