Press Release

As per the research, the global printing inks market is likely to grow from $17,537.4 million in 2016 to $23.9 billion by 2023. With the increasing applications in end-use industries such as food and beverages, printing, packaging and publication industry, the global market for printing inks is expected to grow at a robust pace during the forecast period.

The steady growth in the packaging industry in the U.S., China and India is expected to augment the demand of printing inks at a significant level during the forecast period. The U.S. is expected to remain the largest market during the forecast period on account of growing penetration of eco-friendly inks comprising water-based and UV-cured printing inks, increasing demand in packaging sector backed by steady growth in consumer retail sales worldwide.

Know the market growth rate at: https://www.psmarketresearch.com/market-analysis/printing-ink-market/report-sample

Geographically, North America was the largest market for printing inks market, where the U.S. was the largest contributor to the regional market. China was the major market in Asia-Pacific, whereas in Europe, Germany generated the highest revenue. Additionally, Turkey was the largest market in the Middle East and Africa, while in Latin America, Brazil emanated the maximum demand.

The factors driving the growth of the market include growing demand from packaging industry and rising demand for UV-cured inks globally. The use of printing inks in packaging industry is expected to further rise during the forecast period on account of their increasing application in tags and labels, metal cans and flexible materials.

UV-cured printing inks offer energy-efficiency, low-heat generation, long service-life and zero ozone generation, which is expected to propel the growth of UV-cured printing inks. Additionally, the increasing awareness towards the use of flexible printing products in periodicals, directories, inserts, magazines and catalogs would further spike the demand for printing inks during the forecast period.

Major players have stronghold in the global market

Some of the key players in the global market include Flint Group, Siegwerk Druckfarben AG & Co. KGaA, DIC Corporation, hubergroup Deutschland GmbH, Toyo Ink SC Holdings Co., Ltd., Sakata INX Corporation, ALTANA, Wikoff Color Corporation, T&K Toka Co., Ltd, and Zeller+Gmelin GmbH & Co. KG.

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Recent developments in the printing inks market include various product launches and strategic partnerships. For instance, hubergroup recently introduced new printing inks solutions. Additionally, Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical Corporation, and Flint Group were some of the major players to announce partnerships in this market.

GLOBAL PRINTING INKS MARKET SEGMENTATION
By Product

  • Lithographic inks
    • Sheetfed offset inks
    • Heatset web offset inks
    • Coldset web offset inks
  • Flexographic inks
  • Gravure inks
  • Digital inks
    • Electrography
    • Inkjet
  • Letterpress inks
  • Other printing inks

By Application

  • Labels and packaging
  • Commercial printing
  • Publication
    • Newspapers
    • Books and magazines
    • Others
  • Others

By Formulation

  • Water-based
  • Solvent-based
  • Oil-based
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • France
    • Germany
    • Italy
    • Netherlands
    • Spain
    • U.K.
    • Russia
    • Rest of Europe
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • Turkey
    • Rest of Middle East and Africa

This post was originally published on Crypto Coin Guardian