TAGS: Inks
The global pigment dispersion market size is anticipated to reach USD 29.5 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 3.9% over the forecast period. Growing demand for colored packaging material, which plays an important role in product presentation along with influencing the buying behavior of consumers at the point of sales.
As a result, the demand for pigments in packaging is projected to increase over the forecast period. Pigment dispersions and dyes are used in printing inks for printing texts, images, and designs on clothes, packaging labels, etc.
Recent Developments in Digital Printing
Recent developments in
digital printing including creasing, digital carton cutting, and other completion technologies are contributing to the increased potential for pigment dispersion in printing applications. Digital printing is used in various packaging solutions, such as corrugated & flexible packaging and folding carkilotons, which are experiencing growth trends and are anticipated to eventually drive product demand over the forecast period.
Various paper, plastic, and paperboard materials are used based on their applications in food packaging. Foods, such as breakfast cereals, require multi-layer packaging to keep the product crisp throughout its shelf life.
Pigment Dispersion Market Report Highlights
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The market was valued at USD 26.2 billion in 2019 and is estimated to register a CAGR of 3.9% from 2020 to 2027
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Inorganic pigment dispersion is more economical than organic pigment dispersion and offers easier dispersion properties on various substrates owing to its smaller particle size
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Coatings was the largest application segment in 2019. Due to growing number of green building construction projects, organic pigments used in coatings are anticipated to have a considerable demand
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Inks application segment is estimated to register the fastest CAGR from 2020 to 2027 owing to high demand for pigment dispersion ink, which provides better coloring to the printing ink as compared to dyes
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Led by China, Asia Pacific was the largest regional market in 2019 and is projected to maintain its leading position throughout the forecast period
Source: GVR