Global Agricultural Coatings Market to reach USD 5.73 billion by 2027.Global Agricultural Coatings Market is valued approximately USD 3.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2021-2027. Agricultural coatings refers to the process of covering seeds with low amounts of exogenous materials which is gaining attention as an efficient delivery system for PBM. Sustainable approach to mitigate environmental and health risks, environment-friendly coating systems and increasing investment in Agri-sector has led the adoption of Agricultural Coatings across the forecast period. Rising investment to yield maximum productivity and durability increase the demand for agricultural coating. For instance, as per the IBEF, Government of India allocated 15.34$ million in FY 2019-20 for soil health card scheme to boost organic farming. However, stringent and time-consuming regulatory policies impede the growth of the market over the forecast period of 2021-2027. Also, with growing investments in emerging markets, the adoption & demand for Agricultural Coatings is likely to increase the market growth during the forecast period.
The global Agricultural Coatings market is considered for the regions Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is a significant region across the world in terms of market share owing to adoption of technological advancement in agricultural farming. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income and need of high yield of crop create profitable growth prospects for the Agricultural Coatings market across Asia-Pacific region.
Major market player included in this report are:
Basf se
sensient technologies corporation
Bayer ag
Clariant ag
Croda international plc
Michelman incorporated
Germains seed technology
milliken chemicals
Precision laboratories
Pursell agri-tech
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Resin type:
Fertilizer coatings
Seed coatings
Pesticide coatings
By Application:
Insecticides
Herbicides
Fungicides
Rodenticides
Other pesticide coatings
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Agricultural Coatings Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors