The seed coating industry, currently valued at USD 2.0 billion in 2023 and poised to achieve an 8.5% CAGR, reaching USD 3.1 billion by 2028, is experiencing transformative shifts and innovations. Seed coating industry, pivotal within modern agriculture, stands as a crucial force in augmenting crop yields, protecting seeds, and fostering agricultural sustainability. Its growth trajectory and transformation are heavily underpinned by a confluence of technological innovations, shifts in agricultural practices, and a heightened focus on eco-friendly solutions.
A pivotal trend observed in this domain is the role of seed coating in delivering precise doses of active ingredients to seeds. This strategic application not only enables a reduction in overall pesticide and herbicide usage but also amplifies crop yields. Such advancements are pivotal in meeting the evolving demands for sustainable and eco-friendly agricultural practices. The recent initiatives introduced by industry associations and governmental bodies are marking significant disruptions in the seed coating landscape. For instance, the proactive approach of the US National Corn Growers Association (NCGA) in implementing a comprehensive educational program dedicated to seed coating has been instrumental in educating farmers about its advantages. Similarly, the research endeavors and educational materials developed by the Indian Council of Agricultural Research (ICAR) are paving the way for Indian farmers to comprehend and leverage the benefits of seed coating technologies.
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Regionally, the market is predominantly steered by key manufacturers situated in North America, Europe, and the Asia Pacific. Companies such as BASF SE (Germany), Solvay (Belgium), Croda International Plc (UK), Clariant (Switzerland), DSM (Netherlands), and Sensient Colors LLC (US) have been proactively engaging in strategic alliances and innovative product development. This approach is not only solidifying their market presence but also signaling the industry's continual evolution towards more sustainable and efficient agricultural practices.
Moreover, the landscape of the seed coating industry is witnessing a transition propelled by technological innovations and a growing focus on sustainable agricultural methods. With an increasing emphasis on eco-friendly solutions and precision farming techniques, the seed coating sector stands at the brink of further transformation, promising substantial opportunities and advancements in the coming years.
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 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.
Croda International Plc
Croda International Plc manufactures, distributes, and supplies natural specialty chemicals and consumer care & crop care products. The company operates through three business segments—Consumer Care, Life Sciences, and Industrial Specialties. The crop care segment offers innovative ingredients and formulation expertise to agrochemical companies to develop efficient, complex, and safe products. It is a leading provider of seed coating solutions. The company offers a wide range of seed-coating products and services, including film coatings, encapsulation, and pelletization. In February 2022, Croda International Plc partnered with Xampla, a company backed by Cambridge University, to develop biodegradable, microplastic-free seed coatings. The project is backed by the UK government and the National Institute of Agricultural Botany and will receive USD 687,083.7 (£640,000) in funding. The partnership will help Croda achieve its ambition to be Land Positive and will future-proof the seed coating industry by offering a solution that complies with a proposed microplastic ban across Europe.
Seed Coating Market by Form, Additives (Polymers, Colorants, Minerals/Pumice, Active ingredients, Binders), Process (Film coating, Encrusting, Pelleting), Crops (Cereals & grains, Oilseed & pulses, Vegetables) and Region - Global Forecast to 2028
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