Printing Inks Market: An Overview
According to the latest report by Reports and Data, the Global Printing Inks Market size is forecast to grow at a CAGR of 4.9%, from USD 19.13 billion in 2019 to reach USD 28.15 billion by 2027. Increasing demand for printer ink components such as pigments, binders, solubilizers, and additives to manufacture text, design, or photographs would drive the market growth. Increasing demand from the packaging industry and industrial printing, as well as shifts in market trends, are projected to create considerable growth opportunities for the market in the coming years.
Printing inks include pigments or colorants that are used to make pictures, texts, or designs. They are used in advertising, labeling, and marketing sectors. Over the forecast period, the demand for eco-friendly inks is projected to rise. Innovative technologies like UV-curable inks and inkjets provide significant prospects for growth for the market.
Increasing environmental issues are driving the demand for oil-based and biodegradable inks. Vegetable oil-based and biodegradable inks limit or eliminate the usage of mineral oils in inks, mitigate VOC pollution, and maintain non-renewable supplies. The primary benefit of eco-friendly inks includes better paper recyclability as it enables effective ink separation from paper.
Get Free Sample @ https://www.reportsanddata.com/sample-enquiry-form/3498
Printing Inks Market: Dynamics
The industry is influenced by developments in technologies and processes, including inkjet and digital printing goods. However, rising demand for e-books and stringent government environmental legislation on ink production is restricting market growth in the printing inks. The emission of VOC and toxic metals found in individual printing solution inks often hampers the development of the industry.
Packaging and commercial printing are two major market segments for printing ink applications. Ink types are classified based on their manufacturing process, which includes lithography, digital outputs for gravure, and flexography. The latest developments this sector has witnessed include food-safe printing inks, the growing value of flexographic and wireless toners, and a change in market preference towards environment-friendly goods. Increasing demand for printing inks through various applications such as flexible packaging & labelling, modern letterpress, corrugated cardboard, and folding cartons are the pivotal factors expected to propel the market over the forecast period. The demand for flexible packaging of exceptional quality has been on the rise in various regions across the globe, and this will significantly shape the future of the market over the coming years.
Printing Inks Market: Regional Outlook
Asia Pacific became the leading region in the printing inks market and produced more than USD 7.46 billion in sales in 2019. Among the main contributors are China and Japan, which are the home to various significant players in the industry. These countries have also witnessed a rising demand for printing inks. Technological advancements in ink printing and expansion in end-use applications in China also make a substantial contribution to this trend. The packaging, textile, and ceramic printing segments are among the major application sectors in China. India, Thailand, Vietnam, and Indonesia are the other emerging APAC nations to contribute to the industry's thriving growth. North America is the third-largest sector, with the United States as the biggest competitor owing to the booming packaging industry.
Printing Inks Market: Key Players
The report elaborates on the competitive landscape of the market and considers the following companies
- Siegwerk Druckfarben AG & Co. KGaA
- Sakata Inx Corporation
- Wikoff Color Corporation
- Sun Chemicals
- DIC Corporation
- Altana Epple Druckfarben
- MHM Holding GmbH
- Tokyo Printing Ink Mfg. Co. Ltd.
- Koninklijke Drukinktfabrieken Van Son B.V.
The Impact of COVID-19 on Printing Inks Market:
While the COVID-19 pandemic is still extensive, manufacturers are gradually adapting their production and purchasing strategies to face the challenges of a pandemic that has created market-based printing inks demand. Because of a lack of downstream demand, the effect of this pandemic would transform the global printing inks industry, as some manufacturing plants have either shut down or are operating in a limited capacity. Others have been forced to stop their output as governments have mandated lockdowns and as a precautionary move to prevent the spread of the virus. The spread of the virus has taken particularly bad shape in India and the United States, while many European countries have been forced to enter a second stint of lockdowns as the virus has shown a resurgence in the colder months. The market situation is expected to be chaotic till a vaccine can be launched, and things go back to normal.
Browse Complete Report @ https://www.reportsanddata.com/report-detail/printing-inks-market
Regional analysis includes
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Report Highlights:
- Detailed overview of the parent market
- Changing printing inks market dynamics in the industry
- In-depth printing inks market segmentation
- Historical, present, and projected printing inks market size in terms of volume and value
- Recent printing inks market trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Segments, sub-segments, and geographical regions exhibiting promising growth
- A neutral perspective on printing inks market performance
Printing Inks Market: Segmentation
For the purpose of this report, Reports and Data has segmented the Global Printing Inks Market on the basis of resin, product, application, and region:
Resin Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Modified Rosin
- Modified Cellulose
- Acrylic
- Polyurethane
- Others
Product Outlook (Volume, Kilotons; Revenue, USD Billion; 2017-2027)
- Gravure
- Flexographic
- Lithographic
- Digital
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Packaging & Labels
- Corrugated Cardboards
- Publication & Commercial Printing
- Others
Read News About “Printing Inks Market Information by Resin (Modified Rosin, Modified Cellulose, Acrylic, Polyurethane, Others), Product (Gravure, Flexographic, Lithographic, Digital, Others), Application and Region - Forecast 2017-2027” @ https://www.globenewswire.com/news-release/2020/09/03/2088681/0/en/Printing-Inks-Market-To-Reach-USD-28-15-Billion-By-2027-Reports-and-Data.html
