Press release
Seed Coating Colorants Market Size, Share Analysis, Trends, Industry Outlook 2024 To 2033
Seed Coating Colorants Market Overview
Seed Coating Colorants Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.06 billion In 2028 At A CAGR Of 5.7%.
The seed coating colorants market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to increased seed treatment practices, growing importance of visual identification, market differentiation and branding, demand for improved seed performanc, advancements in agriculture practices..
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..
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Seed Coating Colorants Market Major 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 Driver - 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.
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Prominent Trend - 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.
Seed Coating Colorants Market Players
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. .
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Largest And Fastest Growing Region In The Market
North America was the largest region in the seed coating colorants market in 2023. The regions covered in the seed coating colorants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Seed Coating Colorants Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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