Seed Coating Ingredients Market : Competitive Strategies And Forecasts to 2019

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Socioeconomic Benefits of Seed Coatings to Boost Market Growth

Ranging from coatings and pelleting, seed coating ingredients are increasingly being used in the agriculture sector as an effective technique to repel pathogens, pests, insects, etc. While the ban on the use of arsenic was a major development within the seed coating ingredients market, recent development activities have picked up considerable pace over the past few years. Research activities within the seed coating ingredients market are predominantly aimed toward refining existing seed coating treatment technologies and are paving the way for new technologies, including fluid drilling. In addition, another major advancement within the market for seed coating ingredients that is likely to gain traction during the forecast period is solid matrix priming (SMP), which is expected to accelerate efficient germination of seeds.

At present, biological and physical seed coating treatments are increasingly being used as an alternative treatment over chemicals worldwide. Environment safety and socio-economic benefits offered by seed coating treatment are likely to increase the demand for the same in the upcoming years due to which, the market for seed coating ingredients is expected to witness consistent growth. At present, significant efforts are being made to increase the awareness levels pertaining to seed coating ingredients at the grass-root level to improve the adoption of new technologies. At the back of these factors, along with the high demand for sustainable agriculture, the global seed coating ingredients market is expected to attain a market value of ~US$ 3 Bn by the end of 2029.

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Demand for Biological Seed Coating Ingredients on Rise

Over the past decade, the demand for biological seed coating ingredients has witnessed considerable growth– a trend that is expected to continue during the forecast period. The development of biological seed coating ingredients has gained notable pace, as companies are increasingly capitalizing on the relatively easy registration process at the Environment Protection Agency (EPA). The demand for biological seed coating ingredients is on the rise, as it plays a key role in protecting the quality and yield by reducing crop loss. Biological seed coating ingredients reduce biotic stress, enhance crop resilience against abiotic stress, salinity stress, and also increase the uptake of nutrients in plants. Some of the leading factors that are likely to boost the demand for biological seed coating ingredients include improvement in crop yield, availability of plant nutrients in roots, and decline in the usage of agrochemicals. Within the agriculture sector, the use of biological seed coating ingredients is on the rise, as biological control of bacteria continues to remain a primary area of concern. Although biological seed coating ingredients are more prone to environmental stresses such as humidity, temperature, and ultraviolet radiation, the demand for the same is increasing.

Polymers or bio-polymer seed coating ingredients are projected to dominate the global market during the forecast period. Significant advancements in the polymer technology and seed coating ingredients market are expected to propel the demand for polymers and biopolymer seed coatings ingredients in the coming decade. In addition, as research and development activities continue to gain momentum, new seed enhancement technologies aimed at maximizing seed performance crop yield are gaining significant popularity. Companies operating in the current seed coating ingredients market are increasingly focusing on encrusting without impacting the size and shape of seeds to ensure efficient handling and planting. Some of the leading players operating in the current market landscape are increasingly investing resources in research and development activities to provide tailor-made solutions to their end-users. Polymers are increasingly being used as seed coating ingredients as polymers minimize abrasion and dust, and improve flowability and the overall plant ability of seeds.

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COVID-19 Pandemic to Affect Services and Production; Market Players Likely to Increase Cleaning and Sanitization Measures

The COVID-19 pandemic is expected to have a strong impact on the growth prospects of the seed coating ingredients market, particularly in the first half of the forecast period. Production cycles and transportation of goods are expected to take a backseat, as government bodies across the world are imposing lockdowns as a preventive measure to curb the novel coronavirus. Companies operating in the current market landscape are expected to adhere to the guidelines laid down by local authorities. Market players in the seed coating treatment market are anticipated to seek solutions to address the supply chain challenges. In addition, stringent sanitization and cleaning measures are likely to be implemented. Companies are expected to improve their contingency strategies and focus on forging new partnerships with domestic market players to expand sales and market presence.