Printing inks make use of chemical compounds that make them resistant to external factors of wear and tear, such as exposure to fluids, extreme temperatures (within a range), and contact with abrasive surfaces. Printing inks are primarily used in the packaging industry. They are also used in commercial printing and some types of publications.
Browse the full Report of Global Printing Inks Market: http://www.mrrse.com/printing-inks-market
The global printing inks market is progressing at a CAGR of 5.0% from 2014 to 2020. The market was valued at US$14.41 bn in 2013 and is expected to reach US$20.17 bn by the end of 2020. This incremental growth rate is facilitated by multiple factors, most of which are influenced or acted upon by key players ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, Zeller+Gmelin GmbH & Co. KG, Huber Group, Sun Chemical Corporation, Sakata INX Corporation, Royal Dutch Printing Ink Factories Van Son, Flint Group, T&K TOKA Corporation, TOYO Ink Group, and Wikoff Color Corporation.
Introduction of Flexible Packaging Propels Global Printing Inks Market
One of the greater drivers of the global printing inks market currently is the hugely growing area of flexible packaging. With packaging already established as the largest segment for printing inks in 2013 as well as the fastest growing one for the coming years, the rapid growth of flexible packaging can be seen as a direct influence over the global printing inks market. Other segments that are also showing the promise of a faster growth rate are metal cans and tags and labels.
Global Printing Inks Market Gains from APAC’s Industrial Growth
North America has been the leading region in the global printing inks market for 2013 and ahead. This region held 30% of the market in 2013 and is expected to retain its leading position till 2018. However, at the same time, manufacturers and investors in the global printing inks market are becoming increasingly interested in the industrially advancing Asia Pacific region. This spells a new phase of growth for the global printing inks market as the growing number of consumers in Asia Pacific and similarly developing regions are prompting an increase in the packaging industry’s activities, owing to higher disposable incomes than before.
Environmental Concerns Cause Water-based Inks Segment to Grow Faster
In terms of product type, the global printing inks market is classified into oil-based, solvent-based, water-based, and other minor usage printing inks. Of these, water-based inks are expected to show the fastest growth rate till 2020. This growth rate can be attributed to growing research and development in water-based inks, spurred by rising concerns against the use of solvent and oil-based inks in packaging due to their inherently harming disposition towards the environment. Although the global printing inks market is currently dominated by solvent-based and oil-based inks, we could soon see water-based inks taking a larger slice of the market thanks to the strengthening efforts by manufacturers.
Browse the full Press Release of Global Printing Inks Market: http://www.mrrse.com/printing-inks-industry
Nearly 40% of the global printing inks market was constituted of lithographic printing in terms of printing processes. This is expected to change soon, with growing attention paid to digital printing methods.