Pharmaceutical Inks Market
Pharmaceutical Inks Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2027, at a 6.1% CAGR during a forecast period.
Pharmaceutical inks are defined as an ingestible form of inks that are used on pharmaceuticals to designate vital information about the drug such as name and ingredients manufacturing location, and expiry date on pharmaceuticals. They are also used to print designs, logos, and colors on medicines. Additionally, these inks are used in interior and exterior packaging of medicines.
The scope of the report includes a detailed study of global and regional markets for Pharmaceutical Inks with the reasons given for variants in the growth of the industry in certain regions.
Rise in usage of pharmaceuticals and growth in awareness among consumers regarding medicines are the key factors boosting the growth of the pharmaceutical inks market. Similarly, the technological improvement in manufacturing process of pharmaceuticals also generates growth opportunities for the key manufacturers in the pharmaceutical inks market to offer competitive product offering and rise their customer base. This will have a major impact on the pharmaceutical inks market. Furthermore, an increase in disposable income and consumption of pharmaceuticals in emerging countries such as Brazil, China, and India are relatively driven the growth of pharmaceutical inks market.
Moreover, these inks essential to dry quickly after their application on packaging or medicines. Pharmaceutical ink manufacturers have started using several solvents to assist the drying process. Though, the use of incorrect solvents can contrarily effect the environment as well as the health of patients consuming pharmaceuticals. Solvents must to be selected after careful consideration. This has negatively impacted the development of pharmaceutical inks, and thus hindering the market.
The report on Pharmaceutical Inks market covers segments such as By Type, Pharmaceutical Type, Applications and Region. The Type segment includes Water-based, Solvent-based, Edible Inks and Others. Among the Type, the solvent-based segment register for noticeable share of the pharmaceutical inks market, due to, these inks are low cost and efficient to print. The Pharmaceutical Type segment is further sub-segmented into Solids, Semi-solids and Liquids.
Among the Pharmaceutical Type, the liquids segment holds key share of the market, due to liquid pharmaceuticals require large amount of pharmaceutical inks for the application on larger surface area of their packaging. In terms of Applications, is segmented by Capsules, Interior Packaging and Exterior Packaging. Among the Applications, the exterior packaging segment creates dominant share of the market, because of the wide range of information that needs to be printed.
Based on regional segment, the Pharmaceutical Inks market is sub-segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Increasing advancement of pharmaceutical inks in Europe will trigger the demand for Pharmaceutical Inks. Europe is the prominent consumer of pharmaceutical inks, primarily due to the large amount of pharmaceuticals manufactured and the higher price of pharmaceutical inks in the region. Asia Pacific is expected to grow rapidly with higher CAGR due to the increase in health awareness and rapid urbanization. The key manufactures in this region are emphasized on particular application of pharmaceutical inks. For example, specific companies are manufacturing pharmaceutical inks for interior packaging and others are focused in capsules and exterior packaging.
Key players operating in the Pharmaceutical Inks market are Toyo Ink SC Holdings Co. Ltd., Videojet Technologies Inc., Markem-Imaje, Sun Chemicals, Koel Colours Pvt. Ltd., DIC Group, Sensient Technologies, Colorcon, Fuzhou Obooc Technology, Nazdar Company and Independent Ink. Key manufacturers are extremely emphasized on research and development in order to manufacture pharmaceutical inks using various printing technologies. Furthermore, the key players in the pharmaceutical inks market are concentrating mostly on strategic agreements with other manufacturers in order to magnify their product offerings in order to gain a leading position in the pharmaceutical inks market.
The objective of the report is to present a comprehensive analysis of the Pharmaceutical Inks Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Vehicle. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Vehicle on the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Pharmaceutical Inks Market dynamics, structure by analyzing the market segments and project the Pharmaceutical Inks Market size. Clear representation of competitive analysis of key players by Pharmaceutical Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Pharmaceutical Inks Market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Scope of the Pharmaceutical Inks Market
Pharmaceutical Inks Market, By Type
• Water-based
• Solvent-based
• Edible Inks
• Others
Pharmaceutical Inks Market, By Pharmaceutical Type
• Solids
• Semi-solids
• Liquids
Pharmaceutical Inks Market, By Applications
• Capsules
• Interior Packaging
• Exterior Packaging
Pharmaceutical Inks Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Pharmaceutical Inks Market
• Toyo Ink SC Holdings Co. Ltd.
• Videojet Technologies Inc.
• Markem-Imaje
• Sun Chemicals
• Koel Colours Pvt. Ltd.
• DIC Group
• Sensient Technologies
• Colorcon
• Fuzhou Obooc Technology
• Nazdar Company
• Independent Ink
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