The global seed coating materials market is driven by the increasing demand for high-yield and disease-resistant crops. The use of seed coating materials is gaining popularity as they enhance seed quality, provide protection from pests and diseases, and improve seed germination rates. Additionally, the growing adoption of precision agriculture techniques, along with advancements in seed technologies, is expected to drive market growth. However, factors such as the high cost of seed coating materials, stringent regulations, and limited awareness among farmers about the benefits of seed coating materials may hinder market growth. Furthermore, the COVID-19 pandemic has impacted the global seed coating materials market by disrupting supply chains and causing fluctuations in demand.
Global Seed Coating Materials Market was valued at US$ 1760.0 Million in 2021 in terms of revenue, exhibiting a CAGR of 6.92% during the forecast period (2022 to 2030).
Top Companies in the Seed Coating Materials Industry:
1. Clariant International
Clariant International is a Swiss specialty chemicals company that was founded in 1995 and is headquartered in Muttenz, Switzerland. The company operates in more than 100 countries worldwide and produces a wide range of specialty chemicals for various industries, including plastics, coatings, and personal care. In December, 2022 - Clariant is set to expand its Care Chemicals facility in Daya Bay, Huizhou, China, to boost its support for pharmaceutical, personal care, home care, and industrial application customers.
2. Chemtura Corporation
Chemtura Corporation is an American specialty chemicals company that was founded in 2005 and is headquartered in Philadelphia, Pennsylvania. The company operates in several countries worldwide, including the United States, Canada, and Europe, and produces a range of specialty chemicals for various industries, including plastics, automotive, and industrial lubricants.
3. BASF SE
BASF SE is a German multinational chemical company that was founded in 1865 and is headquartered in Ludwigshafen, Germany. The company operates in more than 80 countries worldwide and produces a wide range of chemicals, including petrochemicals, plastics, and agricultural products. In March, 2023 – BASF introduces a new Ultramid® Deep Gloss grade, optimized for highly glossy automotive interior parts, and applied for the first time to the garnish of Toyota‘s new Prius.
4. Bayer CropScience AG
Bayer CropScience AG is a German multinational agricultural chemical company that was founded in 2002 and is headquartered in Monheim am Rhein, Germany. The company operates in more than 120 countries worldwide and produces a wide range of crop protection products, including herbicides, fungicides, and insecticides. In March, 2023 Bayer launched new cloud-based solutions for the agri-food industry: AgPowered Services from Bayer in combination with the new Microsoft Azure Data Manager for Agriculture provide ready-to-use capabilities available for businesses and organizations from start-ups to global enterprises to license and use for their own internal or customer-facing digital solutions.
5. Precision Laboratories LLC
Precision Laboratories LLC is an American chemical company that was founded in 1958 and is headquartered in Waukegan, Illinois. The company produces a wide range of chemicals for various industries, including agriculture, turf, and ornamental. In March, 2020 Precision Laboratories introduces new, innovative technology with a seed-applied water management product. HydraLink is a one-of-a-kind seed-applied water management product formulated to provide an optimal moisture environment around the seed for improved germination and emergence, stand establishment and yield.
6. Croda International PLC
Croda International PLC is a British speciality chemical manufacturer that was founded in 1925 and is headquartered in East Yorkshire, England. The company operates in more than 30 countries worldwide and produces a wide range of specialty chemicals for various industries, including personal care, home care, and industrial markets. In February, 2023 Croda International Plc (‘Croda’) announces that it has agreed to acquire Solus Biotech (‘Solus’), a global leader in premium, biotechnology-derived beauty actives, from Solus Advanced Materials for a total consideration of KRW350bn (approximately £232m) on a debt-free, cash-free basis.
7. Platform Specialty Products Corporation
Platform Specialty Products Corporation is an American specialty chemicals company that was founded in 2013 and is headquartered in West Palm Beach, Florida. The company operates in more than 100 countries worldwide and produces a range of specialty chemicals for various industries, including agriculture, electronics, and oil and gas.
8. Chromatech Incorporated
Chromatech Incorporated is an American chemical company that was founded in 1986 and is headquartered in Canton, Michigan. The company produces a wide range of dyes and pigments for various industries, including food, cosmetics, and plastics. Chromatech operates in several countries worldwide, including the United States, China.
*Definition- Seed coating materials are a type of agricultural input that is applied to the surface of seeds to enhance their performance. These materials may include polymers, fungicides, insecticides, and other additives that protect the seed and promote germination and growth.
