The Printing Inks Market deals with the development, manufacture and distribution of printing methods, like gravure printing or flexographic printing, and supporting print equipment. Ink is a chemical compound which consists of a mixture of pigments of a particular color and oil or varnish.
The printing process can be described as a way to reproduce an image or a passage of text by utilizing a particular template. Ink is used in the printing process or, more recently, in the digital printing process in a variety of industries.
Printing ink is heavily used in the packaging industry for marking as well as the publication and commercial printing industries for advertisements or literature. The Printing Inks Market considers the textiles industry demand for updates digital printing processes as a significant growth opportunity during the next few years.
Scope & Regional Forecast of the Printing Inks Market
The Printing Inks Market considers factors like the growing demand for digitally printed material, expanding usage of printers in common households and a need for bio-based printing inks as primary market growth drivers. It also faces a few challenges in the form of climate change as regulatory bodies and environmentalists increase pressure on reducing waste and minimizing the carbon foot print of print equipment as well as various printing methods.
Recently, the Printing Inks Market has witnessed significant R&D investment for the development of bio-based printing ink. Various governments have tightened environmental regulations to make sure that ink suppliers decrease their negative impact on the environment and develop eco-friendly or sustainable printing methods.
The Printing Inks Market has so far been dominated by the region of North America, followed by Asia-Pacific and Europe. As far as the forecast period is concerned, Asia-Pacific is predicted to be the fastest growing market till 2021 due to rising demand for printing inks from various industry verticals. The demand in this region is being fuelled by growing economies like India and China.
Segmentations & Key Players involved in the Printing Inks Market
According to IndustryARC findings, 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).
Some of the key players involved in the Printing Inks Market according to IndustryARC 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
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