[102 Pages Report] Organic Pigments Market was valued at USD 3.55 billion in 2017 and is projected to reach USD 4.67 billion by 2023, at a CAGR of 4.8% during the forecast period. The high demand for organic pigments is due to the changing consumer preference for plastic packaged products.
Get PDF brochure of report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1076
Drivers & Opportunities in global industry:
Packaging plays a very important role in establishing brand value in the minds of customers. The importance of aesthetics in packaging has grown due to the need for product differentiation arising from high competition. This is one of the major reason which is driving the market for organic pigments in printing inks used in packaging. In addition, the absence of heavy metals in organic pigments is also a major driver for this market. Heavy metals are considered to be one of the most harmful substances to human health.
https://www.prnewswire.com/news-releases/organic-pigments-market-worth-4-67-billion-usd-by-2023-875599515.html
BASF SE is mainly focused on innovative and eco-friendly organic pigments and broadening its product portfolio to meet the requirements of its customers in various applications such as coatings, plastics, and printing. BASF adopted organic approaches such as investment & expansion and new product launch strategy to increase its share in the organic pigments market, strengthen its foothold across the globe, and cater to the needs in emerging economies. The company has combined its pigments business and formed a new global business unit based in Germany to focus entirely on the pigments business. In December 2015, BASF expanded its organic pigments production capacities in China and Germany. In China, the company expanded its production capacity for high-performance diketopyrrolopyrrole pigments. In Germany, it expanded the versatile alpha blue pigments production capacity. This development enabled the company to strengthen its position in the organic pigments market.
Clariant AG is one of the leading players in the global organic pigments market with a strong consumer base in APAC and Europe. The company is concentrating on building a diversified product portfolio to enhance its presence in varied fields and gain a competitive advantage over other companies. As a part of its growth strategy, the company concentrates on expanding its customer base through agreements & partnerships. The company plans to develop more high-performance pigments for plastics and coatings applications to increase its revenue. In May 2018, Clariant launched two new organic pigments, namely, Ink Jet Magenta E-S VP6057 and Ink Jet Orange GR VP6102 for ink jet application. This development will enable the company to strengthen its product portfolio.
Asia Pacific is the largest and the fastest-growing market for organic pigments due to the rising demand from packaging, automotive, and construction industries in the region. In addition to this, the increasing population in Asia Pacific countries present a significant customer base for FMCG products and food & beverages, which is expected to lead to the growth of the packaging industry. The growth in the packaging industry is also expected to drive the market for organic pigments in the region.
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in Organic Pigments Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1076
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Get PDF brochure of report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1076
Drivers & Opportunities in global industry:
- Growing Importance of Aesthetics in Packaging
- Stringent Regulations for the Use of Printing Inks in Food Contact Materials
- Increasing Demand for High Performance Pigments
Packaging plays a very important role in establishing brand value in the minds of customers. The importance of aesthetics in packaging has grown due to the need for product differentiation arising from high competition. This is one of the major reason which is driving the market for organic pigments in printing inks used in packaging. In addition, the absence of heavy metals in organic pigments is also a major driver for this market. Heavy metals are considered to be one of the most harmful substances to human health.
https://www.prnewswire.com/news-releases/organic-pigments-market-worth-4-67-billion-usd-by-2023-875599515.html
BASF SE is mainly focused on innovative and eco-friendly organic pigments and broadening its product portfolio to meet the requirements of its customers in various applications such as coatings, plastics, and printing. BASF adopted organic approaches such as investment & expansion and new product launch strategy to increase its share in the organic pigments market, strengthen its foothold across the globe, and cater to the needs in emerging economies. The company has combined its pigments business and formed a new global business unit based in Germany to focus entirely on the pigments business. In December 2015, BASF expanded its organic pigments production capacities in China and Germany. In China, the company expanded its production capacity for high-performance diketopyrrolopyrrole pigments. In Germany, it expanded the versatile alpha blue pigments production capacity. This development enabled the company to strengthen its position in the organic pigments market.
Clariant AG is one of the leading players in the global organic pigments market with a strong consumer base in APAC and Europe. The company is concentrating on building a diversified product portfolio to enhance its presence in varied fields and gain a competitive advantage over other companies. As a part of its growth strategy, the company concentrates on expanding its customer base through agreements & partnerships. The company plans to develop more high-performance pigments for plastics and coatings applications to increase its revenue. In May 2018, Clariant launched two new organic pigments, namely, Ink Jet Magenta E-S VP6057 and Ink Jet Orange GR VP6102 for ink jet application. This development will enable the company to strengthen its product portfolio.
Asia Pacific is the largest and the fastest-growing market for organic pigments due to the rising demand from packaging, automotive, and construction industries in the region. In addition to this, the increasing population in Asia Pacific countries present a significant customer base for FMCG products and food & beverages, which is expected to lead to the growth of the packaging industry. The growth in the packaging industry is also expected to drive the market for organic pigments in the region.
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in Organic Pigments Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1076
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Comments
Post a Comment