Overview

Printing Inks Market Introduction:

Printing inks market is forecasted to value over USD 25.5 billion by 2027 end and register a CAGR of 4.5% from the forecast period 2020-2027.
The superior properties of constituents like binders, solubilizers and additives to produce images and texts coupled with the rising demand of packaging industry and commercial printing is driving the market. Factors such expansion of commercial publications, corrugated cardboard and rising consumer preference towards environmentally friendly solutions is accelerating the growth of the market. Government agencies are compelling manufacturers to opt for bio-friendly alternatives due to the emission of the volatile organic compound and toxic metals present in some of the printing ink. Such initiatives are creating new opportunities for manufacturers.

Printing Inks Market Overview:
The market is classified into product, process, and application. Based on product, water-based inks are expected to dominate the market growth. The manufacturers are opting for water-based ink owing to its environmentally friendly nature. They also perform efficiently in applications involving textiles, paper, and cardboard. Latest advancements made in water-based ink technology is also spurring the market. The development of novel additives and water-based printing processes is boosting the market as well.

On the basis of process, flexography, gravure, and lithography are expected to show exponential growth. Lithography offer superior image quality for practical and smooth surfaces at affordable costs. The expansion of packaging industry has resulted in the demand for gravure, digital solutions and flexographic. Flexographic offers flexible packaging and digital solutions are utilized for ceramic and textile printing. Gravure offers high-speed process and is vastly used for producing intricate details.

In terms of application packaging & labels dictates the growth of the market. The rise in the middle-class population in emerging economies like Thailand and India coupled with the rapid growth of the e-commerce industry is boosting the market. In addition, the consumer preference for biodegradable food packaging is stimulating the market.
Based on the region, the Asia-Pacific region holds a vast share of the market. Countries like India, China, and Japan have been witnessing a huge growth of E-commerce and is providing a lucrative opportunity for the manufacturers for ink market. Japan and China are also home to some of the biggest players in the market. The increase in demand for books, magazines, and newspapers is also positively influencing the market in the region. North America and Europe are also forecasted to show considerable growth owing to the easy availability of resin and growing demand for flexible packaging and commercial printing.

Prominent players of the market are Flint Group, Siegwerk Druckfarben AG & Co. DIC Corporation, Sun Chemicals, Wikoff Color Corporation, and Sakata Inx Corporation.

Competitive Landscape:
● Prominent players are opting for expansion to bolster the maker. Epple Druckfarben Italia S.r.I, a German offset printing inks company has expanded its services to Kansas, US.

FutureWise Key Takeaways:
● Printed electronics is predicted to witness significant due to the growing electronics industry
● Digital printing is also forecasted to show vast growth owing to technological advancements and low-cost feature. It's quickly becoming a consumer favourite as it delivers nonimpact imaging processes

Printing Inks Market Segmentation:

By Process
● Flexographic
● Lithographic
● Gravure
● Digital
● Others

By Product
● Solvent-based
● Water-based
● Oil-based
● Other Printing Inks

By Application
● Packaging
● Publication and Commercial Printing
● Others

By Region
● North America
● Europe
● Asia Pacific
● Latin America
● Middle East & Africa

Objectives of the Study:
• To provide with an exhaustive analysis on the global printing inks market by product, by the process, by applications, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies