Market Highlights
The global Agricultural Coatings market isprojected to grow at a CAGR of 7.87% during the forecast period.
Agricultural coatings are substances andchemicals that are used to help a wide range of machines, vehicles, and
equipment. They are traditionally used in two ways: as a lubricant to help keep
things running smoothly, and also to eradicate problems with pesticides or
other substances. They help reduce wear-and-tear and keep components from
moving too quickly or unexpectedly, while also protecting them from the harsh
environment they often operate in. It is anticipated that the market for
agricultural coatings is set to experience growth as the demand for these
chemicals increases in developing economies. This is mainly due to the rising
need and growing population of developing countries, which require more crop
production for food and feed. Moreover, multiple factors will make the
agrochemical market grow. There is high demand for these products and more
focus on protecting the crops from pests and diseases. This will lead to better
quality seeds being grown, which will eventually contribute to further
expansion of the market.
The outbreak of COVID-19 has affected theAgricultural Coatings market in many ways. Manufacturers and sellers in the
market have been facing numerous production issues, including non-availability
of raw materials, factory shutdowns, and shortage of resources. Additionally,
the spread of COVID-19 has disrupted the supply chain majorly across
ecosystems. However, the demand for essential products is increasing. These
coatings are considered an essential product, the market will experience
continuous demand. Owing to this, the market has been less affected by the
COVID- 19 in terms of demand and is anticipated to witness a major demand in
the forecast period.
Key Players
Some of the key players in agriculturalcoatings market are BASF SE (Germany), Bayer AG (Germany), Clariant
Technologies (Germany), Croda International Plc (UK), Sensient Technologies
(US), Germains Seed Technology (UK), Milliken Chemical (US), Precision
Laboratories (US), Pursell Agri-tech (US), Novochem Group (Netherlands),
Dorfketal (India), Deltachem (Germany), Israel Chemicals Ltd (Israel), Arkema
(France), SQM (Chile), Mosaic (US), Nutrien Ltd (Canada), Aakash Chemicals,
Evonik Industries (Germany) and Encapsys LLC (US)
Segmental Analysis
The global AgriculturalCoatings market size has been segmented based on Category, Coatings,Coating Type, Application, End-Use, and region.
By Category, the market has been segmented into Seed Coatings, FertilizerCoatings, and Pesticide Coatings. The Seed Coating segment holds the largest
market share in the global Agricultural Coatings market revenue for the year
2020. The surging agricultural sector and the introduction of new technologies
in the field of seed coating have led the segment to expand at a substantial
rate.
Based on type, the market has been segmented into Polymers, Colorants, and Pellets.The Polymers segment holds the largest market share in the global Agricultural
Coatings market for the year 2020. Polymers provide improved shelf life and
ease of handling. Polymers require less water and result in less settling out
of components, which means that there are fewer storage losses. Polymers also
offer better seedling establishment as they can be placed onto the soil,
instead of being buried like peat moss.
By Coating Type, the global AgriculturalCoatings market trends has been segmented into Powder Coating and LiquidCoating. The powder coating segment holds the largest market share in the
market for the year 2020. Powder coating is more flexible than liquid coating
and limits the chances for mistakes by only requiring one coat.
By Application, the global Agricultural Coatings market analysis has been segmentedas Agricultural Vehicles, Agricultural Machinery, Agricultural Tools, and
Others. The Agricultural machinery holds the largest market share in the global
Agricultural Coatings market share for the year 2020. However, The Agricultural
Vehicle segment is expected to experience the highest growth in the forecasted
period
By End-Use, theglobal Agricultural Coatings market has been segmented as Insecticides,
Herbicides, Fungicides, Rodenticides, and Other Pesticide Coatings. The
Insecticides segment held the largest market share in the global Agricultural
Coatings market for the year 2020 this is because a substantial amount of time
and effort is being invested in research and development for new insecticides.
With the cost of materials going up, there will be a greater push towards
microencapsulated insecticides in the coming years.
Regional Analysis
Geographically, the global AgriculturalCoatings market has been categorized as North America, Europe, Asia-Pacific,
South America, and Middle East & Africa. As per analysis, North America
constituted a dominant share of the Agricultural Coatings market in 2020 and Asia
Pacific is expected to grow with the highest CAGR during the forecast period
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and wherever required we will be considering Covid19 Footprints for Better
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