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Agricultural Coatings Market

Agricultural Coatings Market Forecasts to 2028 – Global Analysis By Category (Fertilizer Coatings, Pesticide Coatings, Seed Coatings), Coating Type (Colorants, Pellets, Polymers) and By Geography

4.9 (44 reviews)
Published: July 2021 ID: SMRC20799
4.9 (44 reviews)
Published: July 2021 ID: SMRC20799

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Agricultural Coatings Market is accounted for $3.45 billion in 2020 and is expected to reach $7.55 billion by 2028 growing at a CAGR of 10.3% during the forecast period. Favorable government policies and regulations and an increase in the seed replacement rate are the major factors driving the market growth. However, the high costs involved in the agricultural coating process are hampering the market growth.

agricultural-coatings-fig-130.png

Agricultural Coatings provide chemical resistance to wear and corrosion for the industrial tools and machines that are used in the agriculture industry. It offers economic, environmental and production benefits. It can also be used on smaller mechanical components and parts that require a protective barrier for a prolonged lifespan.

Based on the coating type, the polymers segment is going to have lucrative growth during the forecast period. Polymers provide better shelf life as a result of less settling out of components and require less water, resulting in ease of handling and reduced storage losses.

By geography, North America is going to have high growth during the forecast period due to the increasing demand for disease-resistant and high-yielding crops from domestic markets. In North America, agriculture is developed with an integrated system of supporting agribusinesses.

Some of the key players profiled in the Agricultural Coatings Market include BASF SE, Aakash Chemicals, Arkema, Bayer AG, Clariant Technologies, Croda International Plc, Deltachem, Dorfketal , Germains Seed Technology , Israel Chemicals Ltd , Milliken Chemical, Novochem Group , Precision Laboratories, Pursell Agri-tech, and Sensient Technologies.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3.45 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

10.3%

Predicted 2028 Value:

USD 7.55 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

80

Chapters Covered:

Category, Coating Type and Region

Core Drivers and Opportunities:

  • Need for seed enhancement and protection
  • Favorable government policies and regulations
  • Development of biodegradable seed coatings

Restraining Factors & Market Threats:

  • High costs involved in the agricultural coating process
  • Subsidies on fertilizers provided by the government of developing economies


Categories Covered:
• Fertilizer Coatings 
• Pesticide Coatings 
• Seed Coatings        

Coating Types Covered:
• Colorants
• Pellets
• Polymers
   
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Agricultural Coatings Market is majorly driven by increase in the seed replacement rate to drive the adoption of coated commercial seeds, favorable government policies and regulations, and sustainable approach to mitigate environmental and health risks.

The polymers segment is growing at a highest CAGR as it provides better shelf life as a result of less settling out of components and require less water, resulting in ease of handling and reduced storage losses.

North America dominated with a significant market share due to the increasing awareness for specialty crops, which has led to the production of more vegetables under protected cultivation.

Asia Pacific market is growing at a highest CAGR owing to increasing disposable income and growing demand for interior decoration & beautification in both residential as well as commercial segments.

Key players in Agricultural Coatings Market include BASF SE, Aakash Chemicals, Arkema, Bayer AG, Clariant Technologies, Croda International Plc, Deltachem, Dorfketal, Germains Seed Technology, Israel Chemicals Ltd, Milliken Chemical, Novochem Group, Precision Laboratories, Pursell Agri-tech, and Sensient Technologies.

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