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Agricultural Coatings Market Share

Report ID: GMI7837
Published Date: Jan 2024
Report Format: PDF

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Agricultural Coatings Market Share

The agricultural coatings industry is significantly influenced by major industry players, with BASF SE, Bayer AG, The Sherwin-Williams Company, AkzoNobel, PPG Industries, Valspar Corporation, Hempel A/S, Covestro AG, RPM International Inc., holding substantial market shares. Together, these key companies collectively cover a 50%-60% of the global market share for agricultural coatings. Their extensive product portfolios, innovative solutions, and strong market presence enable them to cater to diverse needs within the agricultural sector, including seed coatings, fertilizers coatings, and pesticides coatings. Their strategic initiatives, research and development efforts, and global distribution networks contribute to their dominance in the market, shaping the landscape of agricultural coatings on a global scale. While specific market share percentages may vary over time, the combined influence of these industry leaders underscores their pivotal role in driving advancements and growth within the agricultural coatings sector.

Agricultural Coatings Market Companies

Some of the major market players operating in the agricultural coatings industry are:

BASF SE
Bayer AG
The Sherwin-Williams Company
AkzoNobel
PPG Industries
Valspar Corporation
Hempel A/S
Covestro AG
RPM International Inc

These players focus on strategic partnerships, new Category launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative Categories and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for agricultural coatings was valued at around USD 2.13 billion in 2023 and is estimated to reach USD 3.48 billion by 2032, driven by the increasing global population and the consequent need for enhanced agricultural productivity.

Seed coatings category segment accounted for USD 1.08 billion in 2023 and is poised to grow significantly through 2032, driven by various benefits, including improved germination rates, protection against diseases and pests, and enhanced nutrient absorption

North America agricultural coatings industry generated a revenue of USD 674.7 million in 2023 and is anticipated to expand at a significant pace from 2024-2032, fueled by a technologically advanced agricultural sector in the region.

BASF SE, Bayer AG,The Sherwin-Williams Company, AkzoNobel, PPG Industries, Valspar Corporation, Hempel A/S, Covestro AG, RPM International Inc are some of the major industry contenders.