세계 종자 코팅 시장 규모는 2023년 19억 5,000만 달러에서 2031년 36억 3,000만 달러에 이를 것으로 예측되며, 예측기간인 2024-2031년 CAGR로 8.10%의 성장이 전망됩니다. 수년에 걸쳐 친환경 농업 기술과 작물 수율 증가에 대한 수요 증가가 시장 성장을 가져왔습니다. 음식의 안전성에 대한 관심 증가는 효율성을 향상시킨 고품질의 종자이 필요한 인구의 급증과 병행하여 진행되고 있습니다.
생분해성, 무해한 코팅 솔루션은 종자 처리 및 친환경 코팅 혁신을 위한 시장에 거액 투자를 하고 있는 시장 진출기업에 의해 연구 개발되고 있습니다. 예를 들어 2023년 11월, BIOWEG UG는 Bayer Forge와 제휴하여 기능 요구 사항을 충족하는 친환경 종자 코팅 재료를 개발했습니다. 이 제휴는 종자 코팅에 생분해성 제형 재료 및 활성 성분을 이용함으로써 농업의 생태 발자국을 최소화하기 위한 한 단계가 되었습니다.
코팅은 비싸기 때문에 소규모 농부들에게 존경받고 높은 비용은 시장에 어려움을 겪고 있습니다. 또한 환경에 미치는 영향에 대한 규제가 코팅 수용을 방해하는 요인이되었습니다. 하지만 인공 방제 물질이나 비료에 대한 의존도가 저하되는 등의 이점에 대한 인식이 높아짐으로써 이러한 문제를 상쇄할 수 있을 것으로 예측됩니다. 그 결과, 농가는 작물을 유지하기 위한 보다 나은 기술을 요구하고 있기 때문에 예측되는 수년간, 세계의 종자 코팅 시장은 일정한 성장이 예상됩니다.
이 보고서는 세계 종자 코팅 시장에 대한 조사 분석을 통해 시장 규모와 예측, 시장 역학, 주요 기업 현황 등을 제공합니다.
Global seed coating market is projected to witness a CAGR of 8.10% during the forecast period 2024-2031, growing from USD 1.95 billion in 2023 to USD 3.63 billion in 2031. Over the years, there has been growth in the market that can be attributed to the increased demand for environmentally friendly farming techniques and greater crop yields. The soaring concentration on food safety is moving alongside a booming population that requires better-quality seeds with improved efficiency.
Biodegradable and non-toxic coating solutions are being researched and developed by market players who are making huge investments in the market for seed treatment and eco-friendly coating innovations. For instance, in November 2023, BIOWEG UG collaborated with Bayer Forge to come up with ecological seed coating materials that fulfill functional requirements. The collaboration was a step towards minimizing agricultural ecological footprints by utilizing biodegradable formulation materials and active components for seed coatings.
Coatings are expensive, thus deterred by small-scale farmers and high costs, creating challenges for the market. Moreover, regulations on environmental impact are a hindrance to their acceptance. Nonetheless, it is anticipated that the increasing awareness of the advantages, such as diminished reliance on artificial pest control substances and fertilizers, can counterbalance these problems. Consequently, as farmers look for better techniques to maintain their crops, there is likely to be uniform growth in the global seed coating market in the forecast years.
Improved Crop Yield and Seed Performance Catalyzes Market Expansion
In terms of modern agriculture, seed coating is crucial in increasing crop yields and enhancing seed performance. Seed coatings increase seed germination rates, thereby allowing more seeds to develop into healthy, vigorous plants, which automatically increases the quantity produced. When applied timely enough, they allow resourceful management of crops through the prevention of crop loss as they shield seeds from pests, pathogens, and adverse environmental conditions at the early stages of their growth.
Moreover, coated seeds tend to sprout faster and more uniformly as they are able to absorb water and nutrients more effectively. Furthermore, seed coatings can be customized with specific nutrients, hormones, and stimulants that are needed for plant growth, which ultimately improves both plant quality and strength against diseases or unfavorable environmental conditions.
By reducing the requirements for replanting, enhanced seed performance increases the efficiency of seed usage, leading to increased harvests and more dependable results for farmers. Hence, an increase in production leads to food security and economic survival, especially in the areas that are experiencing fast-rising populations.
In December 2023, Inera CropScience launched a range of innovative seed coatings, Leiro. The seed coatings range is based on biocatalysts that provide support for early germination, enhance the growth of roots and shoots, and increase productivity while controlling biotic and abiotic factors.
Industrial Innovation and Sustainability Fuels Market Growth
The rise of the seed coatings market is essentially driven by industrialized innovations and sustainability. With the rising global emphasis on sustainable agriculture, more companies are focusing on developing eco-friendly and biodegradable seed coatings. In addition, due to worldwide laws on artificial chemicals and sustainability considerations, there is a need to replace seed coating with organic and non-toxic alternatives. Thus, companies have been investing in research and development so that they can develop alternative items that comply with regulations for plant health and boost the output required by farmers.
For instance, in January 2024, Nutreos, an ecologically safe seed coating that is non-toxic and biodegradable, was launched by Lucent BioSciences. This green strategy complies with the expected regulatory changes focusing on the issue of microplastic pollution caused by seed treatments, particularly in view of the imminent ban in the European Union regions.
In addition to lowering the negative impacts on the environment, these types of coatings promote less use of chemical pesticides and fertilizers, thus leading to eco-friendly agricultural practices. Simultaneously, enhancements in microencapsulation and controlled-release technologies are aiding in supplying nutrients, plant protectants, and growth enhancers at the right intervals to promote favorable crop establishment.
Colorants Significantly Contribute to the Market Growth
The seed coating sector is largely determined by the colors used in making the seed coatings. Variations in colors allow farmers to compare types of seeds at a glance when sowing, thus enhancing precision planting while minimizing mistakes. This form of color identification becomes vital when dealing with extensive agriculture where there are numerous kinds of seeds involved.
Despite serving practical purposes, colorants enhance the visual quality of coated seeds, thereby increasing their marketability among commercial seed sellers. In response to the demand for environmentally acceptable and non-toxic agricultural inputs, a number of seed coating colorants have been developed.
For instance, in May 2024, a new seed coating brand, Jin Color, was launched by Nanjing Essence Fine-Chemical Co., Ltd., integrating color technology to offer vibrant seed solutions. The product uses a self-adaptive plastic-free film-forming technology, providing a breathable outer layer to the seeds. This permits the seeds to adjust to various soil or seed settings, control the amount of moisture absorbed by the seeds after sowing, withstand drought to a certain degree, stop the leaching of useful components, and allow the film-forming material to organically decompose in the soil to safeguard the environment.
Asia-Pacific is Expected to Dominate the Market Share
As the agriculture sector grows and greater emphasis is placed on enhancing crop yields, it is predicted that the seed coating market will be largely influenced by Asia-Pacific. Agricultural activities in countries such as China, India, Australia, and Japan are increasing due to rising food needs because of population upsurge. As a result, more innovative farming technologies, such as seed coatings that encourage plant growth and improve harvests, are being used in agriculture.
Moreover, coated seeds are increasingly sought after due to the region's vast and diverse climate that brings challenges related to pests and erratic availability of nutrients. They work as safeguards while they aid in seed germination.
Climate-friendly and biodegradable seed coats have been advocated by increasing demand for organic agriculture in Asia-Pacific while awareness of sustainable farming methods has increased. In addition to this, large domestic and foreign manufacturers are enabling rapid growth of the market in the region.
In August 2023, the development of a native seed coating was initiated at Plantrite Nursery, a partnership between Curtin University and Nativ Carbon based in Perth. This type of coating has numerous advantages, including promoting large-scale reforestation and facilitating the production and increase in the size of native Western Australian plants intended for carbon farming.
Future Market Scenario (2024 - 2031F)
Due to the rising sustainability issues and stringent pollution laws, an increase in the demand for eco-friendly and non-toxic seed coatings is expected in the seed coating market.
Microencapsulation and controlled-release coatings will spur innovation by providing better seed protection and nutrient delivery.
As farmers slowly adapt to seed coatings to enhance crop production and ensure food security with increased yields, rapid growth in agriculture in emerging economies will provide new opportunities.
Key Players Landscape and Outlook
The global seed coating market is characterized by intense competition, with numerous international and regional players striving to innovate and expand their product portfolios. The market's key stakeholders are focusing on developing eco-friendly and biodegradable coatings to meet the growing demand for sustainable agricultural practices. These companies are heavily investing in research and development to develop advanced technologies that enhance seed performance and protection.
For instance, in November 2023, BASF SE launched its latest Flo Rite Pro 02 plantability polymer for seed coating. The product combines seed flow with adhesion properties, assisting in delivering the highest possible yield. Flo Rite products mix easily with any BASF SE Color Coat product and are compatible with most fungicides, insecticides, and nematicides.
Strategic partnerships and mergers are common as companies seek to strengthen their market position and expand into emerging areas. The growth of agriculture in emerging companies is attracting major industry players who are increasingly focusing on these areas with customized seed coating solutions designed for local crop varieties and conditions.
The competitive landscape is expected to be shaped by innovations in sustainable products and the ability to adapt to evolving regulations. With the increasing emphasis on organic farming and environmental concerns, key players will continue to develop solutions that provide both improved crop yields and reduced ecological impact, ensuring a strong market outlook.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.