Plant Oil Based Printing Inks Market: An Overview
Plant oil based printing ink is made by adding the pigments of the desired colour in the plant based oil. The inks made from plant oil are the best substitutes for petroleum and chemical based inks, which are harmful to the environment. The oils such as, soybean, safflower, sunflower and cottonseed are used to manufacture these inks which makes it an eco-friendly solution, also the environmental friendliness of these inks adds to its popularity.
The chemicals and other numerous hazardous substances in paints, as well as inks, are highly inflammable and are always a high risk to the working facility. All these factors make these chemical based inks a lesser suitable option, hence making plant oil based inks the best suited alternative for today’s modern day organization. The current market for inks made from plant oils is growing at a staggering rate and is expected to grow rapidly over the forecasted period.
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Plant Oil Based Printing Inks Market: Dynamics
The consumers of the modern day are attracted towards the brands using environment friendly practices in their production, along with bio-degradable materials in the products. Due to these market trends and consumer preferences, manufacturers and end users are forced to switch from hazardous chemical based printing inks towards plant oil based inks for printing as well as painting & other usages.
Multinational organizations along with more environmentally concerned organizations using sustainable practices for minimizing the negative impact on the earth are adopting plant oil based inks and positively adding to the growth of plant oil based printing inks market globally.
Among the principal drivers for the plant oil based printing ink is in long run the petroleum ink has adverse effects on the workers and also adds to the industrial pollution which affects the ozone layer, so these harmful effects are advantageous for plant oil based printing inks to market globally. The shortage of raw materials for plant oil based printing inks and price fluctuations of plant based oils used for making printing inks are some of the factors which would hamper the growth of global plant oil based printing inks market.
Plant Oil Based Printing Inks Market: Segmentation
Based on End Use:
- Commercial printing
- Print media
Based on Oil Type:
- Sunflower oil
- Soybean oil
- Cottonseed oil
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Plant Oil Based Printing Inks Market: Regional Outlook
The robust infrastructural development and rapid industrialization mainly in the countries of China and India, Makes the Asia-Pacific region a top producer of the plant oil based inks market. Along with that rising population, increase in literacy and introduction to technology to untapped consumer economies makes Asia the top consumer of inks from plant based oil.
With the need for pollution free materials for manufacturing as well as printing and strict laws against usage of hazardous materials which damages the environment, Europe is offering a lucrative opportunity currently and for the years to come for the plant oil based inks market.
In the North American region countries like the US and Canada has the most environmentally concerned consumer groups, also the rapid trends of modern printing are increasing among the youth of the population. All these factors indicate a surge in demand for inks that are made from plant oil, and growth in North America.
The rate of urbanization and rapid growth opportunities offered by the developing regions of the Middle East & Africa, and rising end user industries of plant oil based inks make it an emerging as well as the potential market for the coming decade.
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Plant Oil Based Printing Inks Market: Key Players
Major players providing Plant Oil Based Printing Inks are
- Siegwerk Druckfarben AG & Co.
- Nazdar Ink Technologies
- Wikoff Color Corp.
- Sun Chemical
- Son Holland Ink Corp.
- Superior Printing Inks
- Rupa Colour Inks
- RISO KAGAKU CORPORATION.
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