Press release
Seed Coating Colorants Market 2024 - Top Manufacturers, Growth Rate, Revenue, and Forecast until 2033
Seed Coating Colorants Market
The seed coating colorants market size is expected to see strong growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to alignment with digital agriculture, demand for sustainable solutions, customization and branding requirements, expansion of seed treatment industry, market penetration in emerging regions.. Major trends in the forecast period include consumer preferences and market trends, improved seed performance, market expansion in horticulture, environmental considerations, seed treatment efficiency..
Market Overview -
Seed-coating colorants are water-based solutions that are used for differentiation and are a convenient way to apply herbicides and pesticides on the sides. These colorants are used for coloring many types of seeds such as flower seeds, fruit seeds and crop seeds.
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Growing Global Food Demand Propels Expansion Of Seed Coating Colorants Market
The increasing demand for food is driving the seed coating colorants market forward. 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. Therefore, the increasing demand for food is driving the seed coating colorants market.
Competitive Landscape -
Major companies operating in the seed coating colorants market report are BASF SE, Sensient Technologies Corporation, Chromatech Incorporated, Globachem SA, Bayer AG, Centor Group, Incotec Group BV, Clariant AG, Germains Seed Technology Inc., Greenville Colorants LLC, Heubach Colour Pvt Ltd., Mahendra Overseas Ltd., Vivify Specialty Ingredients, Lallemand Inc., Novus International Inc., Bayer CropScience AG, Precision Laboratories LLC, Croda International PLC, Chemtura Corporation, Platform Specialty Products Corporation, Aakash Chemicals, Matchless Dyes and Chemicals, Sampatti Industries, Sun Chemical Corporation, SensiCoat, DuPont Specialty Products India Pvt. Ltd., Keystone Aniline Corporation, Jay Chemical Industries Ltd., Vipul Organics Ltd., Shree Pushkar Chemicals & Fertilisers Ltd. .
Technological Advancements Driving Innovation In Seed Coating Colorants Market
Technological advancements are a key trend gaining popularity in the seed coating colorants market. 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. The new polymer is based on BASF's polymer technology that helps in the uniform application of herbicides, pesticides and insecticides on the seeds. The coating is very useful for coating soybean and pea seeds.
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Key Segments -
The seed coating colorants market covered in this report is segmented -
1) By Type: Powder, Liquid
2) By Active Ingredients: Protectants, Phytoactive Promoters, Other Active Ingredients
3) By Process: Film Coating, Encrusting, Pelleting
4) By Application: Grains And Cereals, Oil Seeds, Fruits And Vegetables, Turf And Ornamentals, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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