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Printing Inks Marketglobal Trends, Market Share, Industry Size, Growth, Opportunities, And Market Fo
The global printing inks market is forecasted to value over USD 25.5 billion by 2026 end and register a CAGR of 4.5% from the forecast period 2019-2026.
The growing demand from packaging, publication and commercial printing alongside formulation as per the needs of consumers is driving the market growth. Growing consumer-specific demands such as eco-friendly solutions is boosting the printing inks market as well. Latest advancements in technology in the form of digital printing and ink-jet products are burgeoning the market.
Increasing concerns regarding the emission of toxic metals and volatile organic compounds present in some inks have resulted in government compelling agencies to opt for eco-friendly materials which have expanded the market. The rising need for printing inks in metal cans and labels is expected to positively influence market growth.
The market is classified into product, process, and application. Based on product, water-based inks are expected to dominate the market growth owing to its efficiency in various applications such as cardboard, paper, and textiles. For printing on foils and plastics, water-based printing inks are used. It also offers to recycle. Advancements in water-based ink technology in the form of developed novel additives is expected to bolster the market. Due to the rapid evolution of the digital printing market, UV-cured inks is expected to show notable growth as well.
On the basis of process, flexography, gravure, and lithography are expected to show exponential growth. Currently, lithography holds a vast share of the market. Lithography offers superior image quality on smooth surfaces and at low costs. Gravure is more expensive when compared to others but has a high-speed process and is vastly used to produce fine details. The expansion of the packaging industry has led to increasing demand for digital and flexographic solutions. Flexography offers flexible packaging whereas digital solutions are used for textile printing.
Based on application, packaging & labels is the fastest-growing segment. Rising consumer preferences towards better food packaging is driving the market. The rise in online retailing and the growth of e-commerce is also fueling the packaging & labels industry. Additionally, a rise in disposable income has played an important role in the expansion of the market. Moreover, publication and commercial printing are expected to witness notable growth owing to the rapid expansion of digitalization. The rise of printing on electronics is also considered as a lucrative opportunity for the manufacturers.
In terms of region, Asia-Pacific is the global leader of the market. The presence of an ample number of established players in countries like Japan and China is boosting the presence of the market. Furthermore, a rise of end-user application in emerging economies like India and China is significantly contributing towards the market growth. North America is also expected to show significant growth owing to the easy availability of resin and rapid expansion of e-commerce.
Prominent players of the market are Flint Group, Siegwerk Druckfarben AG & Co. DIC Corporation, Sun Chemicals, Wikoff Color Corporation, and Sakata Inx Corporation.
● Prominent players are opting for expansion to bolster the maker. Epple Druckfarben Italia S.r.I, a German offset printing inks company has expanded its services to Kansas, US.
FutureWise Key Takeaways
● Printed electronics is predicted to witness significant due to the growing electronics industry
● Digital printing is also forecasted to show vast growth owing to technological advancements and low-cost feature. It's quickly becoming a consumer favourite as it delivers nonimpact imaging processes
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Global Printing Inks Market Segmentation
● Other Printing Inks
● Publication and Commercial Printing
● North America
● Asia Pacific
● Latin America
● Middle East & Africa
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Objectives of the Study:
• To provide with an exhaustive analysis on the global printing inks by process, by product, by application, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.
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