The Global Organic Pigment Market is projected to reach a value of over USD 4.97 billion by 2027 at a CAGR of around 4.6%.
Organic pigments are referred to as colored material made of an organic compound with pigment properties. Organic pigments are an insoluble organic compound with high coloring strength. Organic pigments possess superior characteristics includes sunshine resistant, acid-resistant, resistant to flooding, alkali resistant, heat resistant, organic solvent resistant and excellent dispersion property in the various applications. The key benefits of organic pigments are non-toxic and have a better environmental profile as compared to inorganic pigments. The key application of organic pigments are inks, paints, rubber products, plastic products, and coating printing sizes.
Market Driver:
Growing business competitions across the globe have triggered a need for branding and marketing to succeed and improve the make and feel of the product. In order to establish brand value to customers, packaging plays an important role. The importance of aesthetics in packaging has grown owing to the need for product differentiation. Product packaging contains a logo, which gets highlighted by using organic pigments. Colors help to make packaging attractive has help o attack more customers. Thus, the importance of product appeal and aesthetics is increasing and expected to drive the use of organic pigment in packaging applications.
The packaging is an essential tool utilized by the food business operators to differentiate the products from others. beyond shelf appeal, packaging also provides protection to the products form physical, chemical, and microbiological hazards. Packaging materials can be a source of chemical contamination and may impact food safety and food quality. Among the different components of packaging material, packaging inks play a vital role as they might hamper product and consumer safety. Each packaging ink is a mixture of different chemicals and some of these chemicals might be harmful while holding the potential to migrate to the foodstuff when getting in contact. In terms of risk, the chemicals could be toxic, carcinogenic, mutagenic, repro-toxic and even endocrine disruptors. The government has imposed stringent regulations to protect consumers from the harmful effects of printing ink used. Thus, growing stringent regulation to use organic pigments had expected to boost the market growth.
Market Restraint:
Inorganic pigments are cheaper to produce, especially large quantities of production due to it has a relatively simple chemical reaction. While organic pigments require a great deal of chemical processing to produce, especially for synthetic organic pigments, thus it is expensive to manufacture in a large amount. Organic pigments are approximately one and half times costlier than inorganic pigments, which limits its market in paint & coating and other application that are not subjected to strict regulations. Thus, organic pigments are more expensive than inorganic pigments which may be one of the factor restraining the growth of market.
The report on the organic pigment market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Kiloton) |
Segments Included |
Type, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Organic Pigment Market, by Type
Organic Pigment Market, by Application
Organic Pigment Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE Organic Pigment MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY