21st August 2019 – Global Printing
Inks Market is expected to reach USD 25.83 billion by 2025. Printing
ink is an ink consisting of dyes or pigments of the required color mixed with
varnish or oil. It is used in thin films on various substrates like molded
plastic articles, textiles and glass, paper, plastic films, paperboard, and
metallic foil and sheets. It is designed to have communicative, decorative, or
protective functions. However, in many cases, a combination of these functions
are used. As per the end use property it has resistive property, visual
characteristics, bond to the given substrate, good printability, and drying under
stated conditions. The printing inks industry is estimated to grow at a
significant CAGR over the future period as the scope and its applications are
rising enormously across the globe.
Growing government initiative for
development of bio-friendly inks, and high demand from packaging industry as it
is water resistant and resistant to fade when subjected to UV light are
documented as major factors of the market that are estimated to enhance the
growth in the years to come. However, presence of toxic compounds that may harm
environment is a factor that may restrain overall market growth in the coming
years. The market is segmented based on product types, resin type,
applications, and region.
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Digital, gravure, lithographic,
flexographic, and other products type could be explored in printing inks market
in the forecast period. The lithographic segment accounted for the largest
market share of the market and is estimated to lead the overall market in the
coming years. This may be because of its high quality for practical and smooth
surfaces at comparatively low costs. Also, gravure sector is estimated to grow
at fastest pace in the coming years. It is a high-speed process and is costly.
There are resin type that include
polyurethane, modified rosin, acrylics, modified cellulose, hydrocarbon,
polyamide, and others could be explored in printing inks industry in the future
period. Polyurethane segment is estimated to lead the market with largest
market share in the upcoming years, as the composition of resins is suitable
for the type of ink to produce. Polyurethanes and polyamides together used for
producing solvent based flexographic products and gravure products. However,
lithographic solvents are produced using modified rosins and hydrocarbons.
The market may be categorized based on
applications like commercial printing/publishing, tags & labels, corrugated
cardboards, flexible packaging, folding cartons, and others that could be
explored in forecast period. Flexible packaging sector accounted for the
largest market share of printing inks market and is estimated to lead the
overall market in the coming years. This may be because of rising demand for
printing ink from packaging industry. However, commercial printing/publication
sector is estimated to grow at fastest pace in the coming years.
Globally, North America accounted for
the largest market share of printing inks industry and is estimated to lead the
overall market in the coming years. The reason behind the overall market growth
could be presence of key manufacturers in the region like flexible packaging
and commercial printing industry. Also, high demand for international shipping
and developing e-commerce sector is also estimated to boost the overall market
in this region.
Instead, Europe and the Asia Pacific are
also estimated to have a positive influence on the future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is
estimated to grow at fastest pace with the highest CAGR in the foremost period.
The developing countries like India and China are the major consumers of
printing inks market in the region, as rising advancements in printing inks.
The key players of printing inks
industry are Sun Chemical, DIC Corporation, SiegwerkDruckfarben, FlintGroup,
and SAKATA INX CORPORATION.These players are concentrating on inorganic growth
to sustain themselves amongst fierce competition. As companies all over the
world have to believe that alliance with a market would permit them
proportional market existence and authority to declare the leadership position.
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