Expanding at a CAGR of 6.5%, the global seed coating materials market is projected to increase from a valuation of USD1.74bn in 2021 to USD3.41bn by the end of 2032. According to Fact.MR, a market research and competitive intelligence provider- the global seed coating materials market expanded at a CAGR of 5.1% from 2017 to 2021.
Polymer seed coating materials are widely employed because of their functional capabilities of boosting the nutritional value of seeds and improving their appearance, resulting in increased crop output. As a result, demand for polymers across the world is projected to increase at a high CAGR of 8.3% from 2022 to 2032.
North America accounts for 29.8% share of the global seed coating materials market. Cereals, grains, oilseeds, and pulses, which are primarily used in the food and primary feed material industries, are in high demand in the North America seed coating materials market. Increasing adoption of grass seed coating materials is driving the market growth.
Increased demand for seed coating materials among food products in North America is predicted to be supported by higher consumption of packaged foods and beverages with health advantages.