Printing Inks Market - Forecast(2021 - 2026)
Printing Inks Market Overview:
According to the International Trade Center (ITC), the total trade of printing inks was evaluated at approximately $12.23 billion as of 2018. [1] The demand for printing inks is attributed to the growth of the e-commerce industry, which is inducing a demand influx in the packaging industry, a key application segment of the printing inks market. Owing to its applications in various industries such as packaging, commercial printing, electronic, garment pricing, and the industrial sector, the global printing inks market attained a value of $19.1 billion in 2018. Furthermore, the demand for printing inks is poised to grow with a CAGR of 2.70% during the forecast period 2019-2025.
Europe is experiencing tremendous growth in the printing inks market. There are more than 1 million individual ink formulations used by European manufacturers. [2] Manufacturers are innovating new formulations to meet the specific print technology and end-user demands. Henceforth, Europe held the maximum printing inks market share of 25.67% in 2018. European countries follow a set of regulations governed by Exclusion Policy for Printing Inks and Related Products (EuPIA) to generate high quality printing inks. Therefore, their printing inks have a huge demand across the globe.
According to the International Trade Center (ITC), the total trade of printing inks was evaluated at approximately $12.23 billion as of 2018. [1] The demand for printing inks is attributed to the growth of the e-commerce industry, which is inducing a demand influx in the packaging industry, a key application segment of the printing inks market. Owing to its applications in various industries such as packaging, commercial printing, electronic, garment pricing, and the industrial sector, the global printing inks market attained a value of $19.1 billion in 2018. Furthermore, the demand for printing inks is poised to grow with a CAGR of 2.70% during the forecast period 2019-2025.
Europe is experiencing tremendous growth in the printing inks market. There are more than 1 million individual ink formulations used by European manufacturers. [2] Manufacturers are innovating new formulations to meet the specific print technology and end-user demands. Henceforth, Europe held the maximum printing inks market share of 25.67% in 2018. European countries follow a set of regulations governed by Exclusion Policy for Printing Inks and Related Products (EuPIA) to generate high quality printing inks. Therefore, their printing inks have a huge demand across the globe.
Printing Inks Market Outlook:
Printing inks have a wide range of applications in different products. Thicker inks are used in letterpress printing, and lithographic printing. The composition of ink is quite complex and consists of solvents, pigments, dyes, resins, lubricants, surfactants, particulate matter, fluorescents, and colorants. Based on their solubility in ink vehicles, dyes are distinguished from pigments. Generally, ink dyes are selected for food, acid, and sulphur, whereas reactive dyes are for writing, drawing, and marking materials.
Usage of printing inks is prevalent in the packaging industry. The demand for packaging printing inks market is projected to grow at a CAGR of 3.17% during the aforesaid forecast period. With the growth of e-commerce, packaging industry is experiencing a huge demand. The packaging needs to be durable and efficient to protect the product during shipping and storage. The growth of packaging printing, especially flexographic printing is gaining traction from the rising brand competition in e-commerce, because the efficient packaging acts as one of the crucial marketing tools for the companies.
Printing Inks Market Growth Drivers:
· Increasing Demand from Digital Printing–
Investments are rising in digital technologies, which is evident by the advancements in inkjet technology. Inkjet ensures high quality print at fast speed, which produces high-quality images. Rising retail purchases, e-commerce purchases, and increasing books and magazines demand are driving the demand for digital printing of printing inks. These factors are thriving the printing inks market growth.
Printing inks have a wide range of applications in different products. Thicker inks are used in letterpress printing, and lithographic printing. The composition of ink is quite complex and consists of solvents, pigments, dyes, resins, lubricants, surfactants, particulate matter, fluorescents, and colorants. Based on their solubility in ink vehicles, dyes are distinguished from pigments. Generally, ink dyes are selected for food, acid, and sulphur, whereas reactive dyes are for writing, drawing, and marking materials.
Usage of printing inks is prevalent in the packaging industry. The demand for packaging printing inks market is projected to grow at a CAGR of 3.17% during the aforesaid forecast period. With the growth of e-commerce, packaging industry is experiencing a huge demand. The packaging needs to be durable and efficient to protect the product during shipping and storage. The growth of packaging printing, especially flexographic printing is gaining traction from the rising brand competition in e-commerce, because the efficient packaging acts as one of the crucial marketing tools for the companies.
Printing Inks Market Growth Drivers:
· Increasing Demand from Digital Printing–
Investments are rising in digital technologies, which is evident by the advancements in inkjet technology. Inkjet ensures high quality print at fast speed, which produces high-quality images. Rising retail purchases, e-commerce purchases, and increasing books and magazines demand are driving the demand for digital printing of printing inks. These factors are thriving the printing inks market growth.
· Growth Attributed To Packaging Industry–
High demand from the packaging and paper industry is driving the growth of printing inks market. Additionally, the growing demand for electronics printing and textile printing is further creating new revenue avenues for the market. The growth is evident in the emerging economies owing to rapid urbanization and industrialization.
Printing inks Market Trends –
· UV Curable Inks –
Though not new in the market, UV curable inks started gaining momentum recently, with the rising demand of screen printing applications. They reduce the need for air permit which allow them to increase the productivity of printers, quick to dry, and offer pleasant gloss and consistent print. They are environmental-friendly and smearing resistant as they do not contain solvents in them.
Printing inks Market Key Players Perspective –
The major players in the printing inks market are Sun Chemical, Flint Group, Toyo Ink, Sakata Inx, Fujifilm, DowDuPont, Inc., Siegwerk Drugfarben, Ltd., SICPA, Zeller Gmelin, Wikoff Color, and T&K Toka.
Printing inks Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the printing inks market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The printing inks market research report also analyses the application of the printing inks in various industries such as automotive, aerospace/ defense, primary & fabricated metals, electrical & electronic equipment, and others.
Printing inks Market Report: Industry Coverage
This report also documents the printing inks market based on product type that includes solvent based, water based, oil based and others.
The printing inks market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico,
South America: Brazil
Europe: The U.K., Germany, France, Spain,
APAC: China, Japan, Australia, India
Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Printing inks Market Report
Is the market demand for printing inks growing? How long will it continue to grow and at what rate?
Which type of printing inks market presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the printing inks market?
A Few Focus Points Of This Research Are Given Below:
Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
Provide an overview of the product portfolio, including product planning, development, and positioning
Discuss the role of technology companies in partnerships
Explore the regional sales activities
Analyze the market size and giving the forecast for current and future global printing inks market during the forecast 2019–2025
Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.
High demand from the packaging and paper industry is driving the growth of printing inks market. Additionally, the growing demand for electronics printing and textile printing is further creating new revenue avenues for the market. The growth is evident in the emerging economies owing to rapid urbanization and industrialization.
Printing inks Market Trends –
· UV Curable Inks –
Though not new in the market, UV curable inks started gaining momentum recently, with the rising demand of screen printing applications. They reduce the need for air permit which allow them to increase the productivity of printers, quick to dry, and offer pleasant gloss and consistent print. They are environmental-friendly and smearing resistant as they do not contain solvents in them.
Printing inks Market Key Players Perspective –
The major players in the printing inks market are Sun Chemical, Flint Group, Toyo Ink, Sakata Inx, Fujifilm, DowDuPont, Inc., Siegwerk Drugfarben, Ltd., SICPA, Zeller Gmelin, Wikoff Color, and T&K Toka.
Printing inks Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the printing inks market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The printing inks market research report also analyses the application of the printing inks in various industries such as automotive, aerospace/ defense, primary & fabricated metals, electrical & electronic equipment, and others.
Printing inks Market Report: Industry Coverage
This report also documents the printing inks market based on product type that includes solvent based, water based, oil based and others.
The printing inks market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico,
South America: Brazil
Europe: The U.K., Germany, France, Spain,
APAC: China, Japan, Australia, India
Middle East and Africa: Israel, South Africa, Saudi Arabia
Key Questions Addressed in the Printing inks Market Report
Is the market demand for printing inks growing? How long will it continue to grow and at what rate?
Which type of printing inks market presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the printing inks market?
A Few Focus Points Of This Research Are Given Below:
Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
Provide an overview of the product portfolio, including product planning, development, and positioning
Discuss the role of technology companies in partnerships
Explore the regional sales activities
Analyze the market size and giving the forecast for current and future global printing inks market during the forecast 2019–2025
Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.
- We also publish more than 100 reports every month in “Chemicals and Materials”, Go through the Domain if there are any other areas for which you would like to get a market research study.
Comments
Post a Comment