The seed coating agent market is segmented by type into three main categories: on-farm activities, seed dressing, and pelleting. The seed dressing segment covers activities that take place both off-farm and on-farm and includes cereals, oilseeds, fruits and vegetables, and other crops. The report provides insights into product launches and regulatory situations in key countries, as well as trends affecting the seed coating agent market.
The global seed treatment industry is highly concentrated, with the top four companies accounting for more than 80 percent of total revenues in 2011.
These companies include Bayer CropScience, BASF, and Syngenta. Other leading companies in the market include Chetura, DuPont, and BASF Agriculture Solutions. In 2014, corn/maize was the most popular seed treatment crop, while soybeans and wheat were the fastest-growing crops.
In 2013, chemical seed treatments accounted for the majority of the market. In fact, chemical seed treatment agents are projected to reach US$3.4 billion by 2020, with a CAGR of 6.4% between 2014 and 2020. Fungicide seed treatments, on the other hand, are expected to grow at a rapid pace, and are expected to reach US$1.3 billion by 2020. This growth rate is expected to continue, with the industry’s total revenue reaching US$3 billion by 2029.
In addition to reducing crop losses, seed treatment ingredients help to prevent seed spoilage and increase crop yields. With a population projected to grow to nine billion by 2050, seed coating ingredients are an important part of the world’s agricultural industry. By enhancing the plant’s nutrient uptake, seed coating agents can help farmers increase crop yields and save valuable grains. The 2014 market research report on global seed coating agent industry comprises several key players in this industry.
The global seed coating agent market is projected to grow at a healthy CAGR of 8.6% over the next five years, driven by factors such as increasing awareness of sustainable agriculture, the benefits of seed coating technologies, and increased production capacity. Seed coating agents will continue to experience strong growth in the coming years due to the increasing demand for high-quality seeds, ease of handling, and flowability through planters. Meanwhile, polymers will continue to dominate the market for seed coating agents, with the polymer segment expected to grow at the fastest rate.
To ensure future growth in the seed coating agent market, companies must focus on R&D and environmentally-friendly practices.
Government policies restrict the use and production of coated seeds, which may inhibit the growth of the coated seed industry. However, this industry is still a relatively new market in the agricultural sector, and the future is promising. The report also highlights the competitive dynamics of the seed coating agent industry and analyzes the key players in each region.
Among the major segments, North America is the fastest growing region in the seed treatment industry, and it is expected to reach US$1.7 billion by 2020. North America is the largest segment, with a growth rate of 6.4% over the next five years. Growth is expected to be hindered by limited awareness regarding seed treatments and lack of technical expertise. Additionally, limited access to seed treatment services in developing countries and low replacement rates are expected to limit the growth of the market.