According to TechSci Research report, “Agricultural Coatings Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Agricultural Coatings Market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Agricultural Coatings Market is due to increasing demand for agricultural coated products which include coated seeds, fertilizer, and pesticide. Additionally, favorable laws and regulations and initiatives regarding the awareness of technology by the government further fuel the growth of Global Agricultural Coatings Market.
For instance, in 2020, Nutrien Ltd and Agrosema signed an agreement to provide new product offerings and solutions to Brazilian agricultural producers.
Furthermore, the market is being further stimulated by the growing demand for various agricultural applications, as well as the utilization of technology for various end uses.
However, limited adoption of controlled-release technology can slow down market growth. Also, ambiguity in the climatic conditions can further slowdown market growth.
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Global Agricultural Coatings Market is segmented based on category, coating material, coating type, application, end-use, and region.
Based on category, the market is divided into seed coatings, fertilizer coatings, and pesticide coatings. Seed Coatings are expected to hold the largest market share in the forecast period, 2024-2028. As they protect seeds from pests and diseases and promote seed germination.
Based on coating material, the market is categorized into polymers, colorants, and pellets. Polymer is expected to hold the largest market share in the forecast period, 2024-2028. It provides better shelf life and requires less water and helps the additives stay on the seeds, preventing dusting and pollution.
Based on coating type, the market is fragmented into powder coating and liquid coating. The powder coating segment will experience the highest market share during the forecast period, 2024-2028. As it is cheaper and more convenient and easily mix with the manure and soil.
Based on application, the market is segregated into agricultural vehicles, agricultural machinery, agricultural tools, and others. The agricultural tools segment will experience the highest market share during the forecast period, 2024-2028. As it is used in various areas and is easy to clean and reuse.
Based on end use, the market is divided into insecticides, herbicides, fungicides, rodenticides, and others. Insecticides are expected to hold the largest market share in the forecast period, 2024-2028. This is due to the registration & commercialization of new varieties of microencapsulated insecticides.
Major companies operating in the Global Agricultural Coatings Market are:
- BASF SE
- Solvay SA
- Clariant AG
- Croda International Plc
- ICL Group Ltd
- Sollio Groupe Cooperatif
- PPG Industries
- Germains Seed Technology Inc
- Precision Laboratories, LLC
- Dorf Ketal Chemicals India Private Limited
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“North America region is expected to grow at the highest rate during the forecast period due to increasing demand for high-yielding and disease-resistant crops. Additionally, increasing awareness among the farmers regarding the use of advanced technologies with respect to the enhancement of seed performance creates lucrative opportunities for market growth.
Furthermore, in Asia Pacific, rising demand for superior agrochemicals such as agricultural coatings, fertilizers, increasing R&D sector, and huge availability of raw materials create prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Agricultural Coatings Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Category (Seed Coatings, Fertilizer Coatings, Pesticide Coatings), By Coating Material (Polymers, Colorants, Pellets), By Coating Type (Powder Coating, Liquid Coating), By Application (Agricultural Vehicles, Agricultural Machinery, Agricultural Tools, Others), By End Use (Insecticides, Herbicides, Fungicides, Rodenticides, Others), By Region and Competition, has evaluated the future growth potential of global Agricultural Coatings market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Agricultural Coatings Market.”
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