Printing Inks Market – Market Overview
Printing Inks are paste or a liquid that are primarily used to color various surfaces such as magazines, books, cardboards, ceramic tiles and others. Printing inks contains pigments and dyes which are used to produce a desired text or design. These inks are extensively used in various applications such as publications, corrugated boxes commercial printing and packaging among others. They provide a basic source of information in many consumer and other products. The growing demand from the commercial printing and the packaging industry is anticipated to be a major driving factor in the growth of the market. With the growing retail sector especially in the developing regions the demand for consumer goods has be surging which in turn is expected to boost the market demand for printing inks from the packaging industry. Furthermore, the growing investment expenditure in the development of bio sustainable inks is expected to be a major opportunity in the market growth.
Printing Inks are market segmented on the basis of their process, resin type, application and region. On the basis of the process type the lithography is the dominant segment and is projected to show the same trend during the forecast years. The advantages of lithography such as low cost and enhance quality of image is accounted for the growth of the segment, whereas the digital printing segment in set to grow at an expanding CAGR during the review period. On the basis of resin type, polyurethane is expected to be the leading segment. The properties such as flexibility, tensile strength, enhanced bonding potential, and corrosion resistance makes it ideal for the use in many applications.
According to the analysis of MRFR, the major market forces and trends driving growth of the Global Printing Inks Market includes growth in the packaging sector and the burgeoning growth in the automobile industry. Moreover, the growing purchasing power parity in the developing countries across the globe has augmented the demand from the packaging industry which in turn is further expected to boost the growth of the Global Printing Inks Market during the forecast period.
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Printing inks Market- Competitive Landscape
The Global Printing Inks Market is a highly lucrative market driven by flourishing demand from the packaging. Flint Group (Luxembourg), DIC Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Sakata Inx Corporation (Japan), Toyo Ink S.C. Holdings (Japan), and T&K Toka (Japan) are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the Global Printing Inks Market is projected to witness considerable competition over the forecast period of 2017-2023.
Asia pacific is expected to be the fastest growing region during the forecast years. The increasing growth of industries in the region is a dominant factor for the demand for paint and coatings in the region. North America is another major region in the market of printing inks. The developing packaging sector and the growing adoption rate are the key factor contributing to this growth. Moreover, strict regulation by the FDA for the display of product information in the packaging is further expected to add to the market growth.
Industry/ Innovation/ Related News:
2nd November 2016- Flint group confirms the acquisition of American Inks and Coatings (AIC), the eight largest ink manufacturer in the U.S. The acquisition is in line with their strategy to keep up with the dynamic demand form the packaging industry. This move is also expected to add to their product expertise and improve their existing supply chains.
12th December 2016– INX International Ink Company, announced the completion of its acquisition of Creative Industria e Comercio Ltda, an ink manufacturer in Sao Paulo, Brazil. This move is expected to boost the market dominance in Brazil and other South American regions.
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