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Seed Coating Colorants Market 2024 - By Industry Outlook, Future Trends, Growth Analysis And Forecast To 2033
Seed Coating Colorants Market
As per the report, 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 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%.
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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.
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.
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
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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. .
Contents of the report:
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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