Seed Coating Market Analysis By Additive Type, Crop Type, Active Ingredient and Region
The global seed coating market is estimated to be valued at USD 1.8 billion and is projected to reach USD 3.0 billion by 2025, recording a CAGR of 8.5% during the forecast period. Due to the increasing demand for high-value crops, rising incidences of pests and diseases, ease of handling, flowability, limited availability of arable land, and growing population, the demand for seed coatings is projected to remain high during the forecast period.
By additive type, the polymer segment is projected to be the fastest-growing segment in the market during the forecast period.
Among the additive types of seed coating, such as polymers, colorants, pellets, minerals/pumice, active ingredients, and others, the polymer segment accounted for the largest market share, followed by the pellets and colorants segments. Polymers are used on a large scale due to their functional qualities of improving the nutritive value of seeds and enhancing their appearance.
By crop type, the cereals & grains segment is projected to dominate the market during the forecast period.
Depending upon the crop types, the global market is projected to remain dominated by the cereals & grains segment, followed by the oilseeds & pulses, vegetables, and flowers & ornamentals segments. The cereals & grains segment is also projected to be the fastest-growing crop type in the global market. The trend of using coated seeds is rising on a large scale in regions that witness extensive production and cultivation of cereals, grains, oilseeds & pulses, and vegetables. This has contributed to the growth of the market for the mentioned crop types.
By active ingredients, the protectants segment is projected to dominate the market during the forecast period.
The active ingredients segment includes protectants, which is projected to record significant growth in the market. The increasing incidence of soilborne pests and diseases is one of the key factors that is projected to drive the growth of the market.
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