by The global vegetable-based inks market is experiencing significant growth, driven by rising concerns about the high volatile organic compound (VOC) content found in conventional ink printing solutions. Vegetable-based inks, made from renewable sources such as linseed, soybeans, canola, and other vegetable oils, are emerging as an innovative and eco-friendly alternative to traditional petroleum-based inks.
Technical Advancements and Environmental Benefits
From a technical standpoint, vegetable inks offer several advantages, including enhanced color transfer, brightness, and intensity compared to conventional solvent-based inks. They are more stable, allowing for increased printing speed and reduced waste. Additionally, vegetable inks dry faster and exhibit better resistance to rubbing, making them a more durable option.
Environmental Impact and Regulatory Initiatives
One of the primary drivers of the vegetable-based inks market is the growing concern over VOC emissions. VOCs are harmful compounds commonly found in many ink printing solutions. Vegetable-based inks, being entirely derived from vegetable oils, have zero VOC emissions. In 2021, the United States alone released approximately 11.9 million tonnes of VOCs, highlighting the urgent need for eco-friendly alternatives.
Governments and regulatory entities are taking decisive steps to reduce VOC emissions, especially in the packaging sector, by promoting the use of vegetable-based inks. Stringent pollution control legislation and policies, coupled with increasing environmental awareness, are expected to further boost the adoption of these eco-friendly inks.
Flexographic Printing and Packaging Applications
The flexographic printing process is expected to dominate the vegetable-based inks market due to its versatility and suitability for printing on various materials, including plastics, metallic films, cellophane, and other smooth surfaces. It is particularly popular in food packaging and is increasingly being used in advertising media and textile applications.
Asia Pacific Market Growth
The Asia Pacific region is poised to witness substantial gains in the vegetable-based inks market, driven by the rapid expansion of the packaging industry. Increased disposable income, rising consumer spending, and a growing population have fueled demand for fast-moving consumer goods (FMCG) and, consequently, packaging requirements. China, India, South Korea, and other countries in the region are experiencing consistent growth in manufacturing, leading to increased packaging material usage.
North American Market Trends
The North American market for vegetable-based inks is predicted to grow moderately, driven by urbanization, growth opportunities in developing nations, and the expansion of end-use industries. The regions increasing preference for single-serve ready-to-eat food products has led to greater demand for vegetable-based inks in the packaging industry. Producers are also shifting towards eco-friendly packaging and sustainable products, which are creating new business opportunities.
Competitive Landscape
Market participants are actively introducing new products and forming alliances, collaborations, and partnership agreements to capitalize on the growing demand for vegetable-based inks. For example, Siegwerk recently introduced a UV offset ink series with a high bio-renewable content, and Flint Group launched its Kryoset Flint ink line, designed to facilitate high-quality printing within the conventional heat-set process.
Key players in the vegetable-based inks market include The Dow Chemical Company, Sun Chemical, Kao Advanced Printing Solutions, Huber Group, Gans Ink, INX International Ink Co, Siegwerk Druckfarben AG & Co. KGaA, and many others.
As environmental concerns continue to drive the adoption of eco-friendly printing solutions, the vegetable-based inks market is poised for sustained growth, offering both technical and environmental benefits to various industries.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/vegetable-based-inks-market
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This press release first seen on Brilad
COMTEX_442108606/2840/2023-10-19T04:37:36
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.