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A Global Review on Seed Coating Colorants Market - A Deep Dive into the Major Competitors of the Market are BASF SE, Sensient Technologies Corporation, Chromatech Incorporated, Globachem SA, Bayer AG
Seed Coating Colorants Market
The Business Research Company's Seed Coating Colorants Global Market Report 2023 identifies the increasing demand for food is the major driver for the seed coating colorants market's growth in the forecast period. Population refers to the number of people living in a fixed geographical area. Seed coating would help in increasing the yield of crops with increased seed germination and food quality which can help in more food production, as a result, increasing demand for food increases the demand for seed coating colorants. For instance, in July 2021, according to a journal published by Nature Food, a Canada-based publisher of peer-reviewed journals, the demand for food is expected to increase by 35% to 56% by 2050. Additionally, in 2022, according to the US Department of Agriculture, a US-based department of the Federal government, the consumer price index (CPI) for all food items increased by 10.4% from December 2021 to December 2022, with the food prices being the determinant of demand.
The global seed coating colorants market size is expected to grow from $1.50 billion in 2022 to $1.58 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global seed coating colorants market size is expected to reach $1.91 billion in 2027 at a CAGR of 4.8%.
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Major competitors in the seed coating colorants market are BASF SE, Sensient Technologies Corporation, Chromatech Incorporated, Globachem SA, Bayer AG, Centor Group, Incotec Group BV, Clariant AG, Germains Seed Technology, Greenville Colorants LLC, Heubach Colour Pvt Ltd., Mahendra Overseas Ltd.
A key trend in the seed coating colorants market includes technological advancements. Major companies in the market are introducing innovative products such as Flo Rite Pro 2805 coating polymer for seeds to sustain their position in the market. For instance, in June 2021, BASF, a Germany-based chemical company, launched a new generation Flo Rite 2805 coating polymer for seeds.
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The seed coating colorants market is segmented -
• By Type: Powder, Liquid
• By Active Ingredients: Protectants, Phytoactive Promoters, Other Active Ingredients
• By Process: Film Coating, Encrusting, Pelleting
• By Application: Grains And Cereals, Oil Seeds, Fruits And Vegetables, Turf And Ornamentals, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the seed coating colorants market.
The Business Research Company's "Global Seed Coating Colorants Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Seed Coating Colorants Market Include:
1. Executive Summary
2. Seed Coating Colorants Market Characteristics
3. Seed Coating Colorants Market Trends And Strategies
4. Seed Coating Colorants Market - Macro Economic Scenario
5. Seed Coating Colorants Market Size And Growth
……………
27. Seed Coating Colorants Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Seed Coating Colorants Market
29. Seed Coating Colorants Market Future Outlook And Potential Analysis
30. Appendix
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