Printing Inks Market Boosted by Industry’s Transition to Usage of Cobalt-Free Formulations
Jun 22, 2017
According to the market research report “Printing Inks Market: By Product (Solvent-Based, Water-Based and Oil-Based); By Process (Lithographic Printing, Gravure Printing, Flexographic Printing & Digital Printing), Application (Packaging, Publication & Commercial) & By Region - Forecast (2016-2021)”, published by IndustryARC, estimates that India and China will serve as key future growth drivers.
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The Printing Inks Market primarily focuses on the development of printing methods, like gravure printing or flexographic printing, and related print equipment which adds value to this process. Ink can be described a chemical compound which contains a combination of pigments of a specific color as well as oil or varnish.
The printing process itself is popularly perceived as a method to re-make an image or a body of text with the help pf a particular template. Ink is widely utilized in the printing process and in the modern digital printing process by a wide variety of industrial sectors. Printing ink is extensively utilized in the packaging industry, for placing recognizable marks, as well as the publication and commercial printing industries for generating publicity or literature. The Printing Inks Market views the textiles industry requirements for modern digital printing processes as a key growth avenue in the future.
Scope & Regional Forecast of the Printing Inks Market
The Printing Inks Market perceives variables like the rising requirement for digitally printed material, extensive utilization of printers in regular households and a requirement for bio-based printing inks as the key drivers of growth. It also expects to tackle a few obstacles in the form of climate change as government regulations and environmentalists raise the heat on reducing waste material and the elimination of carbon foot print of print equipment as well as various printing methods.
Recently, the Printing Inks Market has enjoyed a great amount of R&D investment for the gradual innovation of bio-based printing ink. Many governments across the world have put in place stringent environmental regulations to force ink suppliers to reduce their detrimental impact on the environment and to create more eco-friendly printing techniques.
The Printing Inks Market is currently dictated by North America, and clsoely trailed by Asia-Pacific and Europe. During the forecast period, Asia-Pacific is anticipated to register the fastest growth of all till 2021 because of rising demand for printing inks from a wide vareity industrial sectors. The printing material requirement in this region is being boosted by burgeoning nations like India and China.
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Segmentations & Key Players Involved in the Printing Inks Market
The Printing Inks Market can be broken down into various segmentations on the basis of -
Product: Solvent-based printing inks, Water-based printing inks, Oil-based printing inks and Other printing inks (Including UV-cured Inks).
Process: Lithographic printing, Gravure printing, Flexographic printing, Digital printing and Other printing (Including letterpress printing).
Application: Packaging, Publication and commercial printing and Others (Including decorative printing).
Geography: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Printing Inks Market are as follows:
Wikoff Color Corporation
T&K TOKA Corporation
Toyo Ink Group
Zeller+Gmelin GmbH & Co. KG
Royal Dutch Printing Ink Factories Van Son and Others
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The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
Identifies growth sectors and factors driving or constraining the market.
The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 - 2021, to assess how the market will develop.
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