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Research says, “The Worldwide Organic Functional Dyes Industry is Expected to Reach $3.2 Billion by 2027”

Research says, “The Worldwide Organic Functional Dyes Industry is Expected to Reach $3.2 Billion by 2027”The “Global Organic Functional Dyes Market, By Type, By External Energy, By Application, Estimation & Forecast, 2017 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global organic functional dyes market held a market value of USD 1,891.7 Million in 2020 and is estimated to reach USD 3,214 Million by the year 2027. The market is anticipated to register a CAGR of 8.8% during the forecast period. The market volume for organic functional dyes in 2020 was 35,294.7 tons.

Organic functional dyes are derived from invertebrates and plants. The market is anticipated to grow owing to factors such as increase in application of organic functional dyes in printing inks. Furthermore, growing shift towards adoption of environmentally friendly products along with rising consumer spending is expected to fuel the market growth. However, the high cost of raw material is expected to hinder market growth.

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