The agricultural coatings market refers to the industry involved in producing protective coatings for various agricultural applications. These coatings are designed to protect crops, equipment, and structures from environmental factors such as sunlight, moisture, and pests, as well as to enhance their durability and performance. The agricultural coatings market size is expected to expand at a compound annual growth rate (CAGR) of 7.3% between 2021 and 2026, from an estimated $3.7 billion in 2021. It is anticipated that the global market would expand significantly, with a projected value of $5.3 billion by 2026.
How does precision agriculture utilize coating technology and release patterns in controlled-release fertilizers?
Precision agriculture takes a high-tech approach to growing crops. It uses specialized equipment and sensors to gather information about specific areas of a field. This allows farmers to tailor fertilizer and water application to the exact needs of each location, reducing waste and maximizing efficiency.
Precision agriculture works in three steps:
This approach not only improves crop yields but also promotes sustainability. By using only the necessary resources, precision agriculture helps prevent nutrients from leaching out of the soil or accumulating in harmful concentrations. Controlled-release fertilizers, which release nutrients slowly over time, are a key part of precision agriculture, especially for the fertigation method (applying fertilizer through irrigation systems). Information about the fertilizer’s release patterns and coating technology can be factored into the analysis, allowing for highly accurate recommendations for nutrient requirements, application rates, and mixing ratios within the fertigation system.
Factors Driving the Agricultural Coatings Market Growth
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North America Holds Largest Agricultural Coatings Market Share
The agricultural coatings industry in the region is being propelled by increasing demand for high-yielding, disease-resistant crops, both domestically and in export markets. North America predominantly cultivates cereals & grains, fruits, vegetables, oilseeds & pulses, and crops for non-food purposes. Cereals & grains such as wheat, rice, barley, corn, sorghum, and oats, which require substantial protection, are the primary crops grown in the region. Agriculture in North America is highly mechanized, supported by an integrated network of agribusinesses. While technology adoption is widespread among farmers and ranchers, some still employ animal power for cultivation. Monoculture is prevalent in North America, leading to nutrient depletion and increased susceptibility to plant diseases. This trend has prompted farmers to prioritize innovation for enhancing seed performance.
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Agricultural Coatings Industry News
Top Agricultural Coatings Companies
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).