Printing inks, mostly present in a liquid state or paste, are widely used to color surfaces such as books and magazines, cardboard, printed circuit boards and ceramic tiles to produce an image, text or design. These inks contain pigments or dyes that are mixed with water, oil or solvents that forms the liquid or paste. The demand for printing inks is increasing day by day due to the swift growth of the packaging industry. The surging need for flexible packaging from the consumer goods industry and the introduction of numerous advances in technology in packaging are expected to propel the rise of eth printing inks market over the globe.
Recently, researchers from Iowa State University put forward a proposal to patent graphene-based printing technology that can produce low-cost, conductive, and flexible circuits. In this case, the ink is flakes of graphene—the wonder material can be a great conductor of electricity and heat, plus it’s strong, stable, and biocompatible. These can also be used to make water repellent circuits as the graphene-based nanoparticles can hold droplets of water. Such exemplary instances in innovations in the field of printing inks is bound to push the market demand further.
What are the factors propelling the global printing inks market?
The packaging sector is has been witnessing a gargantuan rise over the past years and the trend is expected to continue in the forthcoming years. The demand generated from this market is one of the foremost vital factor promoting the rise of the global printing inks market. The business of packaging is playing a critical role in a number of industries ranging from manufacturing, electronics, food and beverage to consumer goods. It witnesses and unprecedented demand from each of these segments, on account of high demand for quality packaging. The need for consistent and highest quality of packaging material has paved the way for a decent demand for printing ink of varied variety. With the popularity of paperboard packaging, the industry of printing inks has benefitted enormously.
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However, the global printing inks market is slated to witness some constrains to growth on account of the declining publishing industry. Digital printing has gained fame over the past years, on account of its convenience and portability. The reduced demand for printing inks from the publishing segment could thus pose hindrance to the market opportunity. The rising number of digital subscriptions to newspapers instead of the conventional printed paper is likely to add to the market restraint. However, the enhanced demand from different businesses is anticipated to make up for the shortcomings of this segment.
Which geographical region is expected to make a mark in the market?
Geographically, the global printing inks market may be segmented into Europe, North America, Asia Pacific and the Rest of the World. In the year 2013, the North American market led the regional segmentation by volume. The region was evaluated to carry a 30% market share by volume on account of the boom in commercial printing and flexible packaging industry.
In the forthcoming years, the region of Asia Pacific is anticipated to make gigantic strides in the global market for printing inks. The rise of this region is foretold to be on account of the swift economic and industrial progressions in China and India. Additionally, the European market is expected to demonstrate a healthy rate of growth over the years to come.
Some prominent players operating in the global printing inks market for are Wikoff Color Corporation, Sun Chemical Corporation, Royal Dutch Printing Ink Factories Van Son, Sakata INX Corporation and T&K TOKA Corporation.