Pigment Dispersion Market Share

Regionally, the global pigment dispersion market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is set to account for largest revenue share of 58% by 2037, attributed to growing demand for packaging materials in end-user industries. For instance, according to the statistics by the Indian Institute of Packaging (IIP), the consumption of packaging in India has increased by over 200% in the past decade, growing to 8.6kgs per person per annum (pppa) from 4.3 kgs pppa. On the other hand, according to the statistics by the Indian Brand Equity Foundation (IBEF), the packaging industry in India is expected to touch USD 204.81 Billion by 2025, up from USD 50.5 Billion in 2019. The market in the Asia Pacific is segmented on the basis of country into China, India, Japan, South Korea, Singapore, Vietnam, Australia, and the Rest of Asia Pacific. Out of the market in these countries, the market in China is expected to hold the largest market revenue of USD 11101.6 Million by the end of 2030, whereas the market in India is projected to grow with the highest CAGR of 6.85% during the forecast period.