The growth in the consumer goods as well as the increasing customer preference for online retail shopping have gathered huge demand within the industry packaging industry. While the increasing trend of globalization caused replacement of many paper based printing solutions, the rising demand from the packaging industry has given a strong impetus for producing ecologically viable packaging as well as printing solutions. Keeping this in mind, although a vast majority of printing ink solutions are still produced from the petrochemical feedstock, a large number of manufacturers and players in the printing ink industry have turned their attention towards production of ecologically viable printing ink products.
Major trend influencing this decision and resulting in an increased demand in the global vegetable based inks market includes the rising need for sustainable ink products. Furthermore, this trend is additionally intensified by the increasing legislative burden faced by the ink manufacturers that stipulates and engorges the need for developing unique and sustainable products that have a relatively smaller ecological footprint, as compared to the traditionally produced ink products using petrochemical feedstock. Thus, many manufacturers and players in the printing inks market are turning their attention towards entering into global vegetable based inks market.
Shift from Traditional Inks to Vegetable Based Inks Favours Both Manufacturers and End Users
Additionally, the issue of resource scarcity, which is particularly evident in the matters of petrochemical ink production materials, such as various polymeric additives, solvents, and binders. This has resulted in a wide number of players and manufacturers in the global vegetable based inks market to shift from production of UV curing as well as water based VOC ink systems to the production of novel and sustainable solvent based inks. Another interesting trend witnessed in the global marketplace, that influences the heavy adoption of the solutions from the global vegetable based inks market is the relatively low amount of volatile organic compounds or VOCs that are released during the printing processes that use products in the global vegetable based inks market.
Some other supportive factors that heavily influence the adoption of unique and ecologically responsible products in the global vegetable based inks market include the growing level of environmental awareness amongst both producers of printing inks as well as the general populous and the rising number of standards and regulations put forth by governments across the world to restrict the usage of harmful polymers that produce higher carbon footprint during the production. Additionally, the products and solutions in the global vegetable based inks market also feature lower cost of equipment as well as reduced time required for dying, making them a lucrative commodity for both producers as well as end users.
Manufacturers Leveraging Modern Production Technologies in Vegetable Based Inks Market
The manufacturers and players working in the landscape of the global vegetable based inks market are exploring various types of raw materials i.e. plant extracts and compounds to produce a new array of innovative products in the industry. Some of the major types of plant based feedstock utilized in the production of the products in the global vegetable based inks market in current scenario include flint ink as well as soy based ink. These products and solutions in the global vegetable based inks market are utilized for several major applications, including publication, labelling and packaging, and commercial printing, among others.
The landscape of the global vegetable based inks market is filled with various major players and manufacturers, such as renowned Huber Group, Earth Inks Group, Sun Chemical, 3INX International Ink Co., Gans Ink, and Synthotex Chemicals Pvt. Ltd., among others. The manufacturers and players operational within the landscape of the global vegetable based inks market are leveraging new and latest production and manufacturing technologies to diversify their portfolio of products and generate high quantity of high quality products with minimal downtime.