Overview and Scope
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.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the seed-coating colorants market are developing new coating polymers for seed treatment to gain a competitive edge in the market. Seed treatment refers to the application of various substances or treatments to seeds before planting to enhance their performance, protect them from diseases and pests, and improve overall crop yield. For instance, in December 2021, BASF SE, a Germany-based chemicals company, launched Flo Rite Pro 2805, the latest generation of coating polymers for seed treatments. This innovative polymer is designed to enhance the adhesion and retention of active ingredients in seed treatments, preserving their value and ensuring improved coverage during application. The key benefits of Flo Rite Pro 2805 include exceptional retention of seed treatment active ingredients, enhanced uniform coverage of seed-applied insecticides, nematicides, and fungicides, reduced stickiness and clumping for increased seed drop accuracy, and compatibility with a range of BASF’s fungicides, insecticides, nematicides, and inoculants. Flo Rite Pro 2805 addresses potential flowability issues by enhancing seed flow and adhesion, contributing to optimized plant populations and higher yields for soybean, dry bean, and pea growers.
The seed coating colorants market report table of contents includes:
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. Global Seed Coating Colorants Market Size and Growth
….
31. Global Seed Coating Colorants Market Competitive Benchmarking
32. Global Seed Coating Colorants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Seed Coating Colorants Market
34. Seed Coating Colorants Market Future Outlook and Potential Analysis
35. Appendix
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