Uploaded on Nov 18, 2020
Printing Inks Market Information by Resin (Modified Rosin, Modified Cellulose, Acrylic, Polyurethane, Others), Product (Gravure, Flexographic, Lithographic, Digital, Others), Application and Region - Forecast 2017-2027
Printing Inks Market
Printing Inks Market Information by Resin
(Modified Rosin, Modified Cellulose, Acrylic,
Polyurethane, Others), Product (Gravure,
Flexographic, Lithographic, Digital, Others),
Application and Region - Forecast 2017-2027
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Market Summary
The global Printing Inks Market is forecast to reach USD 28.15 Billion by 2027, according to a new report
by Reports and Data. Increasing demand through various applications like flexible packaging & labeling,
corrugated cardboard, modern letterpress, and folding cartons are the crucial factors expected to propel
the market over the forecast period. Increased consumer expenditure in the Asia Pacific and North
American areas, increased demand for flexible packaging of exceptional quality are some of the critical
parameters that affect the demand for printing inks across the globe. Technology developments,
technical changes, modern raw material procurement structures, and growth approaches are some of
the big drifts centered on by the businesses to address different market needs. The latest developments
this sector has seen include the growing value of flexographic and wireless toners, food-safe printing
inks, and a change in market preference towards environment-friendly goods.
The parliamentary system also plays a significant part in the development of this sector. Strict
restrictions on toxic metals in solvents & volatile organic compound (VOC) pollution in such inks is likely
to impede the overall market development. The argument has contributed to the usage of cellulose and
rosin derivatives as resins for making inks that are energy-intensive. Because of its superior properties
and unique demands from the apparel, ceramic, and 3D printing technology markets, digital ink is
projected to be the fastest-growing product category. The automated toners experienced lower label
costs relative to standard inks, and their ability for flipping between labels immediately contributed to
this company becoming the fastest-growing product.
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Printing inks include pigments or colorants that are used to make a picture, text, or design. They are
employed in the advertising, labeling, and marketing sectors and are utilized in various printing
methods, including flexography, lithography, optical printing, and gravure. Over the forecast period, the
demand for eco-friendly inks is projected to rise. The creation of innovative printing technologies such as
inkjets and UV-curable inks often provides significant prospects for growth by developing new business
avenues. Growing competition for environmentally friendly inks is one of the market's main factors.
Increasing environmental issues are driving policymakers to change printing industry standards. The
need for oil-based and biodegradable inks on vegetables is rising. Vegetable oil-based and biodegradable
inks limit or remove the usage of mineral oils in the inks, maintain non-renewable supplies, and mitigate
VOC pollution. The primary benefit of eco-friendly inks is increased paper recyclability because it
enables effective ink isolation from paper. However, raising awareness of the presence of e-books and
stringent government environmental legislation on ink production is restricting market growth in the
printing inks. The emission of VOC and toxic metals found in individual printing solution inks often
hampers the development of the industry.
Due to the drastic growth in the cosmetic and pharmaceutical industries, & food & beverage, Asia Pacific
holds the dominant share in the market. The rise is primarily attributed to better lifestyles for
customers. The increase in buyer's purchasing power is also boosting the market. Besides, the shift of
pharmaceutical manufacturers is focused on establishing their manufacturing facilities in India, China,
and Southeast Asia, which are expanding the market due to the high demand for medicines and low
initial investment.
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The COVID-19 impact:
While the COVID-19 epidemic is rising, manufacturers are gradually adapting their production and
purchasing strategies to fulfill the challenges of a pandemic that has created market-based Printing Inks
needs. There will be a series of negative and positive disruptions over a few months as retailers and their
suppliers respond to growing customer demands. With an unhealthy global situation, several states look
vulnerable to export-dependent economies. Because of a lack of downwind demand, the effect of this
pandemic would transform the global Printing Inks industry, some manufacturing plants either shut
down or decrease their capacity. Others, however, stopped their output by their respective governments
as a precautionary move to prevent the spread of the virus. For other nations, by looking at the severity
of the crisis and the consequent behavior of the state officials themselves, customers are centered on
becoming more important. Market dynamics in Asia Pacific countries have become chaotic in all of these
situations, collapsing frequently and finding it impossible to stabilize.
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Further key findings from the report suggest
• Based on the resin, acrylic generated a revenue of USD 4.34 billion in 2019 and believed to rise with a
CAGR of 5.0% in the forecast period because of its quicker recovery properties, flexibility, and cost-
effective design.
• The flexographic product expected to grow with a CAGR of 4.7% in the forecasted period due to the
increased usage of rotogravure and digital solutions in the growing packaging industry, including
corrugated cardboard and folding cartons.
• The packaging and labeling application is the major contributor to the Printing Inks Market. The
packaging and labeling sectors of the Asia Pacific region are the major shareholder of the market and
held around 42.1% of the market in the year 2019, due to the increasing middle-class population in
developing nations such as India and Thailand, a change in customer demand for the convenience of
packaged foods & online retailing with widespread broadband penetration and biodegradable
commodity requirements.
• The Asia Pacific dominated the market for Printing Inks in 2019, attributable to the advancements in
technological ink printing and growth in the various end-use applications coupled with the rising
demand for inks. Asia Pacific region held approximately 38.9% of the market, followed by Europe,
which contains around 25.3% market in the year 2019.
• Key participants include Siegwerk Druckfarben AG & Co. KGaA, Sakata Inx Corporation, Wikoff Color
Corporation, Flint Group, Sun Chemicals, DIC Corporation, Altana Epple Druckfarben, MHM Holding
GmbH, Tokyo Printing Ink Mfg. Co. Ltd., and Koninklijke Drukinktfabrieken Van Son B.V., among
others.
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For the purpose of this report, Reports and Data have segmented into the global Printing Inks market on
the basis of resin, product, application, and region:
Resin Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
• Modified Rosin
• Modified Cellulose
• Acrylic
• Polyurethane
• Others
Product Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
• Gravure
• Flexographic
• Lithographic
• Digital
• Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
• Packaging & Labels
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• Corrugated Cardboards
• Publication & Commercial Printing
• Others
Regional Outlook (Volume Kilo Tons, Revenue, USD Million; 2016–2026)
• North America
• U.S
• Canada
• Europe
• Germany
• UK
• France
• Benelux
• Rest of Europe
• Asia Pacific
• China
• Japan
• South Korea
• Rest of APAC
• MEA
• Saudi Arabia
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• UAE
• Rest of MEA
• Latin America
• Brazil
• Rest of LATAM
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