Agricultural Coatings Market Global Leading Players, Industry Updates, Future Growth, Business Prospects, Forthcoming Development
Agricultural Coatings market crossed US$ 3.5 billion mark in 2022 and is expected to hit US$ 6 billion by 2030, recording a CAGR of 5.5% during the forecast period.
There is a high demand for different seed coating products which is fueling the growth of the agricultural coatings market. Seed coatings are highly used in agriculture to protect seeds from pests and diseases and increase seed germination. This helps in increasing crop yield with minimal use of additional plant protection products. The polymer segment is expected to pace up with the growing use of polymers in seed coatings. Further, colorants segment is also expected to gain traction during the forecasted year.
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- BASF SE
- Bayer AG
- Clariant Technologies
- Croda International Plc
Target audience for the report:
- Raw material providers
- Agricultural coatings related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Applications of agricultural coatings
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Seed Coatings
- Fertilizer Coatings
- Pesticide Coatings
- Powder Coating
- Liquid Coating
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Growing demand for biobased agricultural coating products
Seed coating products are used to protect seeds from pests and diseases. They also help in increasing crop yield. However, few seed coatings depend on petroleum-derived polymers, which are not fully degradable in agricultural soils. Hence, the demand for biobased seed coatings is increasing. With this, the market players are also focusing on development of seed coatings that are fully biodegradable. Players are addressing the need for a sustainable alternative to the current polymer-based synthetic coatings with limited biodegradability on seeds in order to improve sow ability and seed visibility in the soil. Further, in 2022, Croda International Plc announced a partnership with CAMBRIDGE UNIVERSITY-backed Xampla to develop next generation, biodegradable, microplastic-free seed coatings.
Recent strategic developments in agricultural coatings market
The agricultural coatings market has undergone several significant developments, and a few of these have been mentioned below:
In 2022, ICL launched groundbreaking biodegradable coated fertilizer technology.
In 2021, Sylacauga-based Pursell and Montreal-based Sollio Agriculture announced a joint venture to build and operate an advanced controlled-release fertilizer coating plant in St. Thomas, Ontario.
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Agricultural Coatings Market 2022 - 2030 report offers insights into the newest growth and trends.It summarizes crucial aspects of the market, with target on leading key player’s areas that have witnessed the highest demand, leading regions and operations. Agricultural Coatings market 2022 - 2030 offers qualitative as well as quantitative information data relating to the factors, challenges, and opportunities that may define the expansion of the market over the forecast period. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.In this report, the market has been segmented on the basis of:
The Agricultural Coatings Market 2022 - 2030 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.
The report segments the Agricultural Coatings Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the Agricultural Coatings Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
The report provides the current market size for Agricultural Coatings, defines trends and presents growth forecasts for nine years from 2022 to 2030. 2020 is considered as the base year, and 2022 to 2030 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analysed by the supply side, considering the market penetration of Agricultural Coatings Market for all the regions globally.
The global Agricultural Coatings Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Reason to buy this report: • Understand the Current and future of the Agricultural Coatings Market in both Established and rising markets.• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
• The latest developments within the Agricultural Coatings market and details of the industry leaders alongside their market share and methods.• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.
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