The global bio-based inks and coatings market in 2021 is estimated to be worth $5.86 billion; it is due to reach $8.57 billion by 2026. Innovation is expected to occur in all areas of inks and coatings raw materials including solvents, pigments, additives, and resins.
A bio-based material is made from substances derived from living organisms. The bio (carbon) content is based on the amount of biogenic carbon present. It excludes fossil fuel derived petrochemicals.
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What does this report cover?
- The regional markets expected to have the largest focus on bio-based inks and coatings
- The legislation governing the industry and its subsequent impact on bio-based inks and coatings
- Analysis of the competitive landscape, technology, print processes, raw material availability, sustainability trends
- Current and future impact of Covid-19 on the industry.
The report addresses the consumption of bio-based inks and coatings, with forecasts by metric tonnes and by value. It discusses a potential Covid-19 scenario that takes into account the impact on bio-based ink and coating growth should there be a worse global economic recovery than currently expected by the International Monetary Fund (IMF). Print-related inks and coating demand are largely impacted by factors including GDP and growing global population. Value is influenced by raw material pricing. Later sections of the report further segment the data by region, end use, print process, technology type and product type.
What will you discover?
What methodology is used?
- The bio-based inks and coatings market is expected to grow to a value of $8.5 billion in 2026 driven by sustainability and regulatory requirements
- Offset litho inks have the most penetration today predominantly in the publishing and graphics markets
- Traditional litho markets such as publishing continue to decline as electronic communications replace print. The loss here will be offset by growth in packaging as well as ink and coating reformulations in order to increase the amount of bio-based content
- Asia Pacific will lead the way particularly in China as the industry focuses on water-based and bio-based technology developments to meet increased regulatory restrictions on volatile organic compounds (VOCs) and carbon emissions.
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with print suppliers and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy this report?
About the author
- Brand owners
- Inks and coatings manufacturers
- Raw materials manufacturers
- Packaging converters
- Analysts and consultants
Kelly Lawrence is a recognized business growth expert with over 20 years of print industry experience. A print specifier with Fortune Brands' Moen, and a print innovator with Berkshire Hathaway's Lubrizol, Lawrence now serves as an Associate Consultant with Smithers. Lawrence left Lubrizol in 2020 to set up Lawrence Innovation, a new business growth advisory, with a mission to help leaders accelerate growth by converting market insights into practical action plans that deliver significant new business results. Lawrence's clients learn the process, insights, strategy, and tactics required to deliver sustainable new business results with higher ROI.