The global printing inks market is expected to reach USD
25.83 billion by 2025, according to a new report by Grand View Research, Inc.
Growing demand from end-use applications including flexible packaging &
labels, corrugated cardboards, commercial letterpress, and folding cartons are
the main factors expected to drive the market over the forecast period. Rise in
consumer spending in Asia Pacific and North American regions, increasing demand
for superior quality flexible packaging are some of the main parameters
influencing the overall demand for printing inks globally.
Product innovations, technological
progressions, new raw material sourcing models and expansion strategies are
some of the major drifts the companies are focusing on to cater to the specific
consumer requirements. The recent trends witnessed by this industry include
rising significance of flexographic and digital toners, food-safe printing inks
and a shift in consumer preference towards environment-friendly products.
The regulatory framework also plays a
crucial role in this industry dynamics. Stringent regulations regarding toxic
metals in solvents & volatile organic compound (VOC) emissions in these
inks are expected to hamper the growth of the overall market. This rationale
has led to increased usage of cellulose and rosin derivatives as resins for
manufacturing energy-efficient inks.
Digital ink is expected to be the
fastest growing product segment owing to its superior properties and specific
demands from textile, ceramic and 3D printing application sectors. The digital
toners have observed a lower label costs as compared to conventional inks and
its potential of switching among labels instantly have resulted in this product
to be the fastest growing.
Browse full research report on Printing Inks Market: https://www.grandviewresearch.com/industry-analysis/printing-inks-market
Further key findings from the report suggest:
- The global printing inks market generated revenues worth USD
16.46 billion in 2016 and is expected to grow at an estimated CAGR of 5.2%
over the prediction period
- The packaging & labels segment was the largest
application segment in 2016. Changing lifestyle of consumers, rising
awareness for bio-degradable products within the middle-class population
in emerging countries
- Polyurethane was the fastest growing polymer for 2016 and is
expected to follow the same trend during the forecast period
- Asia Pacific accounted for over 30% of the overall revenue in
2016 owing to strong presence of numerous big companies in the regions and
growing demand from emerging countries
- Major market players with a global presence include DIC
Corporation, Flint Group, Sakata Inkx Corporation, Altana Epple
Druckfarben, Tokyo Printing Ink Mfg. Co., Ltd and Huber Group
- Governmental regulatory agencies play a crucial part in the
manufacturing process of the productswith norms such as EPA Clean Air Act
regarding VOC emissions in environment and REACH regulations for safer
food packaging materials dominate the global industry
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/printing-inks-market/request/rs1
Grand View Research has segmented the global printing inks market
on the basis of product, resins and application:
Product Outlook (USD Million, 2014 - 2025)
- Gravure
- Flexographic
- Lithographic
- Digital
- Others
Resin Outlook (USD Million, 2014 - 2025)
- Modified
rosin
- Modified
cellulose
- Acrylic
- Polyurethane
- Others
Application Outlook (USD Million, 2014 - 2025)
- Packaging
& labels
- Corrugated
cardboards
- Commercial
printing/Publishing
- Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- UK
- Asia
Pacific
- China
- Japan
- India
- Central
& South America (CSA)
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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