Global Agricultural Coatings Market, By Category (Seed Coatings, Fertilizer Coatings, and Pesticide Coatings), Coating (Polymers, Colorants, and Pellets), Coating Type (Powder Coating and liquid Coating), Application (Agricultural Vehicles, Agricultural Machinery, Agricultural Tools and Others), End Use (Insecticides, Herbicides, Fungicides, Rodenticides and Other Pesticide Coatings), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Agricultural Coatings Market
Data Bridge Market Research analyses that the agricultural coatings market will witness a CAGR of 7.50% for the forecast period of 2021-2028. Growth in the demand for agricultural coatings especially in the developing economies like India and China, growing use of agricultural coatings for a wide range of end user applications such as insecticides, herbicides, fungicides, rodenticides and other pesticide coatings, growth and expansion of agricultural sector and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the agricultural coatings market. Therefore, the agricultural coatings market value, which was USD 3,100 million in 2020, would stand tall by USD 5,528.78 million by 2028.
Agricultural coatings are the chemicals and substances that are used for a wide range of applications. Agricultural coatings are used to lubricate the agricultural machinery, tools and vehicles. Moreover, agricultural coatings are applied to eradicate various kinds of crop destroying agents.
Rise in demand for agricultural coatings by the agricultural industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for agricultural coatings and growth and expansion of various coatings and chemicals industry especially in the developing economies will also directly and positively impact the growth rate of the market. Surging demand for agrochemicals, growing focus on the protection of crops from pests and diseases and increased cultivation of high quality seeds will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. Harmful effects of agricultural coatings on the environment and crop health will dampen the market growth rate. Limited adoption of controlled-release technology and uncertainty in the climatic conditions will also impede the market growth rate.
This agricultural coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on agricultural coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Agricultural Coatings Market Scope and Market Size
The agricultural coatings market is segmented on the basis of category, coating, coating type, application and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of category, the global agricultural coatings market is segmented into seed coatings, fertilizer coatings, and pesticide coatings.
- On the basis of coating, the agricultural coatings market is segmented into polymers, colorants, and pellets.
- On the basis of coating type, the agricultural coatings market is segmented into powder coating and liquid coating.
- On the basis of application, the agricultural coatings market is segmented into agricultural vehicles, agricultural machinery, agricultural tools and others.
- On the basis of end use, the agricultural coatings market is segmented into insecticides, herbicides, fungicides, rodenticides and other pesticide coatings.
Agricultural Coatings Market Country Level Analysis
The agricultural coatings market is analysed and market size, volume information is provided by country, category, coating, coating type, application and end use as referenced above.
The countries covered in the agricultural coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the agricultural coatings market owing to the increase in the demand for high-yielding and disease-resistant crops. Asia-Pacific will continue to undergo substantial gains during the forecast period and register the highest CAGR owing to the high economic growth in the emerging countries, growth and expansion of agricultural industry in this region, surging research and development activities and abundant availability of raw materials.
The country section of the agricultural coatings market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Agricultural Coatings Market Share Analysis
The agricultural coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to agricultural coatings market.
The major players covered in the agricultural coatings market report are BASF SE, Bayer AG, Clariant, Croda International Plc, Sensient Technologies Corporation, Germains Seed Technology, Milliken & Company., Precision Laboratories, LLC, Pursell Agri-Tech, Novochem Group, Dorf Ketal Chemicals (I) Pvt. Ltd., Deltachem., ICL, Arkema, SQM S.A., Mosaic, Nutrien Ltd., Vivify, Evonik Industries AG and Encapsys, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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