Market Introduction:-
Printing inks are liquid pastes that are used in many applications because they have bonding potential, high tensile strength, and tear resisting properties. Market Research Future (MRFR) has published and released a research report about the global printing inks market that anticipates growth for this market during the forecast period between 2017 and 2023.
The key factors that can accelerate the growth of the global printing inks market include growing demand for packaging and commercial printing and growing packaging industry in the developing regions. Growing research and development (R & D) activities on eco-friendly inks due to the stringent regulation on the volatile organic compounds (VOC) content mainly in North America and Europe is likely to boost the market in these regions.
Key Players:-
The key players global printing inks market include DIC Corporation (Japan), Flint Group (Luxembourg), Royal Dutch Printing Ink Factories Van Son (Netherland), Sakata Inx Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Sun Chemicals (USA), Toyo Ink S.C. Holdings (Japan), T&K Toka (Japan), Wikoff Color Corporation (USA), and Zeller+Gmelin GmbH & Co. KG (Germany).
Latest Industry News:-
- Flint Group India is set to offer inks for solvent-based gravure lamination printing which are free of ketone and toluene-based solvent.10 OCT 2018
- Xeikon will exhibit its new five-color Xeikon 3500 line at ALL4PACK 2018 on Nov. 26-29 in Paris-Nord Villepinte. 10 SEP 2018
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The growing demand for packaging and commercial printing is expected to have a positive impact on the global printing inks market throughout the globe. Moreover, the growing packaging industry in the developing regions is also expected to significantly contribute to the growth of the market during the forecasted years. However, the volatility in raw material prices and the presence of toxic metals in some inks can be a major restraining factor to the market growth. Furthermore, the growing research and development activities on eco-friendly inks owing to the stringent regulation on the VOC content mainly in North America and Europe is anticipated to be a major opportunity for the market during the forecast years.
Segmentation:-
The global printing inks market has been segmented on the basis of application, process, resin type, and lastly, region. Based on application, this market has been segmented into corrugated cardboard, packaging and labels, publication & commercial printing, and others. The process-based segmentation segments this market into digital, flexographic, gravure, lithographic, and others. By resin type, the market segmentation covers acrylics, hydrocarbon, modified cellulose, modified rosin, polyamide, polyurethane, and others.
Geographical Analysis:-
The regional segmentation of the global printing inks market segments the market into the continent-based regional markets namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). According to the report, Asia Pacific holds the major market share, and it is set to grow during the forecast period. The factors responsible for the market include growing inter-country trade in this region resulting in the use of printing inks in packaging, and corrugated boxes, growth in this region include growing population, increasing personal disposable income in the developing countries, and increasing working population. Demand for processed and on-the-go food products is creating the necessity for label and stickers that require printing ink. In this region, the significant country-specific markets are Australia, China, India, Japan, and New Zealand, followed by the rest of the Asia Pacific region.
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LIST OF TABLES
Table 1 World Population By Major Regions (2017 To 2030)
Table 2 Global Printing Inks Market: By Region, 2017-2023
Table 3 North America Printing Inks Market: By Country, 2017-2023
Table 4 Europe Printing Inks Market: By Country, 2017-2023
Table 5 Asia-Pacific Printing Inks Market: By Country, 2017-2023
Table 6 Middle East & Africa Printing Inks Market: By Country, 2017-2023
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