Table of Content

1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 28
1.3 STUDY SCOPE 28
FIGURE 1 AGRICULTURAL COATINGS MARKET SEGMENTATION 28
FIGURE 2 REGIONAL SEGMENTATION 29
1.4 INCLUSIONS & EXCLUSIONS 29
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED 30
TABLE 1 USD EXCHANGE RATES, 2015–2019 31
1.7 VOLUME UNITS CONSIDERED 31
1.8 STAKEHOLDERS 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 3 AGRICULTURAL COATINGS MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 34
2.1.2.1 Key industry insights 34
2.1.2.2 Breakdown of primary interviews 35
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 35
2.2 MARKET SIZE ESTIMATION 36
2.2.1 AGRICULTURAL COATINGS MARKET SIZE ESTIMATION – SUPPLY SIDE 36
2.2.2 AGRICULTURAL COATINGS MARKET SIZE ESTIMATION – DEMAND SIDE 37
2.2.3 TOP-DOWN APPROACH 37
FIGURE 5 AGRICULTURAL COATINGS MARKET: TOP-DOWN APPROACH 37
2.2.4 BOTTOM-UP APPROACH 38
FIGURE 6 AGRICULTURAL COATINGS MARKET: BOTTOM-UP APPROACH 38
2.3 GROWTH RATE FORECAST ASSUMPTION 39
2.4 DATA TRIANGULATION 39
FIGURE 7 DATA TRIANGULATION 39
2.5 RESEARCH ASSUMPTIONS 40
2.6 RESEARCH LIMITATIONS & ASSOCIATED RISKS 41
2.7 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 41
2.7.1 SCENARIO-BASED MODELLING 42
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2.8 COVID-19 HEALTH ASSESSMENT 42
FIGURE 8 COVID-19: GLOBAL PROPAGATION 42
FIGURE 9 COVID-19 PROPAGATION: SELECT COUNTRIES 43
2.9 COVID-19 ECONOMIC ASSESSMENT 44
FIGURE 10 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 44
2.9.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 45
FIGURE 11 CRITERIA IMPACTING THE GLOBAL ECONOMY 45
FIGURE 12 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 46
3 EXECUTIVE SUMMARY 48
FIGURE 13 AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY,
2021 VS. 2026 (USD MILLION) 49
FIGURE 14 SEED COATINGS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 49
FIGURE 15 FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 50
FIGURE 16 PESTICIDE COATINGS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 50
FIGURE 17 AGRICULTURAL COATINGS MARKET SHARE (VALUE), BY REGION, 2020 51
3.1 IMPACT OF COVID-19 ON THE AGRICULTURAL COATINGS MARKET SIZE, BY SCENARIO 52
FIGURE 18 SCENARIO-BASED MODELLING, AGRICULTURAL COATINGS MARKET,
2021–2026 (USD MILLION) 52
4 PREMIUM INSIGHTS 53
4.1 OVERVIEW OF THE AGRICULTURAL COATINGS MARKET 53
FIGURE 19 INCREASE IN NEED FOR QUALITY AGRICULTURAL INPUTS SUPPORTS THE GROWTH OF THE AGRICULTURAL COATINGS MARKET 53
4.2 NORTH AMERICA: AGRICULTURAL COATINGS MARKET, BY KEY COUNTRY & CATEGORY 54
FIGURE 20 NORTH AMERICA: THE US WAS ONE OF THE MAJOR CONSUMERS ACROSS THE GLOBE IN 2020 54
4.3 PESTICIDE COATINGS MARKET, BY APPLICATION 54
FIGURE 21 INSECTICIDES WERE THE MOST PREFERRED APPLICATIONS FOR PESTICIDE COATINGS IN 2020 54
4.4 SEED COATINGS MARKET, BY TYPE 55
FIGURE 22 POLYMERS DOMINATED THE SEED COATINGS MARKET IN 2020 55
4.5 FERTILIZER COATINGS MARKET, BY TYPE 55
FIGURE 23 POLYMER-COATED FERTILIZERS DOMINATED FERTILIZER COATINGS MARKET IN 2020 55
4.6 AGRICULTURAL COATINGS MARKET: MAJOR REGIONAL SUBMARKETS 56
FIGURE 24 ASIAN COUNTRIES ARE PROJECTED TO WITNESS HIGH GROWTH DURING THE FORECAST PERIOD 56
4.7 COVID-19 ECONOMIC IMPACT ON AGRICULTURAL COATINGS MARKET 56
FIGURE 25 PRE AND POST COVID-19 IMPACT ON AGRICULTURAL COATINGS MARKET DURING THE FORECAST PERIOD (USD MILLION) 56
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5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MACROECONOMIC INDICATORS 58
5.2.1 INTRODUCTION 58
5.2.1.1 Growth in the usage of commercial seeds 58
FIGURE 26 MAJOR SEED-PRODUCING COUNTRIES IN THE GLOBAL MARKET, 2015 58
FIGURE 27 EUROPE: TOP FIVE SEED PRODUCING COUNTRIES, 2013–2016 (?000 HA) 59
5.2.1.2 Increase in application rates of fertilizers in developing countries 59
FIGURE 28 NITROGEN FERTILIZER APPLICATION RATE IN KEY AGRICULTURAL MARKETS, 2014–2018 (KG/HA) 60
5.2.1.3 Growth in market demand for high-value crops 60
FIGURE 29 GLOBAL AREA HARVESTED UNDER IMPORTANT HIGH-VALUE CROPS,
2014–2017 (MILLION HA) 60
5.3 MARKET DYNAMICS 61
FIGURE 30 AGRICULTURAL COATING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 61
5.3.1 DRIVERS 62
5.3.1.1 Sustainable approach to mitigate environmental and health risks 62
5.3.1.2 Need for seed enhancement and protection through seed treatment technologies to compliment seed coatings 62
TABLE 2 IMPACT OF KEY DRIVERS ON THE SEED COATING MARKET 63
5.3.1.3 Seed coatings would support agricultural productivity on marginal lands 63
FIGURE 31 ANNUAL AVAILABILITY OF ARABLE LAND, 1950–2020 (HA/PERSON) 63
5.3.1.4 Increase in the seed replacement rate to drive the adoption of coated commercial seeds 64
5.3.1.5 Favorable government policies and regulations 64
5.3.2 RESTRAINTS 64
5.3.2.1 High costs involved in the agricultural coating process 64
5.3.2.2 Subsidies on fertilizers provided by the government of developing economies 65
5.3.3 OPPORTUNITIES 65
5.3.3.1 Development of biodegradable seed coatings to reduce environmental pollution 65
5.3.3.2 Crop-specific nutrient management through precision farming 66
5.3.4 CHALLENGES 66
5.3.4.1 Unorganized new entrants with a low profit-to-cost ratio 66
5.3.4.2 Improper management and lack of awareness of controlled-release fertilizers 66
5.3.5 IMPACT OF THE COVID-19 PANDEMIC ON THE AGRICULTURAL COATINGS INDUSTRY 67
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6 INDUSTRY TRENDS 68
6.1 REGULATIONS 68
6.1.1 NORTH AMERICA 68
6.1.1.1 US 68
6.1.1.1.1 Product registration for pesticides in the US 69
6.1.1.1.2 Regulatory framework for fertilizers 69
6.1.1.2 Canada 70
6.1.2 EUROPE 70
6.1.3 ASIA PACIFIC 70
6.1.3.1 Australia 70
6.1.3.2 China 71
6.1.4 ROW 72
6.1.4.1 Israel 72
6.2 PATENT ANALYSIS 72
FIGURE 32 NUMBER OF PATENTS APPROVED FOR AGRICULTURAL COATINGS IN THE MARKET, 2016–2020 72
FIGURE 33 REGIONAL ANALYSIS OF PATENTS APPROVED IN THE AGRICULTURAL COATINGS MARKET, 2016–2020 73
TABLE 3 LIST OF KEY PATENTS FOR SEED COATINGS, 2016–2020 73
6.3 MARKET ECOSYSTEM 78
TABLE 4 AGRICULTURAL COATINGS MARKET: ROLE IN ECOSYSTEM 78
FIGURE 34 SUPPLY CHAIN ECOSYSTEM 78
6.3.1 UPSTREAM 79
6.3.1.1 Major agricultural coating providers 79
6.3.2 DOWNSTREAM 79
6.3.2.1 Regulatory bodies & certification providers 79
6.4 VALUE CHAIN ANALYSIS 80
6.4.1 RESEARCH & PRODUCT DEVELOPMENT 80
6.4.2 AGRICULTURAL COATING MANUFACTURERS 80
6.4.3 DISTRIBUTORS 80
6.4.4 RETAILERS 80
FIGURE 35 VALUE CHAIN ANALYSIS 81
6.5 YC-YCC SHIFTS IN THE AGRICULTURAL COATINGS MARKET 81
FIGURE 36 DEMAND FOR HIGH-QUALITY AGRICULTURAL INPUTS SUCH AS MULTI-TRAIT HYBRID SEEDS FOR IMPROVING FOOD QUALITY IS THE NEW HOT BET IN THE MARKET 81
6.6 TECHNOLOGY ANALYSIS 82
6.6.1 NEW FERTILIZER COATING TECHNOLOGY 82
6.7 CASE STUDIES 82
6.7.1 DEMAND FOR BIOLOGICAL SEED COATING SOLUTIONS 82
6.7.1.1 Problem statement 82
6.7.1.2 Solution offered 82
6.7.1.3 Outcome 82
6.8 PRICING ANALYSIS 83
FIGURE 37 AVERAGE PRICE TRENDS OF FERTILIZER COATINGS, 2016–2020 (USD/TON) 83
6.9 PORTER?S FIVE FORCES ANALYSIS 83
TABLE 5 AGRICULTURAL COATINGS MARKET: PORTER?S FIVE FORCES ANALYSIS 83
6.9.1 THREAT OF NEW ENTRANTS 84
6.9.2 THREAT OF SUBSTITUTES 84
6.9.3 BARGAINING POWER OF SUPPLIERS 84
6.9.4 BARGAINING POWER OF BUYERS 84
6.9.5 INTENSITY OF COMPETITIVE RIVALRY 84
6.10 TRADE ANALYSIS 85
6.10.1 EXPORT SCENARIO: SEEDS FOR SOWING 85
FIGURE 38 SOYBEAN SEED EXPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 85
FIGURE 39 WHEAT SEED EXPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 86
FIGURE 40 CORN SEED EXPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 86
FIGURE 41 VEGETABLE SEED EXPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 87
6.10.2 IMPORT SCENARIO: SEEDS FOR SOWING 87
FIGURE 42 SOYBEAN SEED IMPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 87
FIGURE 43 WHEAT SEED IMPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 88
FIGURE 44 CORN SEED IMPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 88
FIGURE 45 VEGETABLE SEED IMPORTS, BY KEY COUNTRY, 2012–2019 (USD MILLION) 89
7 AGRICULTURAL COATINGS MARKET, BY CATEGORY 90
7.1 INTRODUCTION 91
TABLE 6 AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY,
2017–2020 (USD MILLION) 91
TABLE 7 AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY,
2021–2026 (USD MILLION) 91
7.1.1 OPTIMISTIC SCENARIO 92
TABLE 8 OPTIMISTIC SCENARIO: AGRICULTURAL COATINGS MARKET SIZE,
BY CATEGORY, 2018–2021 (USD MILLION) 92
7.1.2 REALISTIC SCENARIO 92
TABLE 9 REALISTIC SCENARIO: AGRICULTURAL COATINGS MARKET SIZE,
BY CATEGORY, 2018–2021 (USD MILLION) 92
7.1.3 PESSIMISTIC SCENARIO 92
TABLE 10 PESSIMISTIC SCENARIO: AGRICULTURAL COATINGS MARKET SIZE,
BY CATEGORY, 2018–2021 (USD MILLION) 92
7.2 FERTILIZER COATINGS 93
7.2.1 CONTROLLED-RELEASE FERTILIZERS ARE EFFICIENT ALTERNATIVES BECAUSE OF THEIR LOW IMPACT ON THE ENVIRONMENT 93
TABLE 11 FERTILIZER COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 93
TABLE 12 FERTILIZER COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 93
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7.3 SEED COATINGS 94
7.3.1 SEED COATING PROTECTS THE SEEDS AND BREAKS DOWN ONLY WHEN THE SOIL TEMPERATURE IS OPTIMAL FOR GERMINATION 94
TABLE 13 SEED COATINGS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 94
TABLE 14 SEED COATING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 94
7.4 PESTICIDE COATINGS 95
7.4.1 THE SAVINGS FROM REDUCED PESTICIDES WASTAGE AND LABOR COSTS INCREASE THE GROWERS’ RETURNS 95
TABLE 15 PESTICIDE COATINGS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION) 95
TABLE 16 PESTICIDE COATINGS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 95
8 SEEDS COATING MARKET, BY TYPE 96
8.1 INTRODUCTION 97
TABLE 17 SEED COATINGS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 97
TABLE 18 SEED COATINGS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 97
8.2 COVID-19 IMPACT ON THE SEED COATINGS MARKET 98
8.2.1 OPTIMISTIC SCENARIO 98
TABLE 19 OPTIMISTIC SCENARIO: SEED COATINGS MARKET SIZE, BY TYPE,
2018–2021 (USD MILLION) 98
8.2.2 REALISTIC SCENARIO 98
TABLE 20 REALISTIC SCENARIO: SEED COATINGS MARKET SIZE, BY TYPE,
2018–2021 (USD MILLION) 98
8.2.3 PESSIMISTIC SCENARIO 99
TABLE 21 PESSIMISTIC SCENARIO: SEED COATINGS MARKET SIZE, BY TYPE,
2018–2021 (USD MILLION) 99
8.3 POLYMERS 99
8.3.1 POLYMERS ARE WIDELY USED IN SEED COATINGS AS THEY OFFER MULTIPLE BENEFITS 99
TABLE 22 POLYMER: SEED COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 99
TABLE 23 POLYMER: SEED COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 100
8.4 COLORANTS 100
8.4.1 COLORANTS ENHANCE THE APPEARANCE OF SEEDS 100
TABLE 24 SEED COLORANTS: COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 101
TABLE 25 SEED COLORANTS: COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 101
8.5 PELLETS 101
8.5.1 PELLETING INCREASES THE WEIGHT OF THE SEED, THEREBY IMPROVING THE PLANTABILITY 101
TABLE 26 PELLETS: SEED COATING MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 102
TABLE 27 PELLETS: SEED COATING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 102
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8.6 OTHER SEED COATING MATERIALS 102
8.6.1 ADDITIVES IMPROVE CROP VIABILITY AND YIELD 102
TABLE 28 OTHER SEED COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 103
TABLE 29 OTHER SEED COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 103
9 FERTILIZER COATINGS MARKET, BY TYPE 104
9.1 INTRODUCTION 105
TABLE 30 FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 105
TABLE 31 FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 106
TABLE 32 FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2017–2020 (KT) 106
TABLE 33 FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2021–2026 (KT) 106
9.2 COVID-19 IMPACT ON THE FERTILIZER COATINGS MARKET 107
9.2.1 OPTIMISTIC SCENARIO 107
TABLE 34 OPTIMISTIC SCENARIO: FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 107
TABLE 35 OPTIMISTIC SCENARIO: FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2018–2021 (KT) 107
9.2.2 REALISTIC SCENARIO 108
TABLE 36 REALISTIC SCENARIO: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2018–2021 (USD MILLION) 108
TABLE 37 REALISTIC SCENARIO: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2018–2021 (KT) 108
9.2.3 PESSIMISTIC SCENARIO 108
TABLE 38 PESSIMISTIC SCENARIO: FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION) 108
TABLE 39 PESSIMISTIC SCENARIO: FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2018–2021 (KT) 109
9.3 POLYMER COATINGS 109
9.3.1 THE NEED FOR CULTIVATING HIGH-VALUE CROPS HAS LED TO A SURGE IN DEMAND FOR POLYMER-COATED FERTILIZERS 109
TABLE 40 POLYMERS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 110
TABLE 41 POLYMERS: FERTILIZER COATING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 110
TABLE 42 POLYMERS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2017–2020 (KT) 110
TABLE 43 POLYMERS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2021–2026 (KT) 111
9.4 COLORANTS 111
9.4.1 INCREASED USE OF FERTILIZERS IS PROJECTED TO DRIVE THE USE OF FERTILIZER COLORANTS 111
TABLE 44 COLORANTS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 111
TABLE 45 COLORANTS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 112
TABLE 46 COLORANTS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2017–2020 (KT) 112
TABLE 47 COLORANTS: FERTILIZER COATINGS MARKET SIZE, BY REGION,
2021–2026 (KT) 112
9.5 OTHER FERTILIZER COATINGS 113
TABLE 48 OTHER FERTILIZER COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 113
TABLE 49 OTHER FERTILIZER COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 113
TABLE 50 OTHER FERTILIZER COATINGS MARKET SIZE, BY REGION, 2017–2020 (KT) 114
TABLE 51 OTHER FERTILIZER COATINGS MARKET SIZE, BY REGION, 2021–2026 (KT) 114
10 PESTICIDE COATINGS MARKET, BY APPLICATION 115
10.1 INTRODUCTION 116
TABLE 52 PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 116
TABLE 53 PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 116
10.2 COVID-19 IMPACT ON THE PESTICIDE COATINGS MARKET 117
10.2.1 OPTIMISTIC SCENARIO 117
TABLE 54 OPTIMISTIC SCENARIO: PESTICIDE COATINGS MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION) 117
10.2.2 REALISTIC SCENARIO 117
TABLE 55 REALISTIC SCENARIO: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION) 117
10.2.3 PESSIMISTIC SCENARIO 118
TABLE 56 PESSIMISTIC SCENARIO: PESTICIDE COATINGS MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION) 118
10.3 INSECTICIDES 118
10.3.1 THE INSECTICIDE FORMULATIONS ARE ENCLOSED IN A POLYMERIC WALL, PROTECTING THE ACTIVE INGREDIENT 118
TABLE 57 INSECTICIDE COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 118
TABLE 58 INSECTICIDE COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 119
10.4 HERBICIDES 119
10.4.1 MICROENCAPSULATED HERBICIDES IN EXTREMELY SMALL CAPSULES CAN BE SUSPENDED IN A LIQUID CARRIER AND APPLIED WITH CONVENTIONAL EQUIPMENT 119
TABLE 59 HERBICIDE COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 120
TABLE 60 HERBICIDE COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 120
10.5 FUNGICIDES 121
10.5.1 THE ENCAPSULATION TECHNOLOGY ENABLES THE FUNGICIDE TO WORK FAST AND EFFECTIVELY 121
TABLE 61 FUNGICIDE COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 121
TABLE 62 FUNGICIDE COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 121
10.6 RODENTICIDES 122
10.6.1 MICROENCAPSULATION PLAYS A VITAL ROLE IN TIME-RELEASE RODENTICIDE, GIVING IT A LONGER ACTION OR DELAYED TIME 122
TABLE 63 RODENTICIDES COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 122
TABLE 64 RODENTICIDES COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 122
10.7 OTHER PESTICIDE COATINGS 123
TABLE 65 OTHER PESTICIDE COATINGS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 123
TABLE 66 OTHER PESTICIDE COATINGS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 123
11 AGRICULTURAL COATINGS MARKET, BY REGION 124
11.1 INTRODUCTION 125
FIGURE 46 US AND CHINA PROJECTED TO ACCOUNT FOR LARGE SHARES IN THE AGRICULTURAL COATINGS MARKET DURING THE FORECAST PERIOD 126
11.2 NORTH AMERICA 126
FIGURE 47 NORTH AMERICA: REGIONAL SNAPSHOT 127
TABLE 67 NORTH AMERICA: AGRICULTURAL COATINGS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION) 128
TABLE 68 NORTH AMERICA: AGRICULTURAL COATINGS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 128
TABLE 69 NORTH AMERICA: AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY, 2017–2020 (USD MILLION) 129
TABLE 70 NORTH AMERICA: AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY, 2021–2026 (USD MILLION) 129
TABLE 71 NORTH AMERICA: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 129
TABLE 72 NORTH AMERICA: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 130
TABLE 73 NORTH AMERICA: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 130
TABLE 74 NORTH AMERICA: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 130
TABLE 75 NORTH AMERICA: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (KT) 131
TABLE 76 NORTH AMERICA: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (KT) 131
TABLE 77 NORTH AMERICA: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 131
TABLE 78 NORTH AMERICA: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 132
11.2.1 US 132
11.2.1.1 The use of neonicotinoid seed coatings provides protection and enhances plant growth 132
TABLE 79 US: SEED COATINGS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 132
TABLE 80 US: SEED COATINGS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 133
TABLE 81 US: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 133
TABLE 82 US: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 133
TABLE 83 US: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 134
TABLE 84 US: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 134
11.2.2 CANADA 134
11.2.2.1 Due to the cold temperature in the country, delayed harvest can be enabled using the seed coating technique 134
TABLE 85 CANADA: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 135
TABLE 86 CANADA: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 135
TABLE 87 CANADA: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 136
TABLE 88 CANADA: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 136
TABLE 89 CANADA: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 136
TABLE 90 CANADA: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 137
11.2.3 MEXICO 137
11.2.3.1 Increase in demand for export quality vegetables would drive the agricultural coatings market 137
TABLE 91 MEXICO: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 138
TABLE 92 MEXICO: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 138
TABLE 93 MEXICO: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 138
TABLE 94 MEXICO: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 139
TABLE 95 MEXICO: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 139
TABLE 96 MEXICO: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 139
11.3 EUROPE 140
TABLE 97 EUROPE: AGRICULTURAL COATINGS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 140
TABLE 98 EUROPE: AGRICULTURAL COATINGS MARKET SIZE, BY COUNTRY,
2021–2026 (USD MILLION) 141
TABLE 99 EUROPE: AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY,
2017–2020 (USD MILLION) 141
TABLE 100 EUROPE: AGRICULTURAL COATINGS MARKET SIZE, BY CATEGORY,
2021–2026 (USD MILLION) 142
TABLE 101 EUROPE: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 142
TABLE 102 EUROPE: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 142
TABLE 103 EUROPE: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 143
TABLE 104 EUROPE: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 143
TABLE 105 EUROPE: FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2017–2020 (KT) 143
TABLE 106 EUROPE: FERTILIZER COATINGS MARKET SIZE, BY TYPE, 2021–2026 (KT) 144
TABLE 107 EUROPE: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 144
TABLE 108 EUROPE: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 144
11.3.1 SPAIN 145
11.3.1.1 Increase in the cultivation of GM crops to drive the growth of the advanced pesticide coatings as an beneficial investment 145
TABLE 109 SPAIN: SEED COATINGS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 145
TABLE 110 SPAIN: SEED COATINGS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 146
TABLE 111 SPAIN: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 146
TABLE 112 SPAIN: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 146
TABLE 113 SPAIN: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 147
TABLE 114 SPAIN: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 147
11.3.2 ITALY 148
11.3.2.1 Italy, being a significant producer of high quality fruits & vegetables, would adopt highly efficient coated pesticide and fertilizer formulations 148
TABLE 115 ITALY: SEED COATINGS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 148
TABLE 116 ITALY: SEED COATINGS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 148
TABLE 117 ITALY: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 149
TABLE 118 ITALY: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 149
TABLE 119 ITALY: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 149
TABLE 120 ITALY: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 150
11.3.3 GERMANY 150
11.3.3.1 Regulations in Europe have led to an increase in the usage of sustainable fertilizer and seed enhancement coatings to curb environmental pollution in Germany 150
TABLE 121 GERMANY: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 151
TABLE 122 GERMANY: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 151
TABLE 123 GERMANY: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 151
TABLE 124 GERMANY: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 152
TABLE 125 GERMANY: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 152
TABLE 126 GERMANY: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 152
11.3.4 FRANCE 153
11.3.4.1 Increase in sustainable farming practices has led to a surge in demand for biodegradable seed enhancement methods 153
TABLE 127 FRANCE: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 153
TABLE 128 FRANCE: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 154
TABLE 129 FRANCE: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 154
TABLE 130 FRANCE: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 154
TABLE 131 FRANCE: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2017–2020 (USD MILLION) 155
TABLE 132 FRANCE: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 155
11.3.5 NETHERLANDS 156
11.3.5.1 With the adoption of new coating technologies for various agri-inputs, the Netherlands has witnessed enhanced production efficiency for crop yields 156
TABLE 133 NETHERLANDS: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 156
TABLE 134 NETHERLANDS: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 156
TABLE 135 NETHERLANDS: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 157
TABLE 136 NETHERLANDS: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 157
TABLE 137 NETHERLANDS: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 157
TABLE 138 NETHERLANDS: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 158
11.3.6 REST OF EUROPE 158
TABLE 139 REST OF EUROPE: SEED COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 158
TABLE 140 REST OF EUROPE: SEED COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 159
TABLE 141 REST OF EUROPE: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 159
TABLE 142 REST OF EUROPE: FERTILIZER COATINGS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 159
TABLE 143 REST OF EUROPE: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2017–2020 (USD MILLION) 160
TABLE 144 REST OF EUROPE: PESTICIDE COATINGS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 160