Global Market for Printing Inks is Projected to Reach US$21 Billion by 2020

Rising Demand for Eco-Friendly Inks Drives the Global Printing Inks Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Printing Inks markets. Global market for Printing Inks is projected to reach US$21 billion by 2020, driven by technology developments, increasing application in the packaging industry, and growing demand for eco-friendly inks.

Printing inks comprising lithographic, flexographic, gravure, digital and others is a cyclical industry with demand patterns dependent on macro climate and GDP growth. High raw material prices were witnessed in the recent past triggered by shortages in supply. Additionally, higher costs and stringent environmental mandates are few of the other supply concerns presently faced by the market. On the demand side, declining demand from the publishing industry is being mitigated by stable and growing demand from the packaging industry. Revival in economic growth, increasing adoption of eco-friendly inks and growing demand for digital inks are poised to support demand for printing inks in the coming years.  

The growing focus on R&D, amidst intensifying competition and environmental concerns, is poised to benefit the market for Printing Inks. Developmental efforts will increasingly be focused on engineering products with smaller environmental footprint, superior energy efficiency and enhanced resistance to chemicals such as solvents and cleaners. New advancements in digital technology are expected to provide huge business opportunities to inkjet ink suppliers in the areas of packaging, textile and commercial printing. Environmental benefits, on the other hand, are driving demand for UV inks. Advancements in UV inks have led to improved product functionalities such as enhanced opacity, better print quality, compatibility with high-speed printing, and environmental compliance, thereby driving their demand. UV-curable ink, an offshoot of the hybrid energy-curable ink technology, is making inroads into markets in the US, Western Europe, Japan, and parts of Asia-Pacific.   

As stated by the new market research report on Printing Inks, the US represents the single largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with volume sales projected to grow at a CAGR of 6.6% over the analysis period.

[Lithographic inks represents the largest product market, while digital inks is forecast to be the fastest growing segment driven by improvements in screen-printing technology, growing popularity of outdoor signage, and widespread use of inkjet printing.

Major players in the market include Dainichiseika Color & Chemicals Mfg. Co., Ltd., DIC Corporation, Sun Chemical Corp., Flint Group, hubergroup, Sakata Inx Corporation, INX International Ink Co., Siegwerk Druckfarben AG & Co. KGaA, and Tokyo Printing Ink Mfg. Co. Ltd., among others.

The research report titled "Printing Inks: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, product innovations and launches, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in US$ Thousand and Tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific (Australia, China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). Key product segments analyzed in the report include Lithographic Inks, Flexographic Inks, Gravure Inks, Digital Inks and Other Inks.

###