Printing Inks Market to be dominated by Asia-pacific region through 2027
Emergence of UV curable inks
in the market and surge in demand for bio-based printing inks are expected to
drive the demand of global printing inks market in the forecast period, 2023-2027.
According to TechSci Research
report, “Printing Inks Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global printing inks
market is anticipated to witness moderate growth over the forecast period,
2023-2027. The growing manufacturing industry is positively impacting the
global printing inks market demand due to growing packaging requirements. The
high demand from the e-commerce industry and the import/export requirements
makes the market players adopt the quality packaging industry to protect the
products from getting damaged during transit. Printing inks are used to label
and tag the products and therefore are witnessing vast demand worldwide.
However, stringent
regulations regarding disposal and the high cost of conventional printing may
restrain the market growth in the forecast period.
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Printing Inks Market"
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The global printing
inks market is segmented into chemical component, type, application, market
segment, regional distribution, and competitive landscape.
Based on
chemical component, the global printing inks market is divided into colorant,
binders, solvents / water, excipients, and others. The colorant segment is
expected to grow at a substantial rate in the forecast period. The colorant is a component of the
printing ink, and they constitute from 5 to 30% of ink and are generally
pigments, lakes, or dyes. Pigments are dispersed in ink and are finely shredded
solid substances. Lakes are precipitated from solvent to the solid form, and
the higher concentration of dye determines the intensity of the color. Dyes are
completely soluble in the binder. The growing printing industry is expected to
fuel the demand for colorants in the forecast period as they are a significant
component of printing ink.
Based on type,
the global printing inks market is divided into digital, lithographic inks,
flexographic inks, rotogravure inks, screen inks, and others. The lithographic
inks segment is expected to capture the significant market share in the
forecast period. Lithographic inks are suitable for flat media such as cloth,
foil, flat cardboard, and plastic. It is affordable and offers high clarity
during the printing process. The advantages and use in several applications bolster
the demand for lithographic inks over the forecast period.
Based on
application, the global printing inks market is divided into the coating,
flexible film, flexible paper, tags & labels, corrugated box, others. Tags
& labels are anticipated to hold the largest market share in the next five
years. Consumers are becoming more aware of the quality of services offered to
them. The changing consumer preference of buying from online sales platforms is
expected to boost the demand for innovative packaging with tags and labels to
differentiate between the products. Development of supply and logistic chain by
the market players and the increasing focus on providing quality services is
expected to accelerate the global printing inks market growth over the forecast
period.
Based on market
segment, the global printing inks market is divided into offset/commercial,
digital, packaging, publication, screen graphics, screen industrial, and
others. The packaging segment is anticipated to account for a significant
market share in the forecast period. The growth of this segment is witnessing a
flourishing trend owing to the changing consumer preference towards convenience
and comfort. The growing internet penetration in developing countries and the
proliferation of smart devices are boosting the popularity of the online
retailing and food packaging industry. With the growth of the e-commerce
industry, the demand for packaging is expected to grow in the coming years.
Major market
players operating in the global printing inks market are:
·
Sun
Chemical (DIC Group)
·
FlintGroup
·
Sakata
INX
·
Toyo
Ink Co., Ltd.
·
Siegwerk
Druckfarben
·
Hubergroup
·
T
& K Toka Co., Ltd
·
Tokyo
Printing Ink
·
Fujifilm
North America Corporation
·
SICPA
·
Altana
AG
·
Dainichiseika
Color
·
Wikoff
Color
·
Yip’s
Chemical Holdings
·
Uflex
·
Sanchez
SA de CV
·
Marabu
GmbH & Co
·
Xinxiang
Wende Xiangchuan
·
Daihan
Ink
·
Letong
Chemical
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“Asia-pacific is expected to
be the lucrative market for the global printing inks market, owing to steady
growth in the FMCG sector and rising adoption of environmentally friendly,
solvent-free UV cured printing inks. Rapid economic growth in the region and
growing population boosts the demand for printing inks in the region. The
massive market for inks for packaging and paper media in the region, especially
in emerging countries such as India, Vietnam, and China, is expected to pave
the way for market growth. The growing middle-class population in the region
and the high market demand for professional, business, educational, and printed
materials are expected to propel the global printing inks market growth till
2027” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Printing Inks Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type
(Digital, Lithographic inks, Flexographic inks, Rotogravure inks, Screen inks,
Others), By Application (Coating, Flexible Film, Flexible Paper, Tags &
Labels, Corrugated Box, Others), By Market Segment (Offset / Commercial,
Digital, Packaging, Publication, Screen Graphics, Screen Industrial, Others),
and By Region”, has evaluated the future
growth potential of global printing inks 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
printing inks market.
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