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Resourcefully Equipped South Africa Printing Inks Market Remains Fruitful Despite Digitalization

Press release Description

Albany, New York, March 16, 2017: Market Research Reports Search Engine (MRRSE) has announced the addition of a new report to its repository, titled “Printing Inks Market – South Africa Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” This 70-page report has been prepared to act as a credible document for the audiences such as printing inks manufacturers, raw material suppliers, traders, suppliers, and distributors, and investment research firms. The report analyzes all the micro and macro factors that are expected to impact the demand in the near future, and estimates the future scenario until 2024. The report evaluates that the South Africa printing inks market had opportunities worth US$85.89 mn in 2015, which will increase up to US$155.13 mn by the end of 2024, expanding at a healthy CAGR of 6.9% during the forecast period of 2016 to 2024.

The report observes that the printing industry contributes a significant chunk of South Africa’s economy, remaining considerably neutralized from the digitalization of the traditional paper printing sector across the other countries around the world. This is owing to the availability of raw materials and rich resources in South Africa to produce paper. The rising demand for packaged consumer goods is another factor augmenting the demand for printing inks in South Africa. Some of the end use industries using printing inks in the country include textiles, publication, and metal cans, although digital media is expected to hamper the growth rate to a certain extent during the forecast period. The packaging industry, which is thriving in South Africa due to increasing disposable income, growing youth population, and continuously changing lifestyle in the country, is expected to positively reflect on printing inks market in the nation. The growing trend of e-commerce and flourishing tourism industry in South Africa is also expected to negatively impact the market with the emergence of the trends such as online travel and hotel reservations and e-tickets.

Based on application, the report segments the South Africa printing inks market into screen printing inks, gravure printing inks, digital printing inks, flexographic printing inks, offset printing inks, and specialty inks. On the basis of end-use industry, the report categorizes the market into packaging, publication and commercial printing, metal cans, textiles, and others including decorative inks.

The report points out that the competition in the South Africa printing inks market is highly fragmented, owing to the presence of a large number of domestic players. In 2015, top six companies accounted for about 60% of the market while the remaining chunk belonged to local players. The six leading players identified by the report are Constantia Printing Inks, New Africa Inks (Pty) Ltd., Hi-Tech Inks (Pty) Ltd., Hostmann-Steinberg South Africa (Pty) Ltd., Flint Group South Africa Ltd., and NUtec Digital Ink (Pty) Ltd. These existing players concentrate on the development of new products to gain ground over their competitors. For example, VarioLam AB LEC, a range of multi-functional polyurethane-based (PU-based) inks that have strong attributes such as resilience against heat and moisture and possess extended shelf life, was launched by Flint Group Flexible Packaging in August 2016.

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