Latest Research Report on Printing Inks Market begins with a deep introduction and then delves broad into specific segments such as raw material, application, end user, and region, policy study, value chain structure, and upcoming trends in particular segments or regions. The report on Printing Inks prepare a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
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.
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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.
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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