This report provides a comprehensive view of the industry’s trends, growth rate and competitive landscape.
Exactitude Consultancy has published a research report on Printing Inks Market, 2023. The study aims to provide an overview of the major factors that have impacted the market over the last few years as well as the future market opportunities on which companies can rely. The report looks at the market’s drivers and restrictions. The report highlights extensive data on factors that will accelerate the growth of the global Printing Inks market in the years to come, 2023-2029. The report sheds light on the strategic production, revenue and consumption trends that players can use to increase sales and growth within the global Printing Inks Market.
Market Overview (2019-2029)
Market Sizes: 7.38 billion by 2022
Forecast CAGR for 2023-2029: 12.48%
Forecast Market Size USD 21,26 billion by 2029
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Market Dynamics
Drivers
- Packaging Industry to Increase Adoption
In 2020, the packaging and labeling market will account for over 47.72% in volume of the global market for printing inks.
However, due to rapid urbanization and consumers’ increasing digitalized needs, the application scope of printing inks has shifted from commercial printing and publication to the packaging industry. Packaging inks help to enhance the appeal of packaging to the customer.
Flexible packaging offers more customization options. Food and beverage companies are driving the demand for flexible packaging. This is also boosted by the strong growth in snacks and confectionery. Furthermore, rising food demand as a result of the world’s growing population is one of the key trends fueling the growth of the flexible packaging industry.
- The demand for energy-curing inks is increasing among end-user industries
The thriving demand for energy-curing inks in printing & packaging applications is another major factor driving the growth of the printing inks market. These inks are popular worldwide because of their excellent properties, low/zero volatile organic content (VOC) and wide range of applications.
These inks are more expensive to set up initially. In order to reduce costs, companies are adopting new technologies. Flint Group has, for instance, created new UV labels, like the Ultraking XCURA, that consume minimal energy during the curing procedure.
Restraints
- Strict Regulations For Toxic Solvents
Volatile organic compound (VOC) are subject to various statutory legislation and regulations. These organic compounds are used widely in technical printing inks and are subject to several governmental and federal laws aimed at reducing VOC emission and limiting exposure of humans to toxic substances.
However, rising awareness of the presence of e-books, as well as stringent government environmental regulations on ink production, are restraining the printing inks market’s growth. In addition, some printing inks emit toxic metals and organic volatile compounds. This is a major obstacle to market growth.
Opportunities
The commercial printing/publishing sector is expected to see a global increase in demand for printing inks due to technological advancements and a growing demand in the printing industry. Furthermore, the printing industry’s need for short-run production for printed resources such as direct mail, books, catalogs, and brochures is thriving commercially.
Due to an increase in promotional materials being used by the food, beverage and retail industries, it is expected that demand for printing inks will rise. Retail business is considered print advertising because the commercial printing/publishing applications segment is determined based on a variety promotional events.
What will be the New Additions for 2023?
- Detailled industry outlook
- Information on the company players
- On request, we can provide a custom-made report with analyst support.
- Recent market developments and it’s futuristic growth opportunities
- Reports can be customized to a specific region or country.
Who will win?
Printing Inks is a market where the top players are focused on developing production and expanding capacity. The global market is dominated by key players, who account for 20-30%.
Some Key Competitors of the Market are – Wikoff Color Corporation, T&K TOKA Corporation, Flint Group, Sakata INX Corporation, Huber Group, Sun Chemical Corporation, Zeller+Gmelin GmbH & Co. KG, ALTANA AG, and TOYO Ink Group
01 Nov 2022: Fujifilm Integrated Inkjet Solutions launched the 12K Printbar system, a new drop-on demand print technology that supports variable data for packaging. The 12K Printbar system is designed to integrate inkjet technology into existing production equipment. It offers 4-color printing in a compact format that only requires 21in (53cm) of space along the print direction.
On January 10, 2020Sun Chemical acquired SAPICI. Sun Chemical’s integrated supply strategy in the packaging sector is strengthened by this purchase, which adds capabilities to develop and create new polymers for the company’s whole array of inks, coatings, and laminating adhesives.
The study objectives are:
✔ This report offers a detailed analysis of key players in the Printing Inks Market, including their respective data.
✔ Included are product portfolios, annual revenues, expenditures on research and developments, geographical presence, major recent developments, growth strategies, and key development in the past years.
✔ Analysis of the regional market, including market share and dominant market.
✔ This includes a variety of socio-economic influences on the development of the market.
✔ The report provides a detailed insight into the different stakeholders in value chains, such as suppliers of raw materials, distributors and stockholders.
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Printing Inks Segmentation by market
Market for Printing Ink by Printing Process 2023-2029 (USD Millions), (Kilograms)
- Lithographic Inks
- Flexographic Inks
- Digital Inks
- Gravure Inks
- Other
Market for Printing Ink by Application 2023-2029 (USD Million), Kilograms
- Packaging
- Publication and Commercial Printing
- Printing Decorations
Printing Ink Market, by Product Type (USD million), (Kilograms) 2023-2029
- Solvent Based
- Water Based
- Oil Based
Global Printing Inks Market by Regions –
– North America (the USA, Canada, and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)
– the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
This study offers quantitative and qualitative assessments of the Printing Inks industry and provides suggestions for strategies to promote market growth and success. Market analyzes and evaluates the market from all angles, including customer preferences, business plans of participants, current conditions, and possible future developments.
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The major carriers and innovation profiles of the world’s market players are:
The Client Focus Area of this Report is:
This report takes into account the impact that COVID-19 and Russia-Ukraine on the global market.
Yes. COVID-19 as well as the Russia-Ukraine war were taken into account in the research because of the significant impact they had on the global grant chain and the raw cloth price system. We also go into great detail about the effects of the pandemic on the market.
Can I trade the report’s scope and make it my very own to meet my needs?
Yes. Our clients’ multidimensional, deep level, and great needs can help them hold market opportunities precisely, easily confront market challenges and formulate market strategies correctly, as well as act quickly.
How did you come up with the list of essential players?
We learn about the global leaders and the smaller and medium-sized regional groups who play an important role and can make a significant contribution to the competitiveness of the industry.
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Printing Inks Industry: Key Takeaways
– In-depth assessment of the product, application, and regional segments
– Simplified and insightful comprehensive market analysis
– Evaluation of growth derivatives, crucial constraints, opportunities, and challenges
– Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
– Internal business overview including business connectivity, sales records, supply chain strategies and capabilities, product development, and marketing trends
– Exact Printing Inks industry valuation
– Future forecasts and market estimations followed by a demand to supply ratio projections
– Competitive benchmarking coupled with competitive analysis
– Key strategic initiatives fuelling market growth
– Neutral geographic survey based on macro and micro-economic factors highlighting the growth potential of developed and developing economies
Important Points from the Table of Contents:
- The following is a brief introduction to the topic:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Summary
- Printing Inks Market Dynamics
- Market Drivers
- Market Restrictions
- Market Opportunities
- Key Insights
- Global Statistics — Key Countries
- New product launches
- Pipeline Analysis
- Regulatory Scenario — Key Countries
- Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Market Analysis – Insights & Forecast
- Key Findings/ Summary
- Printing Inks Market Analysis — By Product Type
- Market Analysis — By Distribution Channel
- Market Analysis — By Countries/Sub-regions
- Competitive Analysis
- Key Industry Developments
- Global Printing Inks Market share Analysis
- Competition Dashboard
- Comparative Analysis — Major Players
- Company Profiles
- View the full article
- Products and Services
- SWOT Analysis
- Recent developments
- Major Investments
- Regional Market Size and demand
- Strategic Recommendations
TOC Continued……………….
The researchers also provide information about global Intelligent Printing Inks Analysis. The report also evaluates long-term trends and platforms that promote market expansion. The report also evaluates the competitiveness. The market has been thoroughly examined using SWOT analysis and Porter’s five scanning. This helps in managing company risks and obstacles. The research also covers sales techniques.
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