This market research study presents a detailed segmentation of the global printing inks market by printing process (lithographic inks, flexographic inks, digital inks, and gravure inks), by application (packaging industry, publishing and printing industry, and promotion and others), and by geography (APAC, EMEA, North America, and ROW). The key vendors identified in the market are Flint, Royal Dutch Printing Ink Factories, Sakata, Sun Chemical, T&K TOKA, Toyo Ink, and Wikoff Color.
Technavio’s market research analysts estimate the global printing inks market to grow at a CAGR of around 5% between 2016 and 2020. The market is going through high consumption of printing inks in the flexible packaging, publishing, and commercial printing industries. Of late, the manufacturers are switching from solvent-borne printing inks toward waterborne printing inks because of their eco-friendly features and due to the ease of substrate recycling. North America is the largest market for printing inks, accounting for 53% of eth total market share. The market for eco-friendly inks in the region has significantly benefitted from the imposition of stringent environmental regulations by the Environmental Protection Agency (EPA) regarding the use of inks containing high quantities of VOC.
The new market research report from Technavio provides a breakdown and analysis of the printing inks segments by technology.
“Growing popularity of vegetable oil-based inks is expected to aid in the growth of this market until the end of 2020. Rising concerns about the presence of heavy metals in printing inks and VOC emissions has led to the increasing adoption of printing inks made of vegetable oil-based solvents. Moreover, these eco-friendly inks result in improved paper recyclability as they enable efficient separation of ink from paper. Furthermore, the augmented demand for vegetable oil-based inks in the food packaging industry and the low costs of these inks will bolster this market’s growth prospects in the coming years,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
Currently, the lithographic inks segment leads the global printing inks market and accounts for close to 41% of the overall market share. Factors such as the extensive applications of lithographic inks in commercial printers and its numerous advantages like longer plate life, image quality, lower costs, lower ink consumption, and printing flexibility will aid in the steady growth of this market segment until the end of 2020.
The key vendors in the global printing inks market include Flint, Royal Dutch Printing Ink Factories, Sakata, Sun Chemical, T&K TOKA, Toyo Ink, and Wikoff Color. The market is highly fragmented due to the presence of numerous well-established global and regional vendors. The rapid technological advancements, intense competitions and frequent changes in consumer preferences will pose a threat to the market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Printing Inks Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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