Global Low VOC Inks Market: Introduction
VOC stands for Volatile Organic Compound which is a chemical compound that can naturally possess enough vapor pressure to evaporate under normal condition. Low VOC inks are generally soy or vegetable based, making it environment friendly and having minimum negative impact on the environment. More than 61% of its raw material comprises from bio-based, renewable sources. Vegetable oils account for nearly three fourth of that percentage. In addition, low VOC ink is usually an adequate control for lithographic printing which is expected to boost sales of products such as low VOC inks, at a time when there is a high demand for sustainable ink system, both from the supply-side and demand-side. Therefore, the outlook for the growth of the global low VOC inks market is expected to be largely positive during the forecast period.
Global Low VOC Inks market: Dynamics
The global low VOC inks is anticipated to grow on the backdrop of the global sustainable ink system growth, during the coming years and beyond. Low VOC inks are manufactured using a variety of renewable sources to suit various applications and markets. In addition, low VOC inks offers printers a greener and more sustainable ink system owing to which low VOC inks market is expected to witness positive growth during the forecast period. Some of the key trends observed in the low VOC inks market are the use of soy-based inks that provide excellent press stability especially in light coverage situations. The low VOC inks also provide sharp dot reproduction on a variety of coated and uncoated substrates that have a good gloss and are rub resistant. This is also one of the driving factor to fuel up the demand of low VOCs inks market. In spite of the positive outlook for growth, there are certain dynamics, which might hamper the growth of the global low VOC Inks market during the forecast period. Methane is also a part of VOC that evaporates and the fumes create smog and air pollution. This creates indoor air pollution and also causes sick house syndrome. For low VOC inks market to witness higher demand, more consumers need to be made aware regarding the advantages of sustainable ink system.
Global Low VOC Inks market: Segmentation
The global low VOC inks market has been segmented as –
On the basis of print process, the global low VOC inks market has been segmented as –
On the basis of application, the global low VOC inks market has been segmented as –
- Flexible Paper
- Folding Carton
- Corrugated Box
Global Low VOC Inks Market: Geographical Outlook
The global Low VOC Inks market has been divided into seven key regions –
- North America
- Latin America
- Asia Pacific excluding Japan (APeJ)
- Middle East & Africa (MEA)
- Western Europe
- Eastern Europe
The North America low VOC inks market is expected to retain the leading position during the forecast period. This is attributed to a large eco-friendly sustainable ink system in this region. The Western European region is also expected to witness sizeable demand for low VOC inks market, as manufacturers look to make a move from conventional to sustainable inks system due to its excellent drying capability. Growth in the APeJ region is anticipated to be gradual, during the next ten years, with India and China emerging as the hub for sustainable growth of the system. The Latin America retail industry is still on the path to recovery from the effects of the recession of 2015. However, post-2020, the retail sector in the region is expected to gain momentum, resulting in more sales of sustainable ink system with low VOC inks.
Global Low VOC Inks market: Key Market Participants
Few of the key market participants operating in the global Low VOC Inks market are – DIC Corporation, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink S.C. Holdings, and INX International Ink Co. among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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