Market Scope

Market Research Future (MRFR) expects the agricultural coatings market to thrive at a rate of 7.87% between 2022 and 2030.

Major Boosters and Restraints

Agricultural coatings have been seeing a significant rise in their demand owing to the surging need to bolster agricultural output, and protect crops from diseases and pests. The need for flowability and ease of handling, and the emerging trend of quality consciousness among farmers also elevate the adoption of these coatings. It all comes down to the burgeoning demand for food among the ever-expanding population, which pushes farmers to focus on enhancing farm yields. This should be extremely favorable for the agricultural coatings industry in the long run.

Farmers, coupled with consumers, are now more than willing to shell out huge amounts for quality seeds, as well as advanced fertilizers for better yield. Moreover, the innovations in farming techniques, as well as the applications of fertilizer, pesticide, and commercial seed technology, will create further demand for agricultural coatings in the years ahead.

The extensive deployment of fertilizers, particularly sulfur, is now extremely common in China, India, and various emerging markets such as Indonesia and Thailand. Therefore, the Asia Pacific market will hold a major position in the years to come. The rise in the use of fertilizers owing to the surging applications in advanced systems and precision farming will further propel the market position.

Segmental Review 

The key categories covered in the market report include Fertilizer Coatings, Pesticide Coatings, and Seed Coatings. The seed coating segment is leading the agricultural coatings industry due to the surging technological innovations in seed technologies.

The various types of agricultural coatings include Colorants, Pellets, and Polymers. Polymers form the top segment in the agricultural coatings market since these are easy to use and help enhance the crops’ shelf life and are easy to handle.

Major coating types are Powder Coating as well as Liquid Coating. Powder Coating clinches the leading spot as these are cheaper and easier to use.

The top applications of agricultural coatings are Agricultural Tools, Agricultural Machinery, Agricultural Vehicles, and more. The agricultural machinery segment heads the agricultural coatings industry while the agricultural vehicle segment will capture the highest growth rate in the years to follow.

Major end-users are Herbicides, Insecticides, Rodenticides, Fungicides, and more.

Regional Insight

North America generates substantial demand for disease-resistant, high-yielding crops, which ultimately bolsters the need for agricultural coatings in the region. This is one of the many reasons for the region’s eminent position in the worldwide market. Deployment of chemicals to control weeds, fungi and insects has been surging rapidly in the region, which is yet another factor inducing growth in the North American market. Another important factor can be the rising use of genetically modified crops along with the emergence of new diseases and pests. The American Seed Trade Association (ASTA) reveals that in 2021, there were more than 765 seed companies present in the US, making the country a highly lucrative market for seed coating in the region.

The Asia Pacific can presumably capture the highest expansion rate in the years ahead, given the many emerging nations with huge populations present in the region. Prime examples of such countries can be China and India.  

Renowned Firms

Some of the key agricultural coatings market players are Pursell Agri-tech (US), Clariant Technologies (Germany), Evonik Industries (Germany), Aakash Chemicals, Milliken Chemical (US), BASF SE (Germany), Novochem Group (Netherlands), Dorfketal (India), Deltachem (Germany), Israel Chemicals Ltd (Israel), Sensient Technologies (US), Croda International Plc (UK), Germains Seed Technology (UK), Arkema (France), Mosaic (US), Nutrien Ltd (Canada), Bayer AG (Germany), Encapsys LLC (US), Precision Laboratories (US), SQM (Chile), and many others.

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