Printing Inks Market Size And Forecast
The Global Printing Inks Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Printing Inks Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Printing Inks Market was valued at USD 32.84 Billion in 2019 and is projected to reach USD 40.65 Billion by 2027, growing at a CAGR of 2.72 % from 2020 to 2027.
What are Printing Inks?
Printing inks are different colored liquids and pastes, used to transfer and replicate an image on a printing surface. This ink consists of different pigments of the required color mixed with oil or varnish. The printing ink is made from a solvent base of linseed or soybean oil, or a heavy petroleum distillate. It is then combined with various pigments to create ink which is designed to dry by evaporation. For example, black ink is made from a combination of carbon black and varnish. There are 5 different types of printing inks are – aqueous ink, solvent ink, UV cured ink, latex ink, and dry sublimation ink.
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These inks are also differentiated by processes such as lithography, flexography, rotogravure, and digital printing. Printing inks are majorly used to deliver messages, provide protection, and ensure a decorative image to the substrate. These are predominately used in the publishing and packaging industry comprising commercial printing and other printing products. Moreover, these inks also find extensive applications in food and beverages, automotive, and manufacturing industry.
Global Printing Inks Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The huge demand of printing inks for paper media and packaging, the sharp increase in the demand for publishing print products such as books, newspapers, magazines, and need of printing inks in metal cans, tags and labels, and flexible materials is expected to fuel the growth of the global printing inks market. Moreover, a rise in the requirement of bio-based printing inks is likely to drive the demand for the forecast period.
However, an increase in awareness about the presence of e-books and strict environmental rules and regulations on the production of the inks, and decrease in demand for books, newspapers, magazines are expected to restrain the overall market growth. The printing inks market has a consolidation in the industry with lots of mergers and acquisitions; this offers favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Printing Inks Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Printing Inks Market Competitive Landscape
The “Global Printing Inks Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as DIC Corporation, Flint Group, Toyo Ink SC Holdings Co., Ltd., Sakata Inx Corporation, Siegwerk Druckfarben AG & Co. KGaA, Hubergroup, T&K Toka Co., Ltd., Tokyo Printing Ink Mfg. Co., Ltd., Fujifilm North America, SICPA Holding SA, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Printing Inks Market, By Process
• Gravure
• Flexographic
• Lithographic
• Digital
• Others
Printing Inks Market, By Resin Type
• Modified Rosin
• Modified Cellulose
• Acrylics
• Polyamide
• Other
Printing Inks Market, By Application
• Corrugated cardboards
• Flexible packaging
• Tags & Labels
• Folding cartons
• Others
Printing Inks Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America
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