The paper dye market is expected to grow at a high CAGR of 3.02%, accounting for a higher market value of approximately USD 1008.2 million by the end of the forecasted period.
Packaging is one of the fastest-growing industries in the world because it aids in exporting goods worldwide. With the expansion of the paper industry in emerging countries such as China and India, global demand for paper dyes in packaging and board applications is increasing significantly. Additionally, the e-commerce industry’s demand for paper packaging and boards drives global demand for paper dyes. The growing demand for cardboard from the retail industry and plastic bans in several countries are driving growth. Furthermore, one of the key factors driving demand for the Paper Dyes Market is the rising demand for paper and paperboard products such as tissue paper for household sanitation and hygiene, printing and writing paper, and packaging paper, among others.
The global pandemic of COVID-19 has had a negative impact on people’s normal lives. With the spread of COVID-19, people are now dealing with financial and health crises. This has pushed the economies into a forced recession. During the lockdown, most paper dye manufacturing units were shut down, significantly dropping sales revenue. The disrupted supply chain also impacted the paper dye market’s profit margins. However, the market recovered in 2021, and as the world population is vaccinated and lockdown protocols are lifted, the Paper Dyes Market is expected to grow significantly between 2022 and 2030.
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Market segmentation:
The worldwide paper dye market is segmented by form, type, and application.
According to the form:
According to the type:
According to the application:
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Regional analysis:
The global paper dye market has been segmented into South America, North America, Asia-Pacific, Europe, the Middle East and Africa, and the rest of the world is the most important.
Asia-Pacific has the largest market share and is expected to grow at a faster CAGR of 3.12% over the forecast period. The region’s paper industry is expanding at a rapid pace. The Asia-Pacific is the largest producer and consumer of paper, and strong government initiatives and ongoing projects will boost the APAC market.
The European region holds the second-largest market share in the global paper dye market, owing to the presence of powerful countries and higher CAGR growth to account for higher market value. The North American region holds the third-largest market share in the global paper dye market, accounting for a higher CAGR of 21% due to increased demand for the coating industry in the global market. The demand for paper dye is increasing in these regions due to stringent environmental regulations imposed by the governments of these regions.
Key Players
BASF (Germany), Archroma (Switzerland), Atul Ltd. (India), Synthesia(Czech Republic), KEMIRA OYJ (Finland), Axyntis Group (France), Vipul Organics (India), Keystone Aniline (U.S.), Cromatos (Italy), Thermax (India),Organic Dyes and Pigments (U.S.)
Recent developments:
Ahlstrom-Munksjö introduced the EcoJetTM Transfer S Series for digital transfer printing applications in January 2022. High-quality transfer papers, superior printing and transfer resolution, high ink acceptance and rapid ink drying are part of the new product line, making them ideal for hard surface image transfer. Ahlstrom-versatile Munksjö’s EcoJet line includes Transfer Paper (Dye Sublimation) and Protection Tissue for digital transfer printing on household items, clothing, and technical and visual communication materials. The EcoJet series is made from responsibly sourced wood pulp certified by the Forest Stewardship Council.
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