Global Printing Inks/Packaging Inks Market, By Technology (Solvent Based, Oil Based, Water Based, UV Curable, LED Curable, EB Curable and Others), Type (Flexo Inks, Offset Inks, Gravure Inks, Jet Inks, Metal Decorative Inks, Security Inks, and Others), Resin (Polyurethane, Acrylic, Vinyl, Polyamide, Polyketone, Nitrocellulose, and Others), Substrate (Paper and Board, Polyethylene, Aluminum, Polyvinyl Chloride, Polypropylene, Polyvinyl Acetate, Polyolefin, Cellophane, Polyester, Nylon, and Others), Application (Food Packaging, Wall Paper, Corrugated and Soil Board, Panels, Labels, Laminates, Carrier Bags, Aluminum Foils, Shrink Wrap Films, Envelopes, Paper Synthetic Films, Wrapping Paper, Heavy Duty Sacks, Deep Freeze Packaging, Hygiene Packaging, Flower Wrap and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Turkey, Taiwan, Belgium, Rest of Europe, China, South Korea, Hong Kong, Japan, India, Australia, Singapore, Malaysia, New Zealand, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, Saudi Arabia, South Africa, U.A.E., Egypt, Israel and Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Printing Inks/Packaging Inks Market
The global printing inks/packaging inks market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.7% in the forecast period of 2021 to 2028 and is expected to reach USD 14,605.39 million by 2028. Rising demand for the packaging and labels sector is boosting the market.
Printer ink is a type of ink that flows smoothly, dries quickly, and is of a consistency able to hold enough color to make printed matter legible. It is made in a fashion similar to paint. Colored dyes are added to the liquid base and are mixed well. The base ingredient of printer ink is usually oil, either linseed oil, soybean oil, or petroleum distillate. Carbon black and varnish are combined to make basic black ink. Colored ink is made with dyes/compounds like peacock blue, yellow lake, diarylide orange, and phthalocyanine green. Color shading is adjusted through the addition of white pigments, such as titanium dioxide. In addition, it contains numerous additives to make it flow properly and adhere to the paper.
Packaging inks are applied on different substrates with the help of different printing processes depending on the requirement. The growth of the market of packaging ink is expected to be driven by the high demand from the food industry. In addition, rise in the pharmaceutical industry, the demand for packaging ink will increase.
The rising demand for packaging ink in the food industry acts as a driver in the global printing inks/packaging inks market. Increasing environmental concerns in the market prove to be a challenge. However, advancements in products and technology are expected to provide opportunities for the global printing inks/packaging inks market. Government regulations on the production of the inks restrain the market.
The global printing inks/packaging inks market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the global printing inks/packaging inks market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Global Printing Inks/Packaging Inks Market Scope and Market Size
The global printing inks/packaging inks market is segmented based on technology, type, resin, substrate, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the global printing inks/packaging inks market is segmented into solvent based, oil based, water based, UV curable, LED curable, EB curable, and others. In 2021, the solvent based segment is expected to dominate the global printing inks/packaging inks market as it is more durable and can be applied to other materials such as uncoated vinyl and PVC, as well as paper, canvas, and other synthetic films.
- On the basis of type, the global printing inks/packaging inks market has been segmented into flexo inks, offset inks, gravure inks, jet inks, metal decorative inks, security inks, and others. In 2021, the flexo inks segment is anticipated to dominate as it is a strong choice for volume production and fast turnaround requirements. Ink costs and material costs are relatively low, with no special coatings required raising its demand in the market.
- On the basis of resin, the global printing inks/packaging inks market has been segmented into polyurethane, acrylic, vinyl, polyamide, polyketone, nitrocellulose, and others. In 2021, polyamide is expected to dominate the global printing inks/packaging inks market. It is mostly used for flexible packaging and reverse printings and is highly suitable for flexographic and gravure inks and laminating inks.
- On the basis of substrate, the global printing inks/packaging inks market has been segmented into paper and board, polyethylene, aluminum, polyvinyl chloride, polypropylene, polyvinyl acetate, polyolefin, cellophane, polyester, nylon, and others. In 2021, the paper and board segment is anticipated to dominate as it can be manufactured in all shapes and sizes using recycled materials and can be easily used for packaging.
- On the basis of application, the global printing inks/packaging inks market is segmented into food packaging, wall paper, corrugated and soil board, panels, labels, laminates, carrier bags, aluminum foils, shrink wrap films, envelopes, paper synthetic films, wrapping paper, heavy duty sacks, deep freeze packaging, hygiene packaging, flower wrap, and others. In 2021, the food packaging segment is anticipated to dominate as packaging ink help to mark date coding and traceability information on food packaging, which is used to track individual units and batches of product, quality control, and aid in the sale of the products.
Global Printing Inks/Packaging Inks Market Country Level Analysis
The global printing inks/packaging inks market is analyzed, and market size information is provided by the country, technology, type, resin, substrate, and application referenced above.
The countries covered in the global printing inks/packaging inks market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Taiwan, Hong Kong, New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of the Middle East and Africa.
The solvent based segment is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 due to the high demand by consumers. The U.S. dominates the market due to the high demand for packaging materials due to the fast-food culture. The high demand for packaged goods and food products also increases the demand for packaging inks/printing inks.
Germany dominates in the European region due to the region's high manufacturing industry and automotive industry requiring packaging industries for printing inks/packaging inks. China dominates the Asia-Pacific region because of the higher manufacturing and raw material availability of printing inks/packaging inks.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels is considered while providing forecast analysis of the country data.
Rising demand for packaging ink in the food industry is boosting the market growth of global printing inks/packaging inks market
The global printing inks/packaging inks market also provides you with a detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Global Printing Inks/Packaging Inks Market Share Analysis
The global printing inks/packaging inks market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the global printing inks/packaging inks market.
The major companies which are dealing in the global printing inks/packaging inks are DIC CORPORATION, SAKATA INX CORPORATION, Siegwerk Druckfarben AG & Co. KGaA, TOYO INK SC HOLDINGS CO., LTD., hubergroup Deutschland GmbH, Flint Group, Kao Collins Corporation, SICPA HOLDING SA, T&K TOKA Corporation, and TOKYO PRINTING INK MFG CO.,LTD., and other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, accelerating the global printing inks/packaging inks market.
For instances,
- In February 2021, Toyo Printing Inks, Inc., a subsidiary of TOYO INK SC HOLDINGS CO., LTD., announced the LP-9000 Toyo Life Premium Food LO/LM release a new series of sheetfed offset inks with low odor and low migration characteristics. The LP-9000 LO/LM product is suitable for printed packages for food, cosmetics, pharmaceutical, and other sensitive applications. It has been specially formulated for printing on the non-food contact surface of paper and cardboard media. With this, the company has delivered innovative food packaging solutions through advanced science to the customers
- In July 2020, SAKATA INX CORPORATION collaborated with Global Inkjet Systems (GIS) on industrial inkjet projects worldwide. The companies have worked together where SAKATA INX will provide access to large end-users and major OEMs, while GIS will provide complete workflow solutions for industrial inkjet applications. With this, the company will be able to provide digital printing solution to their customer
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