Global Low VOC Ink Market: Industry Analysis Novena

  • Location: Novena, Singapore

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Global Low VOC Ink Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2019 at a CAGR of 5 % during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. Low VOC Ink Definition: Low VOC (Volatile Organic Compound) inks are vegetable or soy-based inks having minimum impact on the environment making them eco-friendly. It has more than 60 per cent raw materials made of bio-based and renewable sources. Global Low VOC Ink Market Dynamics: Low VOC inks are considered as more sustainable inks using a variety of renewable sources for various applications, which is the main factor driving the growth of the Global Low VOC Ink Market. Low VOC inks made from soy-based provides excellent press stability in light coverage situations and dot reproduction on coated and uncoated substrates, which has good gloss. Increasing environmental concerns and the influence of the regulatory authorities to update standards for printing have increased the demand for vegetable oil-based and biodegradable inks worldwide. Vegetable oil-based and biodegradable inks help in the elimination of the use of mineral oils in the inks and conservation of non-renewable resources, which is also a driving factor for the growth of the Global Low VOC Ink Market. Also, Low VOC inks enable efficient separation of ink from the paper for the recyclability of the paper. Stringent government regulations on food packaging are expected to act as a challenge to the growth of the Global Low VOC Ink Market. Regulations suggest that the ink should not come in contact with the food product or it should not get transferred to the food product inside, which has resulted in the usage of substitutes like 3D printing. But printers in the offset segment are improving technologically for making it environment friendly, which is expected to generate huge opportunities for the Global Low VOC Ink Market during the forecast period. Methane is used in the Low VOC ink, which evaporates in the environment causing air pollution. The creation of air pollution either indoor or outdoor is expected to hamper the growth of the Global Low VOC Ink Market. Global Low VOC Ink Market Segment Analysis: The report groups the Global Low VOC Ink Market in different segments by Printing type, application, End-Use, and region to forecast the revenues and analyze the market share of each segment over the forecast period.
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Published date: June 22, 2021

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