APAC Seed Coating Materials Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Seed Coating Materials Market Analysis
The Asia-Pacific Seed Coating Materials market is estimated to register a CAGR of 8.0%, during the forecast period (2020-2025). Asia-Pacific region is the fastest-growing market, with increasing awareness among the farmers, being the major factor responsible for this growth. The major drivers for this market include increasing adoption of advanced farming technologies and rising awareness regarding the benefits and high performance of coated seeds over the uncoated variants. However, market players in this region are witnessing several challenges in their growth, such as the lack of awareness among most of the farmers of the developing nations, regarding the benefits of coated seeds, and increasing commercialization and acceptance of genetically modified seeds. To overcome these challenges, market players are focusing on their R&D activities to launch natural and organic seed coating materials. Owing to these determinants, the Asia- Pacific seed coating materials market is expected to register an impressive growth rate during the forecast period.
APAC Seed Coating Materials Market Trends
This section covers the major market trends shaping the APAC Seed Coating Materials Market according to our research experts:
Increasing Demand for Enhancing Seed Performance
With increasing population growth, the agriculture sector, particularly the seed sector, is under pressure. Increasing demand for food has exerted pressure on farmers, particularly in Asian countries who are progressively shifting to scientific techniques of farming. Farmers need to find a way to yield more with less. According to World Bank statistics, the arable land in this region is anticipated to show a decline of 0.8%, by 2019, over 2016. With this trend of decreasing arable land, meeting the food production demand in the near future might prove difficult. Seed diseases and volatile environment are few major challenges faced by the farmers that decrease crop yields. Coating seeds with pesticides, fertilizers, plant growth regulators, and others can help in accelerating seed performance and germination, and increases the yield per hectare, thereby, boosting the demand for seed coating materials market in the Asia Pacific, with rising awareness among farmers.
Grains and Cereals Segment Dominate the Market
Based on crop type, the Asia-Pacific seed coating material market is segmented into cereals & grains, oilseeds & pulses, other crop types. Cereals and grains segment lead the seed coating material market because the demand for cereals and grains is endlessly increasing as they are considered a vital part of the everyday meal of the rising population. They hold a major share of nearly 40% of the market. Cereals & grains include crops such as wheat, rice, corn, sorghum, oats, and barley. The demand for seed coating materials for cereals and grains is majorly driven by rising pests and disease attacks, increasing demand for feed, rising production demands for corn, and increasing awareness about sustainable agricultural practices. However, the demand for oilseed coating materials is also anticipated to witness growth during the forecast period.
APAC Seed Coating Materials Industry Overview
The seed coating material market is highly consolidated. Several giant players, like BASF SE, Bayer Crop Science, Brettyoung , and a few others, occupy a major portion of the market studied, having a diverse and expanded product portfolio. Companies are focusing majorly on new product launches, mergers, and acquisitions, which help in strengthening their foothold in the market. They are adopting various strategies to strengthen market opportunities and increase their market shares.
APAC Seed Coating Materials Market Leaders
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BASF SE
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Brett Young
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Bayer AG
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Incotec Group BV
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Precision laboratories plc
*Disclaimer: Major Players sorted in no particular order
APAC Seed Coating Materials Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Industry Attractiveness - Porters Five Force Analysis
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4.4.1 Bargaining Power of Buyers
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4.4.2 Bargaining Power of Suppliers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitutes
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Ingredient
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5.1.1 Polymers
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5.1.2 Colorants
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5.1.3 Binders
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5.2 Application
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5.2.1 Grain & Cereals
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5.2.2 Pulses & Oilseeds
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5.2.3 Fruits & Vegetables
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5.2.4 Other Applications
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5.3 Geography
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5.3.1 China
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5.3.2 India
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5.3.3 Japan
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Brettyoung
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6.3.3 Bayer Crop Science
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6.3.4 Novus International Inc.
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6.3.5 Incotec Group BV
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6.3.6 Precision laboratories plc
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6.3.7 Mahindra Overseas
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6.3.8 Chromatech incorporated
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6.3.9 Cistronics
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
APAC Seed Coating Materials Industry Segmentation
Seed coating is the process of coating seeds directly with various materials such as fertilizers, repulsive agents like crop protection chemicals, and plant growth regulators, among many others. The primary purpose of seed coating material is to ensure rapid multiplication and timely supply of crops at affordable prices. The Asia-Pacific seed coating material market is segmented based on Ingredient type into (Polymers, Colorants, and Binders), by application type into (Grain and Cereals, Pulses and Oilseeds, Fruits and Vegetables, and Others), and by geography into China, India, Japan, Thailand, Australia, and Rest of Asia-Pacific.
Ingredient | |
Polymers | |
Colorants | |
Binders |
Application | |
Grain & Cereals | |
Pulses & Oilseeds | |
Fruits & Vegetables | |
Other Applications |
Geography | |
China | |
India | |
Japan | |
Australia | |
Rest of Asia-Pacific |
APAC Seed Coating Materials Market Research FAQs
What is the current Asia-Pacific Seed Coating Materials Market size?
The Asia-Pacific Seed Coating Materials Market is projected to register a CAGR of 8% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Seed Coating Materials Market?
BASF SE, Brett Young, Bayer AG, Incotec Group BV and Precision laboratories plc are the major companies operating in the Asia-Pacific Seed Coating Materials Market.
What years does this Asia-Pacific Seed Coating Materials Market cover?
The report covers the Asia-Pacific Seed Coating Materials Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Seed Coating Materials Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Seed Coating Materials Industry Report
Statistics for the 2024 Asia-Pacific Seed Coating Materials market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Asia-Pacific Seed Coating Materials analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.