Wilmington, Delaware, United States, June 09, 2022 (GLOBE NEWSWIRE) — The global vegetable-based inks market is estimated to register growth at a CAGR of 4.7% during the forecast period, 2022-2031, as per a study by Transparency Market Research (TMR). The study enlightens readers on many factors including the recent developments in the vegetable-based inks market.

Leading players are utilizing water-based technology as a sustainable technology in order to produce vegetable-based inks owing to the ability of this technology to assist in decreasing the environmental impact of flexible packaging and carbon footprints. Moreover, this technology is being increasingly used in comparison with other technologies as it offers advanced plant safety and considerably lower environmental impact.

When water-based inks are utilized in an ink jet printer, they provide a higher definition image. Moreover, water-based inks offer improved image quality in terms of chromatic contrast, clarity of colors, and definition. In addition, the technology guarantees an improved alignment between the production phase and design phase. These advantages of water-based inks are likely to result into revenue-generation opportunities in the global vegetable-based inks market during the forecast period.

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Vegetable-based Inks Market: Key Findings        

  • Soy-based ink is being increasing adopted in place of petroleum-based ink around the world owing to increasing understanding on the former’s environment-friendly nature. Moreover, soy-based inks are being utilized to manufacture more vibrant and brighter colors. Hence, rise in the demand for soy-based ink products is prognosticated to impact positively on the future market demand for vegetable-based inks.
  • Enterprises operating in the packaging industry are focusing on minimizing the environmental impact of packaging activities. As a result, they are seen increasing the use of sustainable packaging materials such as printing inks. Moreover, there has been a surge in the use of suitable materials in food packaging inks that have indirect and direct contact with the food, as the use of resins, solvents, pigments, additives, and other chemicals can lead to adverse impact on the safety of the food, notes a TMR report on the global vegetable-based inks market.
  • Companies operating in the global vegetable-based inks market are focusing on R&Ds in order to develop environment-friendly products. Moreover, several enterprises in the market for vegetable-based inks are concentrating on the expansion of their businesses using different strategies such as mergers, acquisitions, and new product launches. Leading players in the vegetable-based inks market are concentrating on varied key applications including commercial printing and label and packaging in order to maintain their revenue streams post the COVID-19 pandemic.

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Vegetable-based Inks Market: Growth Boosters

  • Surge in environmental awareness in the global food & beverages industry is working as a largest revenue generator in the vegetable-based inks market
  • Rising use of vegetable-based inks in label and packaging applications is bolstering the global market

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Vegetable-based Inks Market: Regional Analysis

  • Asia Pacific is fastest growing market for the vegetable-based inks and the region accounted for 43% share of the total market in 2021. The regional market growth is ascribed to a rise in the use of vegetable-based inks in varied end-use industries including the healthcare, food & beverages, publication, and textile industries.
  • The vegetable-based inks market is prognosticated to gain sizable sales opportunities in the upcoming years owing to the presence of large consumer base in the region

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Vegetable-based Inks Market: Key Players        

Some of the key players profiled in the report are:

  • The Dow Chemical Company
  • Sun Chemical
  • Kao Advanced Printing Solutions
  • Inks Kingwood Professional
  • INX International Ink Co
  • Toyo Ink LLC
  • Gans Ink
  • Huber Group
  • Synthotex Chemicals Pvt. Ltd.
  • Earth Inks Group
  • Flint Group
  • Universal Color Corporation
  • Siegwerk Druckfarben AG & Co. KGaA
  • Wikoff Color Corporation
  • Kwang Myung INK CO.,Ltd

Vegetable-based Inks Market Segmentation

Product

  • Tung-based
  • Linseed-based
  • Castor-based
  • Canola-based
  • Safflower-based
  • Soy-based
  • Corn Oil-based
  • Others

Technology

  • Water-based
  • Solvent-based
  • UV-curable
  • Others

Printing Method

  • Lithography Printing
  • Flexographic Printing
  • Offset Printing
  • Screen Printing
  • Digital Printing
  • Others

Printing Substrate

  • Paper
  • Plastic
  • Glass
  • Aluminum
  • Cotton
  • Wood
  • Silk
  • Others

Application

  • Label and Packaging
  • Commercial Printing
  • Leather and Textile Printing
  • Capsule and Tablet Printing
  • Medical Device Printing
  • Optical Printing
  • Others

End-use

  • Food and Beverages
  • Health Care
  • Personal Care
  • Textile
  • Leather
  • Publication
  • Optical
  • Others

Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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About Transparency Market Research

Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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