Global Indigo Dyes Market Expected to Reach USD 1,365.7 Million by 2030

According to a recent market study published by Growth Market Reports, titled, “Global Indigo Dyes Market” by types, by application, and by regions: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 882.2 Million in 2021 and is expected to grow at a growth rate of 5.1% by the year 2030.

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As per Growth Market Reports industry analyst Anupama Kumari, “Global Indigo Dyes Market is anticipated to witness significant growth during the forecast period 2022-2030. Key players in the Indigo Dyes market increased their focus on introducing Indigo Dyes with research and development and unique materials that provide users with accurate results. These factors are anticipated to boost the Indigo Dyes market during the forecast period.

Indigo dye is an organic compound with a distinctive blue color. Historically, indigo was a natural dye extracted from the leaves of some plants of the Indigofera genus, in particular, Indigofera tinctoria; dye-bearing Indigofera plants were commonly grown and used throughout the world, in Asia in particular, as an important crop, with the production of indigo dyestuff economically important due to the previous rarity of some blue dyestuffs historically.

The increasing use of indigo dye as a natural hair dye is anticipated to drive the global indigo dyes market during the forecast period. Indigo dye is a rich, dark blue dye made from crushed leaves of the indigo plant. It is used to dye the beard and hair. Indigo dye is a natural dye, as opposed to synthetic colors. Indigo has a variety of natural elements that help to strengthen hair and dye grey hair. When combined with henna powder, it gives hair a dark brown or lustrous black color.

The primary, as well as secondary research methodology, is used for keen observation and study of the Indigo Dyes market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs).

These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape.

Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affects businesses causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for the individual market and an enhancement of existing dynamics and limitations. In the long term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally.

In the current scenario, the manufacturers recovering from COVID-19 which has hampered the production process of several manufacturing industries and businesses. Moreover, trade barriers during covid-19 have further reduced the demand-supply of various products and services.

Key Takeaways from the Study

• The players include AMA Herbal Laboratories Pvt. Ltd., Hangzhou Fucai Chem Co.,Ltd, Kirpal Exports, Dystar, Jacquard Products, KMA Exports, TECHNO COLOR CORPORATION, Jihua Group, Taiwan Dyestuffs & Pigments Corp., (HENAN JINHE INDUSTRY CO.,LTD) Yucheng Jinhe Industrial Co.,Ltd, Matrix Pharma Chem, Megha International.

• On the basis of type, the synthetic indigo dyes segment is expected to expand at a CAGR of 5.1%. Synthetic indigo-dyed denim materials have been widely used in garments for many years. Dark blue dyes are widely used for manufacturing textiles for coloring cotton yarn, which increases its demand across industries such as leather, cosmetics, and the drug industry.

• Based on applications, The textile segment is expected to expand at a CAGR of 5.2% during the forecast period. The textile industry is the major consumer of indigo dyes, as indigo dyeing is used for dying fabrics. Continuous efforts are made to enhance existing dyeing procedures in order to conserve dye while enhancing color output and shade control.

• In terms of regions, the global Indigo Dyes markets are split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to expand at a CAGR of 5.5% during the forecast period. With the rise of the Internet, consumers in the region are inclined towards quick shopping, efficient transactions, and easy return policies. Rising online sales is contributing to the growth of the apparel industry, which is expected to drive the indigo dyes market during the forecast period.

Scope of Indigo Dyes Market Report

Indigo Dyes Market Target Audience

• Supply-side: Raw material suppliers and Manufactures
• Demand Side: Consumers (Textile Industry and Non-Textile Industry)
• Regulatory Side: Concerned government authorities, and other regulatory bodies.