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, E...