18 October 2019 - Global Printing Ink
Market is estimated to witness
considerable growth in the years to come due to increasing application from
various sectors, especially packaging industry. Printing ink is the pigment or
dye that is used to color an image, design, or a surface. It is widely used in
the form of paste or thick inks in lithographic printing and letterpress.
Printing ink has wide applications medical, architecture, apparels, furniture,
housings, functional inks & coatings and automotive.
The
drivers of printing ink market comprise explosive demand from packaging and
paper media industry from emerging economies like China and India, growth in
urbanization and increase in education levels in these regions. Additionally,
rise in digital printed books, upgrades in the fashion sector, increase in
demand for various publishing print products like newspaper, books and
magazines are also fueling the growth of the market. However, market faces
restraints due to high cost of printing inks.
Increase
in demand for printed electronics, textile printing in packaging sector is an
emerging trend witnessed in the market. Moreover, increase in printed
electronics due to developing electronic industry is expected to offer
opportunities in the market.
Market
is categorized on the basis of type, end user, application, and geography. On
the basis of type, market is divided into flexographic, gravure, lithographic
and digital. Digital printing segment is expected to register significant share
of printing ink market owing to the speedy inclination towards modern digital
methods.
In
terms of application, market is split into gravure printing inks, digital
printing inks, screen printing inks, offset printing inks, specialty inks, and
flexographic printing inks. Digital printing ink segment registers maximum
growth owing to the increase in demand for digital printing techniques.
Based
on end user, market is bifurcated into packaging, publication, decorative
printing, and commercial printing. Packaging segment is predicted to hold
larger share of the market owing to the proliferation of ecommerce industry due
to increase in use of labels and tags and incomparable growth in consumerism.
Geographically,
market is segmented as North America, South America, Europe, Asia Pacific, and
Middle East & Africa. North America, followed by Europe are predicted to
hold significant share of the printing ink market due to proliferation in
commercial printing sector and flexible packaging. The major players in
printing ink market comprise GL Specialized Inks (Pty) Ltd., Hi-Tech Inks (Pty)
Ltd., Africa Inks (Pty) Limited, Constantia Printing Inks, Select Inks, Millian
Inks, NUtec Digital Ink (Pty) Ltd., Hostmann-Steinberg South Africa (Pty) Ltd.,
and Flint Group South Africa Ltd.
Market Segment:
The latest market data for this research
include:
•
Overall printing ink market size, 2011-2022
•
Printing ink market size by product segment, 2011-2022
•
Growth rates of the overall printing ink market and different product segments,
2011-2022
•
Shares of different product segments of the overall printing ink market, 2011,
2017 and 2022
The product segments discussed in the
data reports include:
•
Black printing ink
•
Other printing ink
The reports help answering the following
questions:
•
What is the current size of the printing ink market in the world and in the top
10 global countries?
•
How is the printing ink market divided into different product segments?
•
How are the overall market and different product segments growing?
•
How is the market predicted to develop in the future?
•
What is the market potential compared to other countries?
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