SouthAfrica Printing Inks Market: Introduction
The printing inks market in South Africa was valued atUS$ 120 Mnin 2020 and is anticipated to expand at a CAGR of ~7% during theforecast period of 2021 to 2031. The printinginks market in South Africa is driven by the increase in demand for printinginks in publication and commercial printing industries; and rapid expansion ofthe digital printing industry in the country. The inclination toward packagedproducts has been rising in South Africa. This trend is responsible for thegrowth in the demand for printing inks in the packaging sector in the country.Superior properties of printing ink constituents such as pigments, binders,solubilizers, and additives to produce text, design, or images; and changingconsumer preference are expected to boost the demand for printing inks in SouthAfrica in the near future. The wide usage of printing inks in the newspaperindustry is boosting the printing inks market in South Africa. Printing inkshelp reproduce and transfer an image from a printing surface.
KeyDrivers of South Africa Printing Inks Market
Printinginks are made of solutions of dyes and insoluble colors. The printing industryin South Africa plays a valuable role in the economy and provides significantemployment opportunities. Around 2,000 commercial printing companies operate inthe country. Most of these are small, medium, and micro enterprises (SMMEs).Approximately 1,000 companiesprovide pre-press services, such as design and layout, or post-press services,including finishing and binding. Thus, rapid expansion of the printing industryis expected to boost the printing inks market in South Africa during theforecast period. The demand for printing inks is increasing in South Africa,owing to the extensive usage of these inks in various commercial processindustries. Printing inks are employed to print details regarding products ontheir packaging. The increase in stringent regulations to enhance transparencyabout packaging products in order to avoid adverse health consequencesresulting from inhalation of toxic substances is estimated to propel theprinting inks market in South Africa during the forecast period.
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Therapid expansion of publication & commercial printing, packaging, textiles,metal cans, and decorative inks industries offers immense potential for theprinting inks market in South Africa. The growth of the packaging industry isalso boosting the printing inks market in South Africa, as printing inks aremostly used in packaging to convey information to customers regarding theproduct. The availability of inexpensive labor, favorable government policies,strong manufacturing base, and shift in manufacturing facilities of printinginks from the western regions to South Africa are expected to boost theconsumption of printing inks in the country.
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StringentRegulations, High Cost of Raw Materials to Hamper South Africa Printing InksMarket
Theimplementation of stringent regulations over the usage of volatile organiccompounds is likely to hamper the printing inks market in South Africa. Theemission of volatile organic compounds poses a threat to the environment.Flexographic and gravure printing inks are primarily used with solvents as basematerials. These printing methods are widely employed in flexible packaging,especially in food and beverage applications. Solvent-based inks consist ofinorganic solvents and toxic metals such as cadmium, hexavalent chromium, lead,and mercury. These lead to various health hazards when they come into directcontact with edibles. The number of safety regulations in South Africa hasincreased in order to avoid adverse health consequences from the intake oftoxic substances. This is likely to hamper the printing inks market in SouthAfrica.
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Thetrend of eCommerce and e-literature/tickets/coupons is rising at a significantrate across the globe. This is impacting the market in South Africa as well,thereby creating a negative impact on the conventional publication &commercial printing industry. Thus, substantial decrease in paper-basedcommunication channels is estimated to hinder the printing inks market in thecountry. The growth in trend of eCommerce (including e-books, event tickets,sporting goods, toys, hotels, and airline reservations) is projected toadversely affect the printing inks market, thereby acting as a restraint forthe printing inks market in South Africa.
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