Sustainable Printing: The Future of Eco-Friendly Inks
Category: Packaging Published Date : Feb-23 ID: CVC-93890 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, Eco Friendly Inks Market is estimated to be worth US$ 4.54 Bn in 2023. The market is expected to grow at a CAGR of 5.80% between 2023 and 2033 to hit US$ 7.99 Bn by 2033 end.
Key Market Trends
Growing Demand for Sustainable Packaging
One of the key trend of the eco-friendly inks market is the growing demand for sustainable packaging. Consumers are becoming more environmentally conscious and are looking for products that are packaged in a sustainable way. This has led to an increased demand for eco-friendly inks, which are used to print on sustainable packaging materials such as paper, cardboard, and plastic.
Development of New Eco-Friendly Ink Technologies
There has been a significant amount of research and development in the area of eco-friendly inks in recent years. This has led to the development of new ink technologies that are more sustainable and environmentally friendly than traditional inks. These new technologies include water-based inks, vegetable-based inks, and soy-based inks.
Market Drivers
Bio-Based Breakthroughs: Unlocking Sustainable Printing Solutions
With a focus on sustainability, bio-based inks derived from renewable resources such as plant-based materials, algae, and other natural sources are disrupting the printing industry. These advancements not only reduce dependence on petroleum-based products but also offer improved biodegradability and lower emissions. The development of bio-based inks holds the potential to transform the eco-friendly inks market, driving growth and promoting a more sustainable printing ecosystem.
Regulatory Requirements: Eco-Friendly Inks Complying with Stringent Environmental Standards
The increasing focus on environmental regulations and the need to comply with stringent standards have fueled the demand for eco-friendly inks. By meeting these requirements, eco-friendly inks help businesses reduce their environmental footprint, avoid potential fines, and maintain a positive brand image, further driving market growth.
Tech Innovations: Pushing the Boundaries of Environmentally Conscious Printing
Technological advancements have revolutionized the eco-friendly inks market, enabling the creation of high-performance, low-impact printing solutions. Innovations such as water-based inks, UV-curable inks, and digital printing technologies have gained traction due to their reduced energy consumption, lower waste generation, and improved print quality. These technological drivers are not only driving market growth but also empowering businesses to adopt greener printing practices, aligning with the global sustainability agenda.
Segmentation Insights
After thorough analysis of the Eco Friendly Inks Market, we have identified the top three trending segments in the industry. These segments are experiencing high demand, strong market growth, and widespread adoption.
Most Popular (Fastest Growth Rate)
Water-based Inks (Packaging Industry)
Water-based inks have emerged as the most popular choice in the Eco Friendly Inks Market for the Packaging Industry. These inks are free from harmful chemicals and solvents, making them an eco-friendly and sustainable option for printing on food & beverage packaging, pharmaceuticals & medical devices, and consumer goods. The high-quality printing and safe formulation of water-based inks make them the preferred choice for consumers seeking sustainable solutions in the packaging industry.
Most Selling (Largest Market Share)
Solvent-based Inks
Solvent-based inks are the most selling product in the Eco Friendly Inks Market for Flexography Printing. These inks offer excellent print quality, quick drying times, and long-lasting durability, making them ideal for printing on a variety of surfaces such as paper, cardboard, and plastic films. The high-performance and versatility of solvent-based inks make them the go-to choice for consumers seeking reliable and effective printing solutions in the packaging and labelling industries.
Trending (Gaining Traction)
Vegetable-based Inks
Vegetable-based inks are gaining significant traction in the Eco Friendly Inks Market for Four Colour Printing. These inks are derived from natural sources such as soy, corn, and linseed oil, making them an eco-friendly and sustainable alternative to traditional inks. The excellent colour saturation and vibrancy of vegetable-based inks make them the trending choice for consumers seeking high-quality printing solutions while reducing their carbon footprint.
Regional Insights
Government Initiatives Boost the Demand for Eco-Friendly Inks in North America
Governments in North America are increasingly taking initiatives to promote sustainable practices, and this is driving the demand for eco-friendly inks in the region. Several governments have introduced regulations and incentives to encourage companies to adopt eco-friendly printing practices, which is contributing to the growth of the eco-friendly inks market. One such initiative is the Environmental Protection Agency’s (EPA) Safer Choice program, which aims to encourage the use of safer and more environmentally friendly products, including printing inks. The program provides a label for products that meet the EPA’s criteria for environmental safety, and this can help companies promote their eco-friendly credentials to customers.
Growing E-commerce Industry to Boost Demand for Eco-Friendly Inks in Packaging
The Asia Pacific region has witnessed a significant increase in the e-commerce industry in recent years, driven by the growing popularity of online shopping. This has led to a surge in demand for packaging materials, including eco-friendly inks. Consumers are becoming more aware of the environmental impact of their purchasing habits and are seeking sustainable packaging options. This trend has led to the adoption of eco-friendly inks in the packaging industry, which are free from harmful chemicals and are biodegradable. The growing e-commerce industry is expected to be a major driver of the eco-friendly inks market in the Asia Pacific region in the coming years.
Research Scope/Taxonomy
Market Analysis by Color:
Market Analysis by Origin of Bio Pigments:
Market Analysis by Type:
Market Analysis by Printing:
Market Analysis by Packaging:
Market analysis by region:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Origin of Bio Pigments W.R.T. Color
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Technology Landscape
10.1. Introduction
10.2. Key Market Trends
10.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Color [Value (US$ Mn) and Volume (Tons) Analysis]
10.3.1. Four Color
10.3.2. Monochrome Printing
10.4. Market Attractiveness Analysis by Color
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Origin of Bio Pigments[Value (US$ Mn) and Volume (Tons) Analysis]
11.2.1. Flint Ink
11.2.2. Algae Inks
11.2.3. Animal Origin
11.2.4. Vegetable-based Ink
11.3. Market Attractiveness Analysis by Origin of Bio Pigments
12.1. Introduction
12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Type [Value (US$ Mn) and Volume (Tons) Analysis]
12.2.1. Gums
12.2.2. Resins
12.2.3. Waxes
12.2.4. Solvent-based
12.2.5. Water-based
12.2.6. Oil-based
12.3. Market Attractiveness Analysis by Type
13.1. Introduction
13.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Printing [Value (US$ Mn) and Volume (Tons) Analysis]
13.2.1. Flexography
13.2.2. Lithography
13.2.3. Gravure
13.2.4. Offset
13.2.5. Screen Printing
13.2.6. Digital
13.3. Diamond Wires for Metal CuttingMarket Attractiveness Analysis by Printing
14.1. Introduction
14.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Packaging [Value (US$ Mn) and Volume (Tons) Analysis]
14.2.1. Food & Beverage
14.2.2. Pharmaceutical & Medical Devices
14.2.3. Consumer Goods
14.2.4. Others
14.3. Diamond Wires for Metal CuttingMarket Attractiveness Analysis by Packaging
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. North America
15.3.2. Latin America
15.3.3. Europe
15.3.4. Asia-Pacific
15.3.5. Middle East
15.3.6. Africa
15.4. Market Attractiveness Analysis by Region
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. U.S.
16.3.1.2. Canada
16.3.2. By Color
16.3.3. By Origin of Bio Pigments
16.3.4. By Type
16.3.5. By Printing
16.3.6. By Packaging
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Color
16.4.3. By Origin of Bio Pigments
16.4.4. By Type
16.4.5. By Printing
16.4.6. By Packaging
17.1. Introduction
17.2. Key Market Trends
17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.3.1. By Country
17.3.1.1. Brazil
17.3.1.2. Mexico
17.3.1.3. Rest of Latin America
17.3.2. By Color
17.3.3. By Origin of Bio Pigments
17.3.4. By Type
17.3.5. By Printing
17.3.6. By Packaging
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Color
17.4.3. By Origin of Bio Pigments
17.4.4. By Type
17.4.5. By Printing
17.4.6. By Packaging
18.1. Introduction
18.2. Key Market Trends
18.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.3.1. By Country
18.3.1.1. Germany
18.3.1.2. Italy
18.3.1.3. France
18.3.1.4. UK
18.3.1.5. Spain
18.3.1.6. Netherlands
18.3.1.7. Norway
18.3.1.8. Russia
18.3.1.9. Rest of Europe
18.3.2. By Color
18.3.3. By Origin of Bio Pigments
18.3.4. By Type
18.3.5. By Printing
18.3.6. By Packaging
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Color
18.4.3. By Origin of Bio Pigments
18.4.4. By Type
18.4.5. By Printing
18.4.6. By Packaging
19.1. Introduction
19.2. Key Market Trends
19.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
19.3.1. By Country
19.3.1.1. China
19.3.1.2. Japan
19.3.1.3. South Korea
19.3.1.4. India
19.3.1.5. Indonesia
19.3.1.6. Thailand
19.3.1.7. Vietnam
19.3.1.8. Australia & New Zealand
19.3.1.9. Rest of Asia-Pacific
19.3.2. By Color
19.3.3. By Origin of Bio Pigments
19.3.4. By Type
19.3.5. By Printing
19.3.6. By Packaging
19.4. Market Attractiveness Analysis
19.4.1. By Country
19.4.2. By Color
19.4.3. By Origin of Bio Pigments
19.4.4. By Type
19.4.5. By Printing
19.4.6. By Packaging
20.1. Introduction
20.2. Key Market Trends
20.3. Pricing Analysis
20.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
20.4.1. By Country
20.4.1.1. Saudi Arabia
20.4.1.2. Turkey
20.4.1.3. U.A.E.
20.4.1.4. Rest of the Middle East
20.4.2. By Color
20.4.3. By Origin of Bio Pigments
20.4.4. By Type
20.4.5. By Printing
20.4.6. By Packaging
20.5. Market Attractiveness Analysis
20.5.1. By Country
20.5.2. By Color
20.5.3. By Origin of Bio Pigments
20.5.4. By Type
20.5.5. By Printing
20.5.6. By Packaging
21.1. Introduction
21.2. Key Market Trends
21.3. Pricing Analysis
21.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
21.4.1. By Country
21.4.1.1. South Africa
21.4.1.2. Nigeria
21.4.1.3. Egypt
21.4.1.4. Rest of Africa
21.4.2. By Color
21.4.3. By Origin of Bio Pigments
21.4.4. By Type
21.4.5. By Printing
21.4.6. By Packaging
21.5. Market Attractiveness Analysis
21.5.1. By Country
21.5.2. By Color
21.5.3. By Origin of Bio Pigments
21.5.4. By Type
21.5.5. By Printing
21.5.6. By Packaging
22.1. Tier Structure Breakdown
22.2. Market Share Analysis
22.3. Production Capacity Analysis
22.4. Company Footprint Analysis
22.4.1. Product Footprint of Players
22.4.2. Regional Footprint of Players
22.4.3. Channel Footprint of Players
22.5. Brand Preference Analysis
22.6. Competition Dashboard
23.1. Kao Collins Corporation
23.1.1. Company Overview
23.1.2. Product & Financial Portfolio
23.1.3. Manufacturing Facilities
23.1.4. Recent Developments
23.1.5. SWOT Analysis
23.1.6. Strategy Overview
23.2. Sun Chemical
23.3. Living Ink Technologies
23.4. Siegwerk Druckfarben AG & Co. KGaA
23.5. INX International Ink Co.
23.6. Wikoff Color corporation
23.7. STS Inks
23.8. Flint Group
23.9. EPTANOVA
23.10. Kwang Myung Ink Co. Ltd
23.11. Gans Ink & Supply
23.12. Toyo Ink India Private Limited
23.13. Huber Group
23.14. Marabu Printing Inks
23.15. Magna Colours Ltd.