PUBLISHER: DataM Intelligence | PRODUCT CODE: 1078208
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1078208
The global agricultural colorants market is valued at USD XX million in 2021 and is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Agricultural colorants are dyes and pigments used in various applications, including tracking, product coloring for dried flowers, seed coating, landscaping, ice-melt and melting, fertilizers, and dried flowers. Agricultural colorants extend the shelf life of foods by preventing or slowing the growth of bacteria that cause food spoilage. Agricultural colorants, which are essentially organic pigments and dyes, are largely used for coloring purposes, such as fertilizers and seeds, dried flowers, deicing and ice-melt, lakes and ponds, etc. These colorants are also employed in the global market for leak detection and water tracking
The global market for agricultural colorants is quickly expanding, owing to rising demand for colorants in fertilizers and crop protection. These colors are part of the established clean label trend, which means they are environmentally safe and assist to protect the environment. Furthermore, rising consumer demand for fair trade, sustainable, and organic products is propelling the industry to new heights on a global scale. The adoption of better agricultural techniques that increase production, the multifunctionality of fertilizers, and the requirement for crop protection are all contributing to market expansion. Increasing demand for colorants in fertilizer, pond and lake color management, grass & ornamental plant, and ice melting & de-icing applications are likely to fuel market expansion.
Additionally, 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, to reduce waste of treated seeds, are also driving the global agricultural colorants market. Insecticide products used for treating seeds, for example, must contain an EPA colorant to impart a unique color to seeds until released under the Federal Food, Drug, and Cosmetic Act for insect killing residues, according to the US Code of Federal Regulations.
The pigment consists of organic pigments in an aqueous dispersion. With excellent physical properties such as small and consistent particle size distribution, high lightfastness, high pressure & temperature stability, along with a wide shade range, the pigments are applied to a wide array of industries-including textile printing & garment dyeing, agriculture marking and seed & fertilizer coatings, construction materials, carwash & HI&I detergents, paper, pulp, chemical tinting & compounding, inks, leather, and many other miscellaneous coatings industries where a topical colored coating is desired. Due to the excellent properties of pigment, the demand for agricultural colorants pigment has increased dramatically over the last few years.
The seed treatment segment of the global agricultural colorants market grew significantly in 2021, owing to its low-cost crop safety solution. Farmers' profit margins have decreased due to poor prices for important crops, including wheat, corn, and soybeans. The low dose nature of seed treatments results in less use of pesticides and fertilizers to drive the seed treatment segment growth, resulting in significant cost savings for farmers. Seed treatment, unlike spraying, does not require large amounts of equipment or labor, which contributes to the segment's growth.
Higher economic expansion in Asian economies emphasizes the region's importance for food markets, influencing both the type and amount of food consumed, and propelling the global agricultural colorants industry in this region forward. In 2021, China and India were the two largest country marketplaces in the Asia-Pacific region. In Asian countries, widespread adoption of modern agricultural practices has resulted in widespread use of agricultural dyes and pigments. The agricultural dyes and pigments market in this region is likely to be driven by rising farming practices and the demand for high-quality agricultural produce. On the other hand, due to the increased use of agricultural colorants in gardening activities for visual appeal, which demand lawn and decorative plants, the global agricultural colorants market in Europe grew significantly in 2021.
The global agricultural colorants market is highly fragmented, with many companies introducing new product lineups. Bayer AG, BASF SE, Clariant, Aakash Chemicals, and Sun Chemicals are a few competitors in this market. In August 2019, DIC Corporation agreed to purchase BASF S.E. for its global pigment business. The cash and debt-free purchase price are US$ 1.27 billion. The deal is expected to be finalized in the fourth quarter of 2020. Clariant introduced agricultural products under the Agrocer brand in December of 2018. Colorants, polymers, dusting agents, and other seed coating-related ingredients are included in the product. The goods were displayed at the ASTA 2018 CSS and Seed Expo in Chicago, Illinois.
The COVID-19 pandemic is a global health emergency wreaking havoc on the global economy, both directly and indirectly, through public-health efforts to halt the spread of the disease. These effects ripple throughout the food system, influencing consumer demand, disrupting agro-food trade and downstream food processing, and limiting seasonal labor and intermediate input availability. The agricultural sector will gradually adapt to declining consumer demand by reducing farm output and lowering the need for agricultural colorants. Agricultural prices will fall, at least in the medium term, as the supply side responds to weaker demand lags, putting additional pressure on farm revenues and further reducing demand for agricultural colorants.
The global agricultural colorants market report would provide an access to approximately 61 market data tables, 53 figures and 180 pages.