Printing Inks Market Size, Share, Demand, Trends, Growth, and Future Scope


Posted October 15, 2020 by manishbaghel

The trend toward the usage of environment-friendly printing inks including ultraviolet (UV)-cured and water-based printing inks is emerging as well.
 
The packaging industry is growing rapidly, which can be ascribed to the expanding e-commerce sector, growing disposable income of people, and swift economic growth in emerging economies. As per the World Packaging Organization, the global packaging industry generates $500 billion per year and accounts for 1–2% gross domestic product in industrialized nations. There are about 100,000 packaging manufacturing companies in operation which represent 5 million jobs. Technological innovations occurring in the domain are positively affecting the industry as well. All these factors are, in turn, leading to the growing demand for printing inks, which are utilized extensively in the packaging industry.


The different types of printing inks are digital inks, lithographic inks, letterpress inks, flexographic inks, and gravure inks. While lithographic inks were being used the most in the past, the demand for flexographic printing inks is predicted to grow considerably in the near future, which is particularly attributed to the increasing shift towards environment-friendly printing inks. In addition to this, the rising awareness regarding high quality flexible packaging products, increasing consumer spending, and altering lifestyles are further projected to lead to the growing requirement for flexographic printing inks. These inks are being widely used in the printing of products such as inserts, periodicals, catalogs, magazines, and directories.


The trend toward the usage of environment-friendly printing inks including ultraviolet (UV)-cured and water-based printing inks is emerging as well. The utilization of these printing inks decreases the harmful effects of inorganic and toxic materials that are used in traditional printing inks and further enhances efficiency. UV-cured inks further provide low-heat generation, zero ozone generation, energy-efficiency, and long-life service. Companies in the printing inks market, such as Siegwerk Druckfarben AG & Co. KGaA and Flint Group are heavily investing in research and development activities which focus towards the development of advanced and eco-friendly printing inks.


In addition to this, the penetration of bio-based products is also increasing, as people are becoming increasingly aware regarding the adverse effects of volatile organic compounds emissions in printing inks. Due to this the need for bio-based products in the different end-use industries, including printing, packaging, food & beverages, and publication, is growing. Printing inks find applications such as metal cans, tags and labels, and flexible materials in the packaging industry.

In conclusion, the demand for printing inks is growing because of the expanding packaging industry and rising requirement for eco-friendly products.

For more information about market overview visit: https://www.psmarketresearch.com/market-analysis/printing-ink-market/report-sample
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Issued By Manish Kumar
Business Address Noida
Country India
Categories Business , Research , Services
Tags printing inks market , printing inks market demand , printing inks market future , printing inks market growth , printing inks market scope , printing inks market share , printing inks market size , printing inks market trends
Last Updated October 15, 2020