Printing is widely used in our society to pass on the information and to decorate objects. This has resulted in printing being used on many different surfaces, ranging from aluminum cans and plastic bottles to paper. Printing inks are made of four basic components: pigments, resins, solvents, and additives. Special inks have been developed for use in these different situations. Increasing demand from various end-use industries is projected to propel the demand for printing inks during the forecast period.
By product type, printing ink market segmentation includes solvent-based printing inks, water-based printing inks, oil-based printing inks, and other printing inks. By process type, the market is segmented into lithographic printing, gravure printing, flexographic printing, digital printing, and other printing. On the basis of application, the global printing ink market is segmented into packaging, publication, commercial printing, and other applications. The market size and forecast of each product type, process type, and application are presented for the period 2015–2025, along with their respective CAGRs% for the forecast period 2017–20255.
The market size and forecast for the period 2015–2025, along with the CAGRs for the period 2017–2025 for the mentioned segments, are also presented in this study.
Qualitative information sets such as market dynamics (drivers, challenges, and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment propositions are also included in this study for the assessment of the market competition. The report concludes with a section on company profiles that highlight key information about the major market players operating in the global printing ink market.
A few key manufacturers in the global printing inks market include DIC Corporation, Flint Group, Royal Dutch Printing Ink, Sakata Inx., Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical, T&K Toka, Toyo Ink S.C. Holdings, Wikoff Color, and others.
Purpose of the Report
The purpose of this strategic research study titled "Printing Inks Market: Growth, Opportunities, Share, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and other industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global printing inks market.
1.1.1 Target Audience
Industry Investors
Printing ink manufacturers
End User Industries
Traders, distributors, and suppliers
Government and Research Organizations
Associations and Industry Bodies
Based on process type, the printing inks market is categorized into the following segments:
Lithographic Printing
Gravure Printing
Flexographic Printing
Digital Printing
Other Printing
Lithographic ink dominated the overall printing ink market in terms of volume and revenue. In 2016, segments accounted for more than 38% of the market share by revenue. Lithographic inks are widely used in commercial printers and have various advantages over other types, like longer plate life, better image quality, lower costs, lower ink consumption, and greater printing flexibility. This will aid in the steady growth of the segment in the upcoming years. However, the digital printing segment is expected to witness the highest CAGR owing to the increasing uptake of modern printing methods.
Based on product type, the printing inks market is categorized into the following segments:
Solvent-based printing inks
Water-Based Printing Inks
Oil-Based Printing Inks
other printing inks
In the base year 2016, oil-based printing inks dominated the global printing inks market, followed by solvent-based printing inks. However, due to "rising" concern about VOC emissions and the presence of heavy metals in the printing inks, there has been an increase in the adoption of water-based printing inks among end users. Water-based printing inks are expected to register the highest growth rate in the forecast period of 2017 to 2025. Furthermore, the increasing demand for bio-based printing inks in the food packaging industry and the low costs of these inks will propel the demand for bio-based printing inks in the coming years.
Based on application, the printing inks market is categorized into the following segments:
Packaging
Publication and Commercial Printing
Others
Printing inks find application in various sectors such as the automotive sector, sports, toys, promotional items, electronics, household appliances, plastic cups, pots, plastic bottles, plastic cartridges, plastic tubes, glass, labels, optical media, bottle caps, the furniture industry, flexible packaging, wallpapers, cigarettes, bottle caps for wine and sparkling wine, aluminum covers, and films. However, printing inks are widely used in the packaging industry and in publication and commercial printing.
In the base year 2016, packaging applications dominated the overall market for printing inks and were expected to maintain their dominance in the upcoming years. The rapid growth of the packaging industry is one of the key factors driving the printing ink market globally.
The increasing demand from the consumer goods industry for flexible packaging and various technological innovations in the packaging industry has led to significant growth in the demand for printing inks in the packaging industry. As the internet and digital print media replace print media, demand for printing inks from publications and commercial printing will witness sluggish growth in the upcoming years.
On the basis of geographical distribution, the global printing ink market is segmented into the following regional markets:
North America
U.S.
Canada
Europe
Germany
France
U.K.
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
rest of Latin America
Middle East and Africa
GCC
Rest of the Middle East and Africa
In 2016, North America was the largest region, accounting for more than 27% of the global printing ink market. The region is also anticipated to witness significant growth in the consumption of printing inks during the forecast period (2017–2025). This growth is attributed to rising demand for printing products in various end-user segments, such as the packaging industry, the publication and commercial printing industry, and the decorative printing industry in the region.
China is the largest regional market for printing inks, supported by the dominant packaging industry. India's spurring food and beverage activity is projected to advance at a healthy rate, thus increasing the market demand for printing inks for food and beverage packaging in the country. Existing players in the global packaging ink market are expanding their presence in key developing regions such as Asia Pacific and Latin America by establishing new business units there.
Frequently Asked Question:
The market for Printing Inks Market is expected to reach USD$ 25 Bn in 2025.
The Printing Inks Market is expected to see significant CAGR growth over the coming years, at 4.6%.
The report is forecasted from 2017-2025.
The base year of this report is 2016.
DIC Corporation, Flint Group, Royal Dutch Printing Ink, Sakata Inx., Siegwerk Druckfarben AG & Co.are some of the major players in the global market.
