Seed Coating Colorants Global Market Report 2024

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 expansion observed in the historical period can be attributed to the increased adoption of seed treatment practices, the growing significance of visual identification for seeds, the emphasis on market differentiation and branding, the demand for improved seed performance, and advancements in agricultural 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 anticipated growth in the forecast period can be attributed to the alignment with digital agriculture, the increasing demand for sustainable solutions, customization and branding requirements, the expansion of the seed treatment industry, and market penetration into emerging regions. Major trends expected in this forecast period include a focus on consumer preferences and market trends, advancements in seed performance, market expansion in horticulture, heightened environmental considerations, and improved seed treatment efficiency.

The seed coating colorants market is experiencing growth due to the increasing demand for food. Population growth in fixed geographical areas has led to a rising need for enhanced crop yield, seed germination, and food quality. Seed coating colorants play a crucial role in achieving these goals, resulting in higher food production. For example, a Nature Food journal published in July 2021 reported an anticipated 35% to 56% increase in food demand by 2050. Additionally, in 2022, the US Department of Agriculture noted a 10.4% increase in the consumer price index (CPI) for all food items, emphasizing the role of food prices in driving demand for seed coating colorants.

The growth of the seed-coating colorants market is further propelled by the increase in pest infestation. Colorants formulated with protective agents offer enhanced crop protection, reducing the reliance on external pest control methods. This proactive approach contributes to improved crop yield and serves as a cost-effective and sustainable solution for farmers. As per the Food and Agriculture Organization (FAO), pests cause an annual loss of up to 40% in global crop production, with plant diseases and invasive insects resulting in substantial economic losses. Therefore, the rise in pest infestation is a key driver for the seed-coating colorants market.

A notable trend in the seed coating colorants market is technological advancements. Major companies are introducing innovative products such as BASF's Flo Rite Pro 2805 coating polymer for seeds, which facilitates the uniform application of herbicides, pesticides, and insecticides. This technology aids in enhancing seed treatment and is particularly beneficial for coating soybean and pea seeds.

Companies operating in the seed-coating colorants market are actively developing new coating polymers for seed treatment to stay competitive. BASF's Flo Rite Pro 2805, launched in December 2021, represents the latest generation of coating polymers. This innovative polymer enhances the adhesion and retention of active ingredients in seed treatments, ensuring improved coverage during application. It addresses flowability issues, contributing to optimized plant populations and higher yields for soybean, dry bean, and pea growers.

In July 2021, Solvay, a Belgium-based chemical company, acquired Bayer’s global coatings business. This acquisition aligns with Solvay's growth strategy to strengthen its sustainable agriculture portfolio and provide enhanced value to agricultural customers. Bayer, a Germany-based biotechnology company, was a key player in manufacturing various seed-coating colorants and pigments.

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.

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 countries covered in the seed coating colorants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of seed-coating colorants are powder and liquid. Powder seed colorants come in a powdered format and are utilized to enhance seed germination capabilities, as well as to improve the yield and productivity of crops. Various active ingredients include protectants, phytoactive promoters, and other components. Processes involved in seed coating include film coating, encrusting, and pelleting. These applications span a range of uses, including grains and cereals, oilseeds, fruits and vegetables, turf and ornamentals, and other related applications.

The seed coating colorants market research report is one of a series of new reports that provides seed coating colorants market statistics, including seed coating colorants industry global market size, regional shares, competitors with a seed coating colorants market share, detailed seed coating colorants market segments, market trends and opportunities and any further data you may need to thrive in the seed coating colorants industry. This seed coating colorants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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