Global Agricultural Coatings Market Expansion at 8.8% CAGR, Valued at $6.32 Billion by 2029

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What Are the Agricultural Coatings Market Size Forecast for 2025?
In recent times, there has been a significant expansion in the size of the agricultural coatings market. It is predicted to increase from $4.17 billion in 2024, to a valuation of $4.5 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.8%. The rise observed during the historic period is credited to the growing need for crop protection, the enforcement of regulatory standards, improved productivity, global agricultural trends, as well as the market expansion itself.

What Is the Market Size Outlook for Agricultural Coatings Until 2029?
The market size of agricultural coatings is predicted to experience significant expansion in the upcoming years, escalating to a value of $6.32 billion in 2029, with a compound annual growth rate (CAGR) of 8.8%. This growth through the forecast period could be credited to factors like adoption of sustainable farming practices, adaptation to climate changes, the use of organic and bio-based coatings, worldwide population growth, market novelties, and scientific research. The upcoming trends for this period encompass the emergence of advanced technology and formulation, green and sustainable solutions, incorporation of precision farming, intelligent coating, and integration of Internet of Things (IoT), customized to suit diverse agricultural purpose.

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What Are the Major Factors Driving Demand in the Agricultural Coatings Market?
The growth of the agricultural coatings market is anticipated to be propelled by escalating crop production. The rise in crop production involves the expansion and harvesting of plantlife for purposes of food, fiber, and various agricultural products. This increase can be attributed to various influencing factors such as population growth, food security, and socio-economic progression. Coatings specifically engineered for a slow release of nutrients ensures plants get the crucial elements like nitrogen, phosphorus, and potassium throughout their growth, enhancing nutrient absorption and minimizing waste and thus leading to improved crop growth. For instance, in June 2024, the Department for Environment Food & Rural Affairs, a UK government Department, reported that in 2023, the highest value rise in a crop item was observed in potatoes, which experienced an increase by £237 million ($296.25 million), or 30.8% from 2022, raising the total to £1,005 million ($1.26 billion) in 2023. Therefore, the upward trend in crop production is fostering the development of the agricultural coatings market.

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How Are End-Use Segments Shaping the Agricultural Coatings Market Outlook?
The agricultural coatings market covered in this report is segmented -

1) By Category: Seed Coatings, Fertilizer Coatings, Pesticide Coatings
2) By Coating: Polymers, Colorants, Pellets
3) By Coating Type: Powder Coating, Liquid Coating
4) By Application: Agricultural Vehicles, Agricultural Machinery, Agricultural Tools, Other Applications
5) By End use: Insecticides, Herbicides, Fungicides, Rodenticides, Other Pesticide Coatings

Subsegments:
1) By Seed Coatings: Coloring Agents, Fungicides, Insecticides, Nutritional Coatings, Polymer Coatings
2) By Fertilizer Coatings: Controlled-Release Coatings, Slow-Release Coatings, Water-Soluble Coatings
3) By Pesticide Coatings: Microencapsulation Coatings, Controlled-Release Coatings, Liquid Coatings

What Are the Strategic Trends Transforming the Agricultural Coatings Market Landscape?
The progression of technology is a prominent trend in the agricultural coatings market. Key players in this market are putting their efforts into debuting progressive and advanced technological solutions to solidify their market standing. Germains Seed Technology, a seed technology solution provider from the UK, for instance, introduced Spinach Goseed in March 2022. This nutrient-dense coating technology and bio-stimulant is specifically engineered for reinforcing spinach's ability to efficiently cope with abiotic stress. Spinach Goseed aims to boost initial plant nutrition from the point of emergence to the early growth stages, ensuring the plant's ability to thrive in various growth conditions. The multiple trials conducted saw an increase in final yields by approximately 21%, a 30% improvement in plant stand, and a 31% increase in emergence using spinach goseed. The adoption of this technology means the company is embracing the future of seed health tech solutions, which provide more natural options for supporting plants by merging carefully selected nutrients with bio-stimulants and additional micro-components.

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Who Are the Prominent Companies in the Agricultural Coatings Market by ?
Major companies operating in the agricultural coatings market include BASF SE, Bayer AG, Clariant International Ltd., Croda International Plc, Sensient Technologies Corporation, Germains Seed Technology Ltd., Precision Laboratories LLC, Pursell Agri-Tech LLC, The Arkema Group, Michelman Inc., Huntsman Corporation, Momentive Performance Materials Inc., Eastman Chemical Company, The Dow Chemical Company, Akzo Nobel N.V., Magna International, Aisin Corporation, Continental AG, Brose Fahrzeugteile SE & Co. KG, Johnson Electric Holdings Ltd., Huf Hülsbeck & Furst GmbH & Co., Plastic Omnium Group, Stabilus GmbH, Faurecia SE, Autoease Technology

Which Region Is Expected to See the Highest CAGR in the Agricultural Coatings Market?
North America was the largest region in the agricultural coatings market in 2024. The regions covered in the agricultural coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This release was published on openPR.