Agricultural Colorants Market Growth Analysis 2022-28 precisionbusinessinsights.com
The global agricultural colorants market size was valued at USD 50.9 billion in 2021 and is expected to reach USD 74.24 billion by 2028, at a CAGR of 5.54% during the forecast period 2022-2028. Agricultural colorants are dyes and pigments used in a variety of applications, including tracking, product coloring for dried flowers, seed coating, landscaping, ice-melt and melting, fertilizers, and dried flowers. Coloring obstructs cosmetic appeal, confirmation of identity or differentiation between different product versions, product consistency, and evenness.
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The fertilizer industry's requirement for agricultural colorants to minimize application errors and distinguish between quality is likely to drive the worldwide agricultural colorants market forward. Regulations requiring the use of colorants in insecticide-treated seeds, in order to reduce waste of treated seeds, are also driving the global agricultural colorants market. Insecticide products used during treating seeds, for example, must contain an EPA colorant to impart a unique color to seeds until authorized under the Federal Food, Drug, and Cosmetic Act for insect killing residues, according to the US Code of Federal Regulations. Product demand improved as greenfield investment increased in emerging markets, particularly Asia-Pacific. Furthermore, companies are investing in research and development facilities for the production of bio-based goods in order to comply with stringent government additive rules, which bodes well for the agricultural colorant industry. As a result of all of these factors, the agricultural colorant market is expected to grow in demand. On the other hand, a number of agricultural colorant producers avoid using colorants in order to reduce the total price of its products, which is one of the market's restricting factors.
The global agricultural colorants market segmentation:
By Type: Dyes, Pigments
By Application: Seed Treatment, Fertilizers, Crop Protection
By Distribution Channel: Retail stores, Department stores, Government stores
In 2017, Asia Pacific retained a commanding position in the Agricultural Colorants Market. The Agricultural Colorants Market in India is growing due to increased awareness of the benefits of agricultural colorants within the fertilizer sector. In 2017, North America represented a considerable market share in the worldwide Agricultural Colorants Market, with the United States leading the market growth. This is due to increased demand for high-quality agricultural products and the implementation of innovative technology to boost productivity.
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There are some major players working in agricultural colorants market, which include Sensient Technologies BASF, DIC Corporation Clariant International Laxness Germains Seeds Technology BrettYoung Keystone Aniline Corporation Chromatech Milliken Chemicals Croda International PLC
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