Global Agricultural Coatings Market to be Dominated by Agricultural Coated Products through 2028
Global Agricultural
Coatings market is expected to grow in the forecast period 2024-2028 due to increasing demand for agricultural coated
products.
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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