Problem with Creating Transparent Background for Product Renders in V-Ray

What you should be looking at is how to build a shadow-catcher material.
You can look for detailed tutorials online by keywords: “V-ray matte shadow catcher material”.

Basic steps:

  1. Create a generic material and use a light gray color for it.

  2. Create a new wrapper material and use the background material as a base

  3. Set Alpha Contribution to -1

  4. Turn on “Matte” option

  5. Turn on “Shadows” option

  6. Apply the material to faces.

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