The agricultural dyes & pigments market is projected to grow at a CAGR of 4.3% from 2015 to reach a projected value of USD 1.86 Billion by 2020. The market growth is driven by increasing demand from end-user industries such as fertilizer industry, turf & ornamental industry & pond/lake color management industry. Further, the increasing number of applications such as use of dyes & pigments in seed treatment, seed coating, seed dressing and crop protection products. The market is further driven by factors such as advanced farming technologies and its multi-functional uses.
Pune, India -- (SBWIRE) -- 02/22/2016 -- The report "Agricultural Dyes & Pigments Market by Type (Dyes and Pigments), Application (Seed Treatment, Fertilizers, Crop Protection Products, Turf & Ornamental, Pond/Lake Color & Others), and by Region - Global Forecasts to 2020", The agricultural dyes & pigments market is projected to grow at a CAGR of 4.3% from 2015 to reach a projected value of USD 1.86 Billion by 2020.
Browse 97 market data Tables and 53 Figures spread through 175 Pages and in-depth TOC on "Agricultural Dyes & Pigments Market - Global Forecasts to 2020"
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The agricultural dyes & pigments market is projected to grow at a CAGR of 4.3% from 2015 to 2020. It offers several advantages such as reduced labor costs, simple application process, easy identification, and avoiding wrong usage of fertilizers. Hence, agricultural dyes & pigments will be viewed as a business opportunity in the next five years.
Significant growth in pigments observed in the Asia-Pacific region
The pigments segment is driven by the increasing requirement from the end-user industries such as seed treatment and crop protection chemicals. Adoption of agriculture dyes & pigments in emerging markets within countries such as India, China, and Japan is increasing, promoted by agronomic benefits in terms of yield and protection. Majority of the agriculture dyes & pigments market in developing nations is still untapped and has huge market potential to grow. Thus, there will be a significant growth in the Asia-Pacific region.
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Strong product platform provided by turf & ornamental application
The demand for dyes & pigments is increasing in the turf & ornamental application as it saves time and money on lawn maintenance and lawn repair. It is preferably being used by most of the people as it gives a natural look to the lawn, particularly in the winters, water shortages, and water restrictions.
Innovative, natural, and cost-effective solutions key to success in the Asia-Pacific region
China and India constituted the largest country markets in the Asia-Pacific region in 2014. Strong adoption of modern agricultural practices in Asian countries has led to wide-scale usage of agricultural dyes & pigments. The increasing agricultural practices and requirement of high quality agricultural produce is expected to drive the agricultural dyes & pigments market in this region. North America dominated the market and accounted for the largest market share globally.
This report includes the profiles of leading agricultural manufacturing companies such as Bayer CropScience AG (Germany), BASF SE (Germany), Clariant International AG (Switzerland), Chromatech Incorporated (U.S.), INCOTEC Group BV (The Netherlands), and Organic Dyes and Pigments (U.S.).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global agricultural dyes & pigments market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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