The global organic pigments market to grow from US$ 4.3 billion in 2023 to US$ 6.5 billion in 2033. This represents a CAGR of over 4.0% during 2023 to 2033.
Natural pigments are gaining traction; they are sustainable and comply with environmental regulations for use in a variety of applications. In addition, prolonged exposure these does not pose any health hazards for humans.
Demand for high-performance organic pigments will rise as consumers become more environmentally conscious. Organic pigments are extensively used in niche applications like the production of advertising and packaging leaflets and catalogs due to their ability to produce vivid colors that can be targeted strategically to ensure growth.
Long-Term Growth Opportunities (2029-2033): Rising demand for packaged food across the globe and an increase in urbanization have led to a boost in demand for confectionaries across the globe. This has induced the demand for the pigments used in food and beverage packaging application
Organic Pigments Market – Key Driving Factors
The surge in demand from automotive and construction industries of developing economies is presenting growth opportunities for manufacturers.
Organic pigments are finding applications in niche end-use segments such as the production of advertising and packaging leaflets, owing to their ability to provide a bright and intense display of colors.
Manufacturers in end-use segments are opting for organic pigments as a befitting alternative to artificial pigments due to environmental factors, thereby further propelling the demand.
Organic Pigments Market – Key Restraints
The higher production cost and lower production quantity of organic pigments are likely to limit its applications in certain end-uses, thus impacting the growth of the overall market.
Key Takeaways from Market Study:
- The global organic pigments market is valued at US$ 4.3billion in 2023.
- The organic pigments market is projected to hit US$ 6.5 billion by 2033.
- The market for organic pigments is estimated to expand at a CAGR of 4.0% from 2023 to 2033 (forecast period).
- The United States market garnered US$ 5 billion in 2022.
- 0% of organic pigments are used in paints & coatings.
Competitive Landscape:
Prominent organic pigments manufacturers are BASF SE, Clariant AG, Dominion Colour Corporation, DIC Corporation, Pidilite Industries Ltd., and many more.
Manufacturers positioned in US and Europe is focusing on lowering the cost of production and enhancing their product portfolio while on the other hand, Asia Pacific players are trying to augment their sales by channeling their products to tier-1 end-users.
Fact.MR has provided detailed information about the price points of key manufacturers of organic pigments positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
These insights are based on a report on Organic Pigments Market by Fact.MR.
