Bio based Pigments and Dyes Market

Bio-based Pigments and Dyes Market (2022-2032)

The present valuation for the global bio-based pigments and dyes market is USD 30,305 Million in the year 2022. The market is growing with a CAGR of 4.5% in the forecast duration. The bio-based pigments and dyes market is likely to exceed USD 47062.74 Million by end of 2032.

Report Attributes	Details
Bio-based Pigments and Dyes Market size (2022 A)	USD 30,305 Million
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 47,062.74 Million
Global Market Growth rate (2022-2032 E)	CAGR 4.5%
Key Companies Profiled	Pili Stony Creek Colors Sea colors Treffert Clariant Horizon Research Lab

Primary Drivers Influencing the Bio-based Pigments and Dyes Market

The inherent values and characteristics of natural safety drive demand for bio-based pigments and dyes. Aggregate claims for bio-based pigments are emerging from the pharmaceuticals, cosmetics, and food and beverage industries. These industries are likely to fetch more demand in the forecast duration owing to the consistent growth in these markets.

Rising environmental consciousness is propelling demand for sustainable pigments and dyes in the market. The majority of preference for bio-based products is because customers see them as alternatives for synthetic options likely to drive demand trajectory upward in the forecast duration.

Use in multifaceted applications and strengths in colours are characteristics marking the mainstay of bio-based pigments and dyes. The products matching the needs of customers are increasing the scope for customer loyalty in upcoming years, impacting positively on the manufacturers’ innovation.

Bio-based Pigments and Dyes: Alternatives that are the right for the future environment

Bio pigments find application in the making of bioplastic, which is considered a strong alternative to conventional plastic products. The industrially produced plastic previously consisted of cellulose factors. Moreover, with rising in research and gradual environmental awareness invited new interesting ways the making bioplastics.

The material properties, such as durability and degree of deformation, can be controlled during the manufacturing process. These bio-based pigments and dyes have application production of long-life items.

There are “colorants” that determine the material’s appearance. There are broadly two kinds of colourants used to colour products: pigments and dyes. These pigments may be either organic or inorganic in structure. Moreover, they are insoluble both during the processing of plastics and even as a final product. Organic pigments normally being preferred due to lower opacity and greater colour strength.

Other factors that must be focused on by manufacturers include colour particle size and dispersion. On the other hand, dyes are capable of dissolving into materials that keep the transparent appearance of products intact. However, manufacturers need to research the durability of bio-based pigments and dyes for more sustainable product creation.

Restraints in Product Management

There is a certain amount of confusion associated with the term natural pigment owing to no legal definition for what could be natural. There is no specific definition adopted for natural, which leads to confusion among both consumers and manufacturers in the bio-based pigment and dyes industry. With the lower risk advantage and non-carcinogenic properties, there is rising interest in the development of natural colors, and the growth in this segment is projected to rise with a 7% growth rate annually in the forecast duration.

Segment wise analysis

Changing Textile industry: Bio Pigments, Natural Polymers, Bacterial Dyes

The textile industry is likely to see fasted CAGR in terms of demand for bio-based pigments owing to rising apparel demand propelled by an accelerating population rate. The rising population globally has contributed to growth in textile-led demand for natural polymers.

After bioplastics, bio-ink is elevating the application sector for bio-based pigments and dyes in the forecast period. The colouration process has been associated with the textile sector since ancient times, so as the environmental challenges in the dying process.

Major challenges of the textile dying process are water contamination and the use of harmful synthetic chemicals. The bio-based pigments and dyes can address this issue to a great extent. There is rising research on the use of fungal pigments in the textile industry. Their non-toxicity, higher yield during production, and natural safety are likely to make bio-based pigments and dyes popular as promising alternatives for synthetic dyes in the forecast period.

Microbial pigments are in demand owing to research on food colors

Microbial pigments are useful in food sectors such as carotenoids, melanins, and violaceus, in food color making. The need to change food colors from synthetic to natural drives the demand for microbial pigments. The research in natural food colors has contributed to shifting the perspective toward microbial pigments.

The World health organization (WHO) and the United States food and drug administration (FDA) have authorized the use of controlled dosages of these colors in cosmetics, food, and drugs. This anticipated rising demand for microbial pigments in the assessment period.

Regional Insights

The sales in the Asia Pacific region are centered in two countries – India and China. The main reason for this rise is the higher rate of population growth. The rising populace demands more from the food and textile industry, where dyes and pigments have direct applications. This is anticipated to become a major market for the food and apparel sector. This region is expected to rise with the fastest CAGR for the forecast period.

The North American region, including Canada likely to see positive statistics in forecast duration owing to the rise in research in biotechnology.

Moreover, European countries like Germany and France are likely to see sluggish growth prospects owing to steady trends in the pharmaceuticals and food sectors. The top 13 manufacturers in the paint industry in Europe have acquired 65% of the market share, which signifies the dominance of a few companies in this region.

Recent development

Corporations and states across the globe are paying attention to rising concerns about global warming and pollution levels. The governments in this regard have started to form regulations and create awareness of environmentally sustainable manufacturing.

Guided by the need for sustainability, manufacturers across the globe shifted focus from synthetic to bio-based products. The paint coating industry is not an exception. This industry has a scattered share yet high competition. The local manufacturers in the paint industry have higher power to bargain and take advantage of customer loyalty. At the same time, international players are trying mergers and acquisitions to increase their brand identity and geographical reach.

• In the Asia-pacific region, in 2019, Nippon Paint recorded the highest market share with approx. 7.74%. The company was followed by Akzonobel (4.54%), Sherwin Williams (4.20%), and Kansai Paint (4.20%).
• Stony creek colors company recently developed farms to fashion supply chain network which integrates the color with life technology to progress with plant-based dyes for their apparel product range.
• In 2021 RPM international company purchased a Texas manufacturing plant intended to meet the rising demand of customers and enhance operational efficiencies.

Bio-based Pigments and Dyes Market: Segmentation

• By Production :

  • Microorganisms
    • Algae
    • Fungi/Fungus
    • Bacteria
  • Plant origin material

• By Application :

  • Textiles
  • Pharmaceuticals
  • Cosmetics
  • Pens and Inks
  • Bio plastic
  • Food and Beverage

• By Region :

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)