The global packaging print inks market was valued at around USD 13 billion in 2016 and is expected to surpass USD 17 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global packaging print inks market, under its paints, coatings, and pigments portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like DIC CORPORATION, Flint Group, INX International Ink, and Siegwerk Druckfarben.
According to Sharan Raj, a lead analyst for paints, coatings, and pigments research at Technavio, “Many manufacturers are entering the FMCG market, and the products offered under this segment are expanding. Furthermore, established manufacturers are venturing into new markets. Such product and portfolio expansions are prompting manufacturers to develop packaging products that are unique and have a lasting impact on the consumers.”
Along with protection, packaging also enhances the aesthetic appeal of a product and makes it unique among the available counterparts, which is attributable as a unique selling point. Inks, coatings, and substrates are evolving to maximize graphics and shelf impact.
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New technologies on the rise
Printing ink formulators are focusing increasingly on bringing in product differentiation in terms of technological improvements in an attempt to keep pace with the packaging sector and its unending requirements. For instance, INX International Ink has developed two flexographic inks namely Synergy and Innova, which are focused to cater to the flexible films market. These are high-speed flexographic inks that can print at a speed up to 2000 feet per minute.
Stability of raw material prices in 2015
Availability of supply and stabilization of costs plays a vital role in the growth of the global packaging print inks market. Moreover, the global economy has been favorable for the packaging sector, which in turn, strengthens the demand-supply balance in the oil oversupply scenario. Such developments enable smooth movement in the supply chain without large implications on any one particular segment of the value chain.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Packaging Print Inks Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Digital Printing Market for Packaging 2017-2021
- Global Packaging Inks and Coatings Market 2016-2020
- Global Aluminum Pigment Market 2017-2021
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