Markets and Markets
United States - North Carolina
Revolutionizing Agriculture: Liquid Seed Coatings Driving Growth in the Global Market
Description: In 2023, the global seed coating market, valued at USD 2.0 billion, is set for significant expansion, projected to reach USD 3.1 billion by 2028, boasting a robust CAGR of 8.5%, according to a MarketsandMarkets report. This agri-tech innovation is reshaping agriculture, offering advantages like improved seed germination, enhanced seedling vigor, and increased crop yields. Embracing Transformation: Liquid Seed Coatings as Agricultural Game-Changers Liquid seed coatings, applicable across diverse crops such as corn, soybeans, wheat, rice, vegetables, and flowers, are essential tools in modern agriculture. Notably, Croda International Plc's FS formulations are gaining popularity due to their concentrated nature, water-based composition, and enhanced safety during application, marking a revolutionary shift in seed treatment. Cereal and Grains at the Helm: Driving Seed Coating Adoption The cereal and grains segment, emphasized by the Food and Agriculture Organization (FAO), plays a pivotal role in the surge of seed coating adoption. With the global area dedicated to cereal cultivation reaching 7.39 billion hectares in 2022, innovations like Bayer's Peridiam Active 109 and Syngenta's CruiserMaxx Vibrance Cereals seed treatment are elevating seed quality, reducing dust emissions, and ensuring operator safety. France Leads the Way: Advancements in Seed-Coating Technology France maintains dominance in the European seed coating market, fueled by the pursuit of amplified yields and reduced reliance on chemical pesticides. Innovations such as AgriCoat Protect from AgriCoat underscore the country's commitment to advancing seed-coating technology. The French government's Seed Coating Program further supports farmers with financial incentives. Key Players Shaping the Industry Landscape BASF SE, Solvay, Croda International Plc, Clariant, DSM, and Sensient Colors LLC stand as key players wielding substantial influence. With robust manufacturing facilities and established distribution networks, these entities ensure the widespread presence and accessibility of seed coating products across North America, Europe, South America, and the Asia Pacific.
