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.
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.
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Market Analysis and Insights
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.
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.
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Printing Inks / Packaging Inks Market Scope
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.
Printing Inks / Packaging Inks Market Country Level Analysis
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.
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.
Competitive Landscape and 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 players covered in the Printing Inks / Packaging Inks market report 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.
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