Bio-based Pigments and Dyes Market Nature's Vibrancy: Bio-based Pigments and Dyes Market - A Sustainable Coloring Revolution

Global Bio-based Pigments and Dyes Worth $43.9 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Bio-based Pigments and Dyes Market - (By Production (Microorganisms and Plant Origin Material), By Application (Textiles, Pharmaceuticals, Cosmetics, Pens & Inks, Bio-plastic and Food & Beverage)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Bio-based Pigments and Dyes Market is valued at US$ 31.8 Bn in 2023, and it is expected to reach US$ 43.9 Bn by 2031, with a CAGR of 4.23% during the forecast period of 2024-2031.

Bio-based pigments and dyes are plant-derived colorants offering a sustainable alternative to synthetic options. These organic colorants, sourced from renewable resources like fruits, vegetables, and plant extracts, boast superior durability compared to their fossil fuel-based counterparts. Bio-based pigments and dyes find application in a wide range of products and services, including textiles,

printing inks, paints & coatings, and even personal hygiene items.
The textile industry, in particular, is witnessing a surge in demand for bio-based dyes and pigments. The growing popularity of natural and eco-friendly clothing fuels this trend, as consumers increasingly seek sustainable options. Bio-based solutions offer a viable alternative for dyeing textiles without compromising quality.

On the other hand, the construction industry's projected boom due to rapid industrialization and population growth presents a significant market opportunity. Rising global investment in infrastructure development translates to a vast demand for various goods in the coming years, including those colored with bio-based pigments.

However, a potential hurdle lies in the realm of environmental regulations. Increasing global concern for environmental well-being is prompting regulatory changes, which may slow down market growth for certain products that utilize bio-based pigments and dyes.

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List of Prominent Players in the Bio-based Pigments and Dyes Market:
• BASF SE
• Cabot Corporation
• Clariant
• Horizon Research Lab
• Huntsman Corporation
• Kiri Industries
• Kronos Worldwide
• Pili
• Sea Colors
• Stony Creek Colors
• Sudarshan Chemical
• Treffert
• Others

Market Dynamics:
Drivers-
The growing demand for the bio-based pigments and dyes market is fueled by the inherent qualities and benefits of natural safety. The cosmetics, food, and pharmaceutical industries are the latest to make aggregate claims for bio-based pigments. Demand for environmentally friendly pigments and dyes is rising due to growing environmental consciousness.

There will be an increased trend in demand for bio-based products because most consumers like them over synthetic alternatives. Due to the steady rise in these markets, these industries are expected to attract increasing demand in the foreseeable year.

Challenges:
The prime challenge is a lack of awareness, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the bio-based pigments and dyes market. Consumers' ignorance about the advantages of bio-based pigments and dyes and the inadequate infrastructure in some areas limit the market's expansion.

The most significant environmental concerns are water contamination during production, the high metal content of pigments, and the excessive water consumption in the textile sector when rinsing dyes. As a result of the global supply chain disruptions caused by the COVID-19 epidemic, the production and distribution of bio-based pigments and dyes have been impacted. Because of the problems brought about by the restrictions on international trade and transportation, the supply chain has experienced delays and interruptions.

Regional Trends:
The North American bio-based pigments and dyes market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because of ongoing tendencies in the food and pharmaceutical industries.

Demand from various industries, including the fashion, furniture, footwear, and automotive sectors, is anticipated to expand the market. Besides, Europe had a substantial share in the market due to proactive actions taken by governments in several countries in the region. By implementing these safety procedures, service providers can boost their workforce, output, and revenue.

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Recent Developments:
• In October 2023, PILI announced that $15.8 million had been raised in Series A investment to expedite its industrialization and produce the first tons of high-performance bio-based indigo. It was Bpifrance's Ecotechnologies 2 fund that pushed for this funding. Elaia Partners and Famille C Participations were among the other investors.

• In January 2024, Clariant, a German specialty chemical company emphasizing sustainability, announced that it would terminate the production of sun liquid bioethanol in Podari, Romania, and reduce related activities within its Biofuels & Derivatives business line.

Segmentation of Bio-based Pigments and Dyes Market-
Bio-based Pigments and Dyes Market- By Production
• Microorganisms
o Algae
o Fungi/Fungus
o Bacteria
• Plant origin material

Bio-based Pigments and Dyes Market- By Application
• Textiles
• Pharmaceuticals
• Cosmetics
• Pens & Inks
• Bio plastic
• Food & Beverage

Bio-based Pigments and Dyes Market- By Region
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.