Demand for printing inks is likely to increase in the next few years due to a significant rise in digital printing along with considerable demand for printing inks in household printing applications. Rising demand for printing inks in packaging application products, such as tags and labels, flexible packaging, and metal cans, is estimated to drive the global printing ink market in the forecast period.
Ink is a liquid or paste that contains dyes or pigments and is used to color a surface to produce an image or design or text. Ink is used for writing or drawing with a brush, pen, or quill. Thicker inks, in the form of paste, are used widely in lithographic and letterpress printing. Inks may contain additives such as lubricants, waxes, drying agents and surfactants to impart any desired special characteristics and to aid printing. Publication, packaging and commercial printing are the various printing applications which use printing inks.
The global printing ink market can be categorized on the basis of types of processes, products, applications and geography. On the basis of various printing processes, the global printing ink market can be segmented into gravure printing, lithographic printing, flexographic printing, digital printing and letterpress printing and others. Based on products, the global printing ink market can be segmented into oil and water based printing inks, solvent-based printing inks and others (including UV-cured Inks). On the basis of applications, the global printing inks market can be divided into packaging, commercial printing and publication, decorative printing and others.
In 2013, lithographic printing segment dominated the global printing ink market by holding a market share of more than 40%, in terms of volume. The digital printing sector is anticipated to be the fastest growing segment in the printing ink market in near future. UV-cured printing inks and water-based printing inks are also anticipated to be a rapidly growing product segment in the future, owing to the worldwide plea for environment-safe printing inks. Presently, solvent-based printing inks and oil-based printing inks also account for a considerable share of the printing ink market; however, expansion in water-based printing inks is expected to outshine the market share of the two segments in the forecast period. Packaging was the largest application segment of the printing ink market in 2013, owing to the rising demand for various forms of packaging in several end-user industries and flexible packaging.
By holding majority of the market share in terms of volume, North America dominates the Global printing ink market. Increasing demand for printing inks in commercial printing and flexible packaging is projected to drive the printing ink market in North America in near future. Asia-Pacific is anticipated to be the fastest growing area in the printing ink market in the next few years. Increasing demand for printing ink in developing countries in Asia-Pacific, such as China and India, is estimated to enhance the printing ink market in Asia-Pacific in the near future.
Flint Group, Sun Chemical Corporation, Siegwerk Druckfarben AG & Co. KGaA, SAKATA INX CORPORATION, TOYO INK SC HOLDINGS CO., LTD., ALTANA, Hubergroup, Wikoff Color Corporation, T&K TOKA COMPANY, ZELLER + GMELIN GMBH & CO. KG and Royal Dutch Printing Ink Factories Van Son are some of the major competitors in the global printing peintink market.
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