Agricultural Coatings Market Forecasts to 2028 – Global Analysis By Type (Pellets, Polymers, Colorants and Other Types), Category (Pesticide Coatings, Seed Coatings and Fertilizer Coatings), Coating Type (Liquid Coating and Powder Coating), Application (A

Agricultural Coatings Market Forecasts to 2028 – Global Analysis By Type (Pellets, Polymers, Colorants and Other Types), Category (Pesticide Coatings, Seed Coatings and Fertilizer Coatings), Coating Type (Liquid Coating and Powder Coating), Application (Agricultural Vehicles, Agricultural Tools, Agricultural Machinery and Other Applications), End User and By Geography

According to Stratistics MRC, the Global Agricultural Coatings Market is accounted for $4.04 billion in 2022 and is expected to reach $6.89 billion by 2028 growing at a CAGR of 9.3% during the forecast period. Agricultural coatings are chemicals that can be utilized for a variety of applications. In the farming sector, they are frequently used to lubricate equipment, tools, and vehicles. Agricultural coatings, which can be put in many forms such a liquid or wax-based coating, are also used to get rid of pests like weeds. Agricultural coatings aren't just utilized on machinery; they're also applied to food packing to prevent contamination. By preventing oxidation and moisture, the coatings also serve to preserve the food.

According to the American Seed Trade Association (ASTA) 2017, there is a presence of more than 750 seed companies in the US, which makes the country one of the most lucrative markets for seed coating in this region.

Market Dynamics:

Driver:

Increasing seed technology promotes the adoption of seed coated products

There are numerous technological advancements in seed technology that are increasingly beneficial to sustainable crop production. Commercial seed technology application by specialized applicators or seed businesses is on the rise. Commercial seed technology application by specialized applicators or seed businesses is on the rise. High-value seeds are utilized by commercial applicators because they require more sophisticated machinery. Due to recent improvements, the use of commercial seed is on the rise. Commercial applicators need complex techniques more than ever because high-value seeds require increasingly sophisticated processes. Thus, increased commercial seed technology use is expected to promote seed coating demand, thereby fueling the expansion of the agricultural coating market.

Restraint:

Uncertainty in climate conditions

Climate change has a significant impact on the agricultural sector. It helps to increase production while also reducing disease and insect attacks. Climate uncertainty is expected to have an effect on crop yield, which will lead to crop loss. Numerous agricultural crops are influenced by the climate, and occasionally it is the climate itself that encourages crop production. The planning of agricultural processes including planting, irrigation, managing crop diseases and pests, and preparing the harvest all depend on weather forecasts. For instance, common mustard crops naturally thrive in mesic temperate zones; but, due to global warming and increased aridity, it is predicted that the number of these mustard crops would decline. Rapeseed crops' oil production and seed yield are expected to decline with increased aridity.

Opportunity:

Increasing government initiatives

With consistent growth in demand for these coatings and a growing government drive to raise awareness among farmers, the worldwide agricultural coating industry is poised to expand enormously. Many governmental organizations have started campaigns and initiatives to inform the public about the advantages of this coating. New research in this field has also received funding from the government. Since the majority of farmers are unaware of all the advantages these coatings offer, there is now a large untapped market with strong demand. With increased awareness, there will be more globally produced coatings, resulting in higher revenues for manufacturers.

Threat:

Limited adoption of controlled-release technology

Controlled-release fertilizers have been used for a long time in places such as the United States and Western Europe. For underdeveloped nations, the technology is still relatively new. The expansion of this sector has been significantly constrained by the lack of widespread knowledge about the benefits of CRF with regard to application costs and environmental considerations. The established market for conventional fertilizers, where demand has been largely driven by farmers' expectations of great crop yields, is the key factor in the low adoption rate of this technique.

Covid-19 Impact

The impact of COVID-19 has had a detrimental influence on the sales and distribution of many items across numerous businesses. To stop the virus from spreading, several nations have put themselves on lockdown and barricaded their borders. The supply of raw materials has been disrupted by COVID-19's effects on logistics. As a result, the manufacturing capacity has dropped and there is a product scarcity. In the short term, it is anticipated that these variables would increase product prices. But it's anticipated that there won't be a change in the need for agricultural coatings. Considering that agricultural coatings are a crucial component of the sector.

The polymers segment is expected to be the largest during the forecast period

The polymers segment is estimated to have a lucrative growth, as polymers provide better shelf life and requires less water. The filmcoating technique employs seed coating polymers. A thin water permeable polymer-based coating layer is applied to the seed, seed coating, or pellet during the filmcoating process. A variety of colors, covering characteristics, opacities, and finishes are offered in polymers. It provides enhanced seedling emergence and vigour, which is propelling the development of this market segment for agricultural coatings.

The insecticides segment is expected to have the highest CAGR during the forecast period

The insecticides segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the registration & commercialization of new varieties of microencapsulated insecticides. Insecticides are applied to crops to protect them from insect eggs and larvae. Systemic, contact, and plant-incorporated insecticides are some of the different ways that they work. By keeping insects away, they are frequently employed to preserve the quality of crop produce.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to increase in the demand for high-yielding and disease-resistant crops from both domestic markets as well as export destinations. The North American zones are renowned for their widespread use of monoculture. This causes the nitrogen and phosphate content of the soil to degrade. Additionally, there is a significant likelihood that a single plant species will be affected by a disease. This has raised awareness among farmers about innovation related to enhancing seed performance.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rapid economic growth of the developing nations, the expansion of the agricultural sector in this area, the booming R&D sector, and the abundance of raw resources. In addition, rising regional demand for premium agrochemicals such agricultural coatings and fertilizers is anticipated to fuel market expansion.

Key players in the market

Some of the key players profiled in the Agricultural Coatings Market include Aakash Chemicals, Arkema, BASF SE, Bayer AG, Clariant Technologies, Croda International Plc, Deltachem, Dorfketal, Encapsys LLC, Evonik Industries, Germains Seed Technology, Israel Chemicals Ltd, Milliken Chemical, Mosaic, Novochem Group, Nutrien Ltd, Precision Laboratories, Pursell Agri-Tech, SQM, Sensient Technologies

Key Developments:

In January 2020, Nutrien Ltd entered into an agreement with Agrosema (Brazil), which is an Ag retailer in the southern Brazilian crop input market, to provide new product offerings and solutions to Brazilian agricultural producers.

In November 2019, Precision Laboratories added a new seed coating polymer to the PRISM line—PrismSCP2020—designed to improve seed uniformity and treatment delivery In July 2018, Heritage Colors, a subsidiary of Aakash Chemicals, expanded its production plant in Savannah, GA, which increased production capacities for the company’s existing successful water-based pigment dispersion portfolio.

In May 2018, Clariant AG company launched a full range of Agrocer seed colorants in China. They were made available in both powder and pigment paste formats, including the six most common colors, and passed the seed safety test.

Types Covered:
• Pellets
• Polymers
• Colorants
• Other Types

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

Coating Types Covered:
• Liquid Coating
• Powder Coating

Applications Covered:
• Agricultural Vehicles
• Agricultural Tools
• Agricultural Machinery
• Other Applications

End Users Covered:
• Rodenticides
• Insecticides
• Herbicides
• Fungicides
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 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