The seed coating market size is on a trajectory of significant expansion, with an estimated value projected to reach USD 3.1 billion by 2028 from the 2023 valuation of USD 2.0 billion, displaying a promising Compound Annual Growth Rate (CAGR) of 8.5%. The surge in growth within the seed coating market is largely driven by the continuous introduction of innovative technologies and formulations designed to improve seed quality, boost crop performance, and enhance sustainability in agriculture.
Key advancements, such as precision coating technologies, controlled-release coatings, bio-polymer-based coatings, and nanocoatings, are propelling market progress. Precision coating technologies, for example, allow for the exact and uniform application of active ingredients, ensuring seeds receive optimal treatment doses while minimizing environmental impact. These technologies are crucial for the effective application of fungicides, insecticides, and nutrients, enhancing their efficacy and reducing environmental consequences. Alongside these technological developments, there's a growing focus on creating innovative formulations that combine various active ingredients to produce synergistic effects. These specialized formulations are tailored to address specific pests or diseases, reflecting a shift towards more targeted solutions in the agricultural sector.
Seed Coating Market Drivers: Amplifying Agricultural Productivity with Seed Coating on Marginal Lands
Seed coating is crucial for boosting agricultural productivity, particularly on marginal lands that are unsuitable for traditional farming due to poor soil quality, salinity, drought, or pest problems. These coatings provide essential protection and nutrients to help seeds germinate and flourish in challenging conditions. As industrialization and urbanization reduce available agricultural land, innovative solutions like seed coatings become increasingly important for optimizing cultivation and improving yields, which directly benefits farmers' incomes.
A key development in this field came from a 2019 MIT study, which highlighted the effectiveness of seed coatings made with silk and nitrogen-fixing bacteria in enhancing crop yields in saline soils. The silk coating protects seeds from harmful salt ions, while the bacteria supply a natural source of nitrogen. The study found that coated seeds had higher germination rates and better plant health compared to uncoated seeds. Specifically, 88% of coated seeds sprouted in non-salty soil, compared to 62% of uncoated seeds. In saline conditions, 71% of coated seeds sprouted versus 45% of uncoated seeds. Additionally, within two weeks, coated seeds showed impressive growth with longer stems and roots and increased branching, indicating a promising path for sustainable farming on challenging lands. This progress is driving growth in the global seed coating market.
These advancements in seed coating technology highlight its potential to transform agricultural practices and support farmers facing limited arable land. By addressing challenges on marginal lands and enhancing crop growth and yields, seed coatings offer a significant step forward in agriculture and hold promise for improving global food security amid shrinking arable areas due to urbanization and industrial expansion.
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Liquid Seed Coating Segment Expected to Lead Growth with Highest Projected CAGR in the Upcoming Forecast Period.
Liquid seed coatings find application across a diverse spectrum of seeds, including but not limited to corn, soybeans, wheat, rice, various vegetables, and a myriad of flowers. Their significance in modern agriculture cannot be overstated, as they serve as indispensable tools for farmers and growers alike, contributing to the enhancement of seed quality, amplified crop yields, and cost reduction.
In this context, Croda International Plc stands out with its pioneering FS formulations, a category of seed treatment that is rapidly gaining traction in the market. These formulations are garnering increased attention due to their concentrated nature, water-based composition, and the enhanced safety they offer during application in comparison to other alternatives. FS formulations are crafted through the modification of suspension concentrates (SC) by incorporating supplementary additives that facilitate the binding of the active ingredient to the seed surface. Furthermore, the inclusion of colorants in these formulations serves as a clear indicator that the seed has undergone treatment, adding to their overall appeal and user-friendliness.
China is one of the Largest Growing Region for Seed Coating Market Growth in Asia Pacific
China has emerged as the leading force in seed coating within the Asia Pacific region, driven by the growing adoption of this technology among its farmers. This shift is largely due to Chinese farmers increasingly turning to seed coating to improve crop quality, enhance yields, and reduce dependency on pesticides. The technique provides a protective barrier, shielding seeds from pests, diseases, and weeds while also boosting germination rates and seedling strength.
Importantly, the Chinese government is playing a proactive role in promoting seed coating technology to boost agricultural productivity and reduce pesticide use. In 2021, the Ministry of Agriculture and Rural Affairs (MARA) released a policy document that strongly supports the seed coating industry. This policy includes significant plans to increase investment in research and development, expand subsidies for seed coating products, and encourage widespread adoption of this technology among farmers, marking a key governmental endorsement of this transformative agricultural practice.
The key players in this market include BASF SE (Germany), Solvay (Belgium), Croda International Plc (UK), CLARIANT (Switzerland), DSM (Netherlands), Sensient Colors LLC (US), BrettYoung (Canada), Milliken (US), Precision Laboratories, LLC (US), and Germains Seed Technology (UK).
BASF SE
BASF SE is a company that specializes in chemical manufacturing, featuring six distinctive segments in its portfolio: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and care, and Agriculture Solutions. The company provides solutions for a wide range of industries, including agriculture, automotive & transportation, chemicals, coating solutions, construction, electronics & electric, energy & resources, furniture & wood, home care, industrial & institutional cleaning, nutrition, packing & print, and pharmaceuticals, among others. BASF's seed coating segment is part of its Agricultural Solutions division. This segment offers a wide range of seed treatment solutions, including chemical and biological protection products, as well as inoculants. BASF's seed coating products are designed to help farmers protect their seeds from pests and diseases, improve germination and seedling vigor, and increase yields. In December 2021, BASF SE launched a new seed coating polymer, Flo Rite Pro 2805, that improves the adhesion and retention of active ingredients, while also improving seed flowability and compatibility with other seed treatments. This new polymer will replace Flo Rite 1706 in North America and is expected to offer soybean, dry bean, and pea growers higher yields.
Solvay
Solvay is the world's leading producer of specialty polymers, essential chemicals, and high-performance materials. Solvay's products are used in a wide range of industries, including aerospace, automotive, construction, consumer goods, electronics, healthcare, and mining. Solvay is committed to developing a sustainable portfolio of seed coatings. They are currently working on reformulating their Peridiam products to be microplastic-free. The Peridiam portfolio offers a variety of seed-coating solutions tailored to different crops, climates, growing conditions, and market needs. Each product is designed to improve adhesion, provide better seed coverage, and ensure that all active compounds stay on the seed, resulting in strong, healthy plants and an enhanced crop yield. In July 2021, Solvay acquired Bayer's global seed coatings business, including facilities in France, the U.S., and Brazil. The business is a leader in seed coating and seed enhancement products, and Solvay will remain a strategic partner for Bayer's seed activities. The acquisition is part of Solvay's strategy to strengthen its range of sustainable, bio-based solutions for agricultural customers.
Seed Coating Industry News:
In June 2023, Precision Laboratories, LLC is expanding strategically by providing specialized chemistries for the agricultural industry in the merger of Seed Tech and Direct Enterprises (DEI) to distribute value-added products for seed producers and conditioners. Precision Laboratories, LLC’s proprietary seed enhancement and seed treatment technologies include water management chemistries, nano-particle nutrient products, seed coating polymers, and seed colorants, many of which are formulated in combinations for ease of customer use. The collaboration enables Precision Laboratories, LLC to introduce its seed product portfolio swiftly and effectively to the market through DEI's distribution network.
In February 2022, Croda International Plc collaborated with Xampla, a company backed by Cambridge University, to collaborate on the development of next-generation, biodegradable seed coatings that are free from microplastics. This collaboration is supported by the UK government and the National Institute of Agricultural Botany and involves a £640,000 project trial focused on Xampla's plastic-free seed coatings. These coatings aim to provide sustainable and biodegradable alternatives to the petroleum-derived polymers traditionally used for seed coatings in agriculture.
In January 2022, GreenLight Biosciences and Germains Seed Technology have joined forces to form a research partnership agreement. This collaboration introduces the world's first commercial use of RNA (Ribonucleic Acid) as a seed treatment, with the primary goal of controlling crop diseases and offering innovative solutions to farmers. The collaboration will involve an exploration of the synergistic potential between Germains Seed Technology expertise in seed priming and coating technologies and GreenLight Biosciences proficiency in dsRNA technology.
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