Ink Additives Market to Grow with a CAGR of 5.33% through 2028
Surge in research and development activities is expected to drive the Global
Ink Additives Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Ink
Additives Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Ink Additives Market stood
at USD 1.78 billion in 2022 and is anticipated to grow with a CAGR of 5.33% in
the forecast period, 2023-2028. The initiatives taken by government based on Ink
Additives has led to favorable market conditions for the Global Ink Additives
Market. Several factors contribute to the growth of various Ink Additives products.
In line with
global sustainability trends, governments around the world are taking proactive
measures to reduce the environmental impact of various industries, including
the printing industry. Recognizing the need for more eco-friendly practices,
New York has implemented the Environmental Conservation Law, which sets strict
guidelines for packaging materials. This law mandates that packaging should not
contain certain inks, dyes, pigments, adhesives, stabilizers, or any other
additives that may harm the environment. As a result, there has been a notable
shift towards the use of more sustainable and environmentally friendly inks and
additives in the printing industry. When it comes to the regulation of color
additives, the United States government has been at the forefront of ensuring
public safety and efficacy. The U.S. Food and Drug Administration (FDA) plays a
vital role in monitoring and approving the use of color additives in various
products such as foods, drugs, cosmetics, and medical devices, including inks.
By rigorously evaluating the safety and effectiveness of color additives, the
FDA ensures that consumers can have confidence in the products they use while
maintaining high standards of public health and safety. This commitment to
regulatory oversight has helped to establish a foundation of trust between
consumers and the industries that rely on color additives for their products.
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Ink Additives Market”
Innovations in
the ink additives market are driven by the rising demand for high-performance
products that meet specific requirements. For instance, there is an increasing
need for food-grade inks due to stringent government regulations concerning
food packaging materials. This has led to the development of advanced ink
formulations that are safe for direct contact with food and maintain excellent
print quality. Similarly, the growing popularity of tattoos has sparked the
need for safer and more vibrant tattoo inks. Manufacturers are investing in research
and development to create tattoo inks that are long-lasting, hypoallergenic,
and offer a wide range of vibrant colors.
Moreover,
technological advancements in printing technology have also necessitated
continuous research and development efforts in the ink additives market. The
rise in demand for flexographic printing inks, particularly in the packaging
industry, is a prime example. Flexographic printing offers several advantages,
including high printing speed, excellent color reproduction, and enhanced print
quality. This makes it an attractive option for packaging applications where
efficiency and visual appeal are crucial. As a result, ink additive
manufacturers are continuously innovating to develop additives that improve the
performance and compatibility of flexographic inks, ensuring superior print
results on various packaging substrates.
Overall, the ink
additives market continues to evolve and expand as it caters to the
ever-growing demands of different industries. The focus on high-performance and
specialized ink formulations, driven by regulatory requirements and
technological advancements, paves the way for exciting developments in the
field.
The Global Ink
Additives Market is segmented into type, technology, application, regional distribution,
and company
Based on its application, the packaging segment held
the largest share in the market. The increased consumption and demand for
consumer goods are driving the need for more sophisticated and elegant
packaging options, especially with the rise in disposable income. As consumers
seek convenience and practicality, flexible packaging has been gaining
popularity due to its versatility, ease of use, and efficient handling
techniques. With its ability to adapt to different product shapes and sizes,
flexible packaging provides a practical and convenient solution for both
manufacturers and consumers alike.
Based on region, Asia Pacific segment is expected to
grow during the forecast period. The significant growth of the region can be attributed
to the ever-increasing demand for flexographic printing inks in the packaging
industry. These inks are specifically sought after for their use in various
applications such as flexible packaging, corrugated containers, labels &
tags, folding cartons, and metal cans. Their versatility and adaptability make
them an indispensable choice for businesses looking to meet the diverse needs
of the market. As the packaging industry continues to thrive, the demand for
flexographic printing inks is expected to further escalate, driving the growth
of the region even more prominently.
Major companies operating in Global Ink Additives
Market are:
- Harima Chemicals Group Inc.
- Munzing Chemie GmbH
- ALTANA AG
- Dow Corning Ltd.
- Evonik Industries AG
- Elementis PLC
- Shamrock Technologies Inc.
- Solvay S.A.
- BASF SE
- Lubrizol Corporation
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“Growing application of Ink Additives in various end
user industries are key drivers of the Ink Additives market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of Ink Additives with every
passing year are anticipated to register an impressive growth to Global Ink
Additives Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Ink Additives Market By Type
(Rheology Modifiers, Slip/Rub Materials, Defoamers, Dispersants and Others), By
Technology Water-Based, Solvent-Based, Others), By Application (Packaging,
Publishing and Commercial Printing), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Ink Additives Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Ink Additives Market.
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