PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627659
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627659
The global seed coating market is projected to surge at a CAGR of 6.32% to reach a market size of US$4.881 billion in 2030 from a market size of US$3.593 billion in 2025.
The growing demand for accelerating seed performance is driving the global seed coating industry in the forecast period.
This will further contribute to overcoming the challenges where concerns regarding feeding an increasing global population are prevalent. Hence, seed coating technology is paving the way for sustainable crop yield and will help increase on-farm productivity, providing an opportunity for the market to increase with advancements in seed coating technology.
Considering the importance of seed quality for sustainable crop production and food security, certain seed treatments, including seed coating, further promote market growth in the forecast period. These treatments assist in overcoming germination constraints and promoting high-quality plant growth. With the decreasing arable land due to urbanization, the world is poised to adopt R&D activities for developing seed treatment technologies so that every seed gives rise to a healthy seedling, leading to better crop yield for consumption.
Global Seed Coating Market Drivers
It is predicted that in the 21st century, the agriculture sector will experience several challenges, such as producing more food to feed a growing population with a small rural workforce. Hence, this is creating a need for many agriculture-dependent emerging economies to gear themselves by adopting efficient and sustainable agriculture production technologies to enhance their agricultural production. Adapting to climate change is another factor challenging the global agriculture sector, and adopting productivity enhancement techniques can achieve this.
The population worldwide is projected to grow by 2.3 billion individuals from 2009 to 2050 (source: FAO). Maximum population growth is estimated to occur in the world's developing economies. The population in the Sub-Saharan African region is set to grow at the fastest rate, accounting for 114%. The population in the East and Southeast Asian region is projected to grow at a growth rate of 13%. In addition, rapid urbanization is forecasted to continue quickly, with urban areas holding 70% of the world population by 2050 (source: FAO). With the increasing per capita income forecasted to increase multiple times by 2050 than the current per capita income, the demand for food will also significantly increase.
The global demand for cereals for human and animal consumption is forecasted to attain around 3 billion tonnes by the end of 2050 (source: FAO), providing an impetus to fuel the market demand for increasing crop yields. The demand for food commodities like vegetable oils, dairy products, and livestock is estimated to grow faster than cereals and grain. This is because of the high-income population in the world's developing regions.
As per FAO predictions, feeding the growing population will require an increase in the overall production of food by 70% by 2050 from 2005/07. The developing economies would require food production to almost double to satiate high food demand. Hence, advancements in production technology also hold equal importance in surging market growth in the forecast period and the coming years.
Geographically, North America is projected to hold a significant market share due to the early adoption of technology and innovations. The Asia Pacific region is estimated to be the fastest-growing due to the burgeoning need to adopt efficient technologies for enhancing crop yield and productivity to feed a large population base.
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