All About Seed Colorants – Why Color Your Seed?
With various advancements taking place in the world of seed technology, talking about seed colorants is unavoidable. This market is expected to observe unheard of vertical growth during the forecast period of 2017-2022. The supportive regulatory structures in the field of seed treatments and consequently seed treatment colorants are also likely to ease growth in this part. Companies operating in this part are increasing their product portfolio to better meet the demands of the consumers. Understanding the probable surge in the seed coating colorant market in 2012, BASF acquired Becker Underwood. This acquisition helped BASF to adventure various seed treatment opportunities. In the past few years, Incotec has been the most active player in the seed colorants market.
Regulations for the market
The Environmental Protection Agency (EPA) makes it mandatory under 40 CFR §153.155 that pesticide products intended for use in seed treatment must contain an EPA approved colorant to impart an unnatural color to the seed, unless appropriate tolerances or other clearances have been established under the Federal Food, Drug and Cosmetic Act for residues of the pesticide. EPA-approved colorants are listed as inert elements under 40 CFR §180.910-§180.960. The market intended for commercial use should, consequently, comply with the US Environmental Protection Agency (EPA) inert elements regulations and European Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH).
Seed Colorant – Market Dynamics
Going by the growing significance of seed colorant usage in agriculture, the market holds huge possible for the future. sustain for immense market growth is fuelled by factors, such as supportive regulatory structure, growing need for seed treatment market, brand differentiation, and high adoption of hybrid seeds & GM seeds. While the seed colorant market has high growth possible, high costs associated with colored or treated seeds are inhibiting the market growth. Rapid advancements in seed coating technologies and increasing opportunity in the usage of seed colorants in grains and cereals are expected to cater to the future growth opportunities of the seed coating colorants market.
Are seed colorants going to be the future of seed treatment?
According to a market research firm, the global market revenue was valued at USD 206.20 million in 2016 and is projected to reach USD 484.01 million by 2022, at a CAGR of 15.44% over the forecast period. The figures clearly depict the rapid growth likely to be witnessed in the global market.
According to examination, North America and Europe occupy a majority proportion of the global seed colorants market. Emerging economies, such as Brazil, China, and India are also expected to observe rapid growth, owing to the need for increased agricultural production.
The mergers and acquisitions of various seed and chemical companies like Bayer, Milliken Chemicals, etc. with a number of seed enhancement and inoculants technology companies, are likely to further bring about dynamism in the market. The move helps them to unprotected to their business objectives, in addition to creating value to society that is demonstrated by their strong effort in the research of seed technology.