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Increasing Demand for Flexible Packaging Boosts Global Printing Inks Market

Press release Description

Albany, New York, January 27, 2016: Market Research Reports Search Engine (MRRSE) has added a research report to its database on the chemicals and materials industry. The report, titled “Printing Inks (Solvent-based Printing Inks, Water-based Printing Inks, Oil-based Printing Inks and Others) Market by Process (Lithographic Printing, Gravure Printing, Flexographic Printing, Digital Printing and Others) for Packaging, Publication and Commercial Printing and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” covers all aspects of this market in order to fully visualize a trajectory for its future.

The primary growth driver for the global printing inks market, as per the report, is the increasing focus on manufacture and demand of flexible packaging. This segment is witnessing a high growth rate, and the packaging industry being the largest end-user of printing inks, has created a major scope for the growth of this market.

Browse Full Global Printing Inks Market Report with TOC:

On the basis of type of products, the report divides the global printing inks market into water-based, oil-based, and solvent-based printing inks, along with other minor segments. Of these, the global printing inks market was led collectively by solvent-based and oil-based printing inks. The future of the global printing inks market, however, lies in the growth of the water-based printing inks segment, according to the report. This spike in demand for water-based inks is caused by a growing concern over the harmful effects of the other types of printing inks. In comparison, water-based printing inks pose little to no threat to the environment.

In terms of printing process, the global printing inks market was led by lithography, with a share of 40%, in 2013. This segment is expected to receive stiff competition from the emerging segment of digital printing.

Geographically, the global printing inks market was dominated by North America in 2013. This segment is expected to retain its leadership of the market, but will end up losing market share to Asia Pacific. The Asia Pacific printing inks market is growing at the fastest rate owing to rapid industrialization and growing consumer base with higher disposable incomes. Higher levels of consumption have allowed the global printing inks market to grow through greater use of products in packaging as well as print media meant for marketing.

The key players of the global printing inks market are Royal Dutch Printing Ink Factories Van Son, Siegwerk Druckfarben AG & Co. KGaA, Huber Group, T&K TOKA Corporation, Sun Chemical Corporation, Sakata INX Corporation, ALTANA AG, Flint Group, TOYO Ink Group, Zeller+Gmelin GmbH & Co. KG, and Wikoff Color Corporation.

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