PUNE, India, April 26, 2017 /PRNewswire/ --
The report "Agricultural Colorants Market by Type (Dyes and Pigments), Application (Seed Treatment, Fertilizers, Crop Protection Products, Turf & Ornamentals, and Ponds/Lakes), and Region - Global Forecast to 2022", published by MarketsandMarkets™. The Agricultural Colorants Market is estimated at USD 1.63 Billion in 2017 and is projected to reach USD 2.03 Billion by 2022, at a CAGR of 4.48% during the forecast period. The market is driven by factors such as multifunctionality of colorants in the agricultural industry and rise in demand from the end-user industries due to adoption of better farming techniques.
Browse 63 market data tables and 29 figures spread through 124 pages and in-depth TOC on "Agricultural Colorants Market - Global Forecast to 2022"
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"The pigments segment accounted for the larger market share, by type, in 2016"
The pigments segment accounted for the larger market share by type in 2016. This is due to new techniques and product innovations in pigments. Pigment is a type of insoluble material that is suspended in a medium for its usage as a colorant agent. There are also agronomic benefits associated with the use of pigments to the soil, such as increasing dark grass color, which retains heat and can extend turf growth in the autumn season. These factors are driving the growth of Agricultural Colorants Market.
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"The turf & ornamentals segment accounted for the largest market share, by application, in 2016"
The turf & ornamentals segment accounted for the largest market share in 2016. This is due to the demand for dyes & pigments, which is increasing in the turf & ornamental application, as it is used in recreational areas, parks, golf courses, athletic fields, and lawns to increase the aesthetic appeal; using of colorants also saves money and time as grass becomes dormant in warm seasons, which adds to the overall maintenance cost associated to make the grass look green. The use of turf colorants helps improve the aesthetic appeal of grass by making them greener, even during the warmer seasons.
"The North American region is projected to grow at the highest CAGR from 2017 to 2022"
The North American region is projected to grow at the highest CAGR during the forecast period. Agriculture in North America has become mechanized. The turf & ornamentals sector contributes largely to the growth of the Agricultural Colorants Market in North America. The demand for healthy seeds to increase crop yield also drives the demand for seed coating (colorants) in North American region.
The companies profiled for this report are BASF SE (Germany), Lanxess Aktiengesellschaft (Germany), DIC Corporation (Japan), Clariant International AG (Switzerland), Sensient Technology (U.S.), Croda International PLC (U.K.), Organic Dyes & Pigments (U.S.), Keystone Aniline Corporation (U.S.), Chromatech Inc. (U.S.), BrettYoung (Canada), Germains Seed Technology Inc. (U.K.), and Aakash Chemicals & Dye Stuffs (U.S.).
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