Printing Inks Market Size to Cross USD 43090.6 Mn by 2031 Due to the Increasing Demand from Packaging Industry | Transparency Market Research

Wilmington, Delaware, United States. March 25, 2023 (GLOBE NEWSWIRE — Transparency Market Research estimates that the global printing inks industry will reach a market value of USD 24,306.4 Million in 2020. The market is expected to grow at a steady 5.4% CAGR over the forecast period from 2021 to 2031 to reach USD 43.090.6 Mn in 2031.

Global consolidations are underway in the printing inks sector to increase productivity, grow, and improve negotiating power with clients and suppliers. With little organic growth, market consolidation is a long-standing trend in the west.

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Market Snapshot

The printing inks market will benefit from technological advances, improved packaging techniques and case-ready packaging. In the United States, and Europe, there are expected to be improvements in food processing technology that will accelerate the growth of the packaged foods business. This will lead to an increase in demand for flexible packaging over the forecast period.

The booming need for energy-curing pigments in the printing & packaging industries is another important reason driving the global printing inks market expansion. There are many energy-curing inks available, including UV-cured inks and solvent-UV hybrids inks. These inks have a wide range of applications and are highly popular because of their extraordinary qualities.

Market Report Key Findings

• From 2021 to 2031, the global printing ink market is expected to grow at 5.4%.
• Asia Pacific was projected to hold the dominant market share by 2020.
• The market will be driven by demand for different packaging and an increase in production.
  

Printing Inks Market Trends

• Gravure inks can be used for photo printing. But, they can also work on metal foils and thin papers. This process uses “liquid inks”. These print processes can be used in a wide range applications, such as tobacco products, food packaging and cosmetics on a wide array of substrates including cardboard, plastics.
• Flexographic inks can also be used on a variety substrates such as paper, films and laminates, foils and foils. These inks are expected to increase significantly due to their eco-friendliness and affordability. The rising demand for flexible packaging and cardboard printing after increasing logistical volumes has also contributed to the increased need for flexographicink in the United States.

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Global Printing Inks Market.

• Asia Pacific held the largest share of the global printing inks industry’s revenue in 2020 and was leading the market. It is expected that this dominance will continue for the remainder of the forecast period. The favorable impact of rising food consumption and rapid growth of the packaging industry as a consequence of the establishment of many enterprises including the healthcare sector and e-commerce has influenced the region’s market growth.
• China was the Asia Pacific leader in printing inks in 2020. This dominance will likely continue in the forecast period. The nation’s growing packaging sector demand will be a major driver of market demand. In recent years, the packaging sector has experienced significant growth due to the rapid rise of ecommerce and the increased demand for international shipment.

Global Printing Inks Market Key Players

• Flint Group
• Sun Chemical Corporation
• Altana AG
• Siegwerk Druckfarben AG & Co. KGaA
• Sakata INX Corporation
• Wikoff Color Corporation
• T&K Toka Corporation
• Toyo Ink Group
• Zeller+Gmelin GmbH & Co. KG
• Royal Dutch Printing Ink Factories Van Son
• Huber Group
  

Some of the major players have made some developments:

• In January 2022, Sun Chemical bought SAPICI. Sun Chemical acquired SAPICI in January 2022 to strengthen its integrated supply chain strategy in the packaging industry. The company now has the capability to make unique polymers for all of its line of coatings. Inks, lamination adhesives, and other products. This polymer range includes industrial adhesives, elastomers and varnishes.
• Encres DUBUIT acquired POLY-INK on January 20, 2022. They expanded their product line with conductive Inks. The business’s expertise in nanomaterial science and application engineering has been merged through this acquisition. Encres DUBUIT has been able to acquire POLY-INK. This acquisition allows it to tap into its wider client base and develop innovative biosourced solutions to replace indium tinoxide (ITO), in sensors, flexible display, OLEDs, touch screen, and photovoltaic cells.

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Global Printing Inks Market: Segmentation

By Product

• Solvent-based
• Water-based
• Oil-based
• Others

By Process

• Gravure
• Flexographic
• Lithographic
• Digital
• Others
  

By Application

• Packaging & labels
• Publication & Commercial Printing
• Others
  

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
  

Transparency Market Research

Transparency Market Research, an American market research company, is located in Wilmington, Delaware. They offer custom research and consulting. It examines the factors that influence demand dynamics in different markets. These insights and perspectives provide insight into the markets to help evaluate potential opportunities in different segments. These insights and perspectives will allow you to evaluate the market opportunities based upon source, application, demographics sales channel, end-use, and other factors. This will enable you to determine how the markets will grow over the next decade.

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