The global agricultural coatings market is expected to be worth USD 3.7 billion in 2021 and USD 5.3 billion by 2026, rising at a CAGR of 7.3% in terms of value during the forecast period. The market for agricultural coatings is developing dramatically due to rising agricultural production demand, pest and disease protection, the necessity for ease of handling and flowability, and farmers' growing quality consciousness. The ever-increasing population's desire for food has put tremendous pressure on farmers to enhance farm yields, paving the path for the adoption of agricultural coatings.

Some of the current trends in the Agricultural Coatings market:

1. Increasing demand for eco-friendly coatings: There is a growing demand for environmentally friendly coatings in the agricultural industry, as farmers and growers become more aware of the impact of their practices on the environment. Agricultural coatings that are biodegradable, sustainable, and safe for use on crops and soil are becoming increasingly popular.
2. Rising demand for precision farming: Precision farming practices involve the use of technology to manage crops more efficiently, such as using drones to survey fields and monitor crop growth. Agricultural coatings that can be applied in a precise manner are becoming more popular to support these practices.
3. Growing need for crop protection: The use of agricultural coatings for crop protection is becoming increasingly important in the face of climate change and the increasing prevalence of pests and diseases. Coatings that can protect crops from environmental stressors, pests, and disease are in high demand.
4. Innovation in coating technology: Manufacturers are investing in research and development to create coatings that are more effective, efficient, and sustainable. New formulations of agricultural coatings that offer better performance, improved durability, and increased longevity are emerging.
5. Increasing demand for food safety: Consumers are becoming more aware of the importance of food safety and the impact of agricultural practices on their health. Agricultural coatings that are safe for use on food crops and that do not pose a risk to human health are in high demand.

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There are several drivers of growth in the Agricultural Coating Market. Here are some of the key factors driving the growth of the market:

1. Increasing demand for high-quality crops: With a growing global population, the demand for high-quality crops is increasing. Agricultural coatings can help protect crops from pests, disease, and environmental stressors, ensuring that they are healthy and of high quality.
2. Growing need for environmentally friendly products: Consumers are becoming more aware of the impact of agricultural practices on the environment. As a result, there is a growing demand for agricultural coatings that are biodegradable, sustainable, and safe for the environment.
3. Rising popularity of precision farming practices: Precision farming involves the use of technology to manage crops more efficiently. Agricultural coatings that can be applied in a precise manner are becoming more popular to support these practices.
4. Technological advancements in coating formulations: Innovations in coating technology have led to the development of new formulations that offer improved performance, durability, and longevity. These advancements have contributed to the growth of the Agricultural Coating market.
5. Increasing prevalence of pests and diseases: Climate change and other environmental factors have led to an increase in the prevalence of pests and diseases in crops. Agricultural coatings can help protect crops from these stressors, contributing to their growth and health.
6. Growing demand for food safety: Consumers are becoming more concerned about the safety of their food. Agricultural coatings that are safe for use on food crops and do not pose a risk to human health are in high demand.

The increase in the demand for high-yielding and disease-resistant crops from both domestic markets as well as export destinations are some of the key drivers of the seed coatings market in the region. The North American region mostly cultivates crops such as cereals & grains, fruits, vegetables, oilseeds & pulses, and also plants for clothing and other non-food uses. The region mainly grows cereals & grains, such as wheat, rice, barley, corn, sorghum, and oats, which demand more protection. In North America, agriculture is heavily mechanized with an integrated system of supporting agribusinesses. Especially in the US and Canada, most farmers and ranchers have adopted technology, although few groups continue to use animal power for cultivation purposes. Monoculture is popularly practiced in the North American zones. This results in the nutrient deterioration of nitrogen and phosphates in the soil. And also, there is a high possibility of diseases affecting a single species of plants. This has created awareness among the farmers regarding innovation with respect to the improvement of seed performance.

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Key players in this market include 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).