Packaging & Board Applications to Majorly Drive Demand for Paper Dyes: Fact.MR
Published : 30 Nov -0001 Industry: Chemical & Materials
The global paper dyes market is poised to surpass US$ 1 billion, expanding at a little over 2% in terms of value CAGR across the 2021-2031 forecast period, concludes Fact.MR’s recently published report. Demand is expected to remain sustained amidst growing adoption of paper-based packaging solutions across various industries.
Historically, the market performed moderately, expanding at under 2% CAGR to surpass US$ 950 million in 2020. This moderate outlook is an outcome of the recessionary impacts ushered in by the COVID-19 pandemic on industrial production, particularly regarding chemicals & materials. Growth is expected to remain sustained amidst the surging need for disposable hygiene products.
According to the World Health Organization, mortality rates from communicable diseases have registered a significant decline in the past 20 years. While pneumonia and other lower respiratory infections claimed many lives in 2019, it was much lesser compared to 2000. Also, tuberculosis-related deaths have also fallen drastically. This is mostly an outcome of increased consciousness regarding personal hygiene, prompting consumers to purchase tissue papers, toilet papers and other paper products, driving demand for paper dyes.
Key Takeaways from Market Study
- By application, paper dyes for packaging & boards to expand at nearly 5% CAGR through 2031
- Prominent end users to largely prefer basic dyes, with the segment expanding at a CAGR of nearly 3%
- Sales of direct dyes and sulphur dyes to jointly expand at over 4% CAGR through 2031
- By form, liquid paper dyes to hold sway, expanding at nearly 4% CAGR in the long run
- The U.S. paper dyes market was valued at above US$ 250 million in 2020, amid high uptake across e-Commerce
- Prospects likely to appear highly optimistic across China, expanding at 4% CAGR to surpass US$ 400 million
“As demand for flexible and lightweight packaging increases, industries are incorporating paper-based packaging solutions, inclining demand for paper dyes across key regions,” says a Fact.MR analyst.
Prominent paper dye manufacturers in Fact.MR’s study include BASF SE, Archroma, Cromatech Inc., Atul Ltd., Alliance Organics LLP, Keystone Aniline Corporation (Milliken & Company), Bhanu Dyes Private Limited, Burboya, DyStar Singapore Ltd., Axyntis SAS, and Shreem Industries.
- In March 2021, Milliken & Company formally acquired Zebra-Chem GmbH, a global chemicals company, known for its peroxide and blowing agent masterbatches. This acquisition will enable the company to strengthen its portfolio in recycled plastic and other chemicals.
- Burboya, a prominent Turkish dyes manufacturer, offers paper dyes produced from fenazol. The company initiated the business in 2012, and empowers clients by providing unique, cost effective formulations, customized color preferences and enhanced quality products.
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the paper dyes market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of application (packaging & boards, coated paper, writing & printing, tissues, and other applications), form (powder and liquid), and type (sulphur dyes, direct dyes, acid dyes, and basic dyes), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
Fact. MR’s Domain Knowledge in Chemicals and Materials
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Shambhu Nath Jha
Consultant – Chemicals and Materials