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Seed coating is the method of formulation of seed
protection on the surface of the seed. The main purpose of seed coating
increases the protection of seeds against fungal, pathogenic attacks. Seed
coating is the application of exogenous materials onto the surface of seeds,
which aims to improve seed appearance and handling characteristics (such as
size and weight) or/and deliver active compounds that can protect the seeds
from pathogenic attacks and increase germination and plant growth. Several
materials such as repulsive agents, fertilizers, polymers are used to coat
seeds.
Major benefits associated with seed coatings such
as high shelf life, high binding capacity, high seeding rate, and high crop
yield per hectare are expected to increase the demand for seed coating
materials, which in turn drives the market growth. For instance, in June 2020,
Cambridge Crops (a food-tech startup) developed an edible and imperceptible
silk coating to replace plastic packaging. According to the company, the newly
developed coating will extend the shelf life of all sorts of perishable foods.
However, uncertain weather conditions and stringent government regulations are
expected to hamper the market growth.
Moreover, increasing R&D activities to
develop new, high-performance coating methods are expected to propel the seed
coating materials market growth. For example, recently, a film coating
method has been developed to overcome the disadvantages of other coating
methods. Based on the product type, polymeric seed coating holds the largest
revenue share in the market and is expected to lead the seed coating materials
market. The increasing demand for polymeric seed coating materials (such as
polyvinylpyrrolidone, polyvinyl acrylate, polyurethane, etc.) is also expected
to positively impact the growth of the market. For instance, in December 2019, MIT
researchers developed a protective coating to help seeds grow in currently
unusable soil.
Moreover, the development of biodegradable seed
coatings to reduce environmental pollution is expected to create significant
growth opportunities in the seed coating materials market. In terms of geography,
the seed coating materials market is divided into six regions, such as North
America, Asia Pacific, Europe, South America, the Middle East, and Africa. Key
players active in the market are adopting various strategies such as mergers
& acquisitions, joint ventures, and collaboration to enhance their market
presence, as well as their product portfolio. For instance, in August 2018,
BASF acquired a range of Bayer’s businesses and assets to strengthen its
agricultural solutions portfolio.
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