Printing Inks Market to Grow Swiftly Owing to Rising Demand From International Shipping and Developing E-commerce Sector Till 2025 | Million Insights
22 Mar 2019
MELTON, California, Global Printing Inks Market is expected to reach USD 25.83 billion by 2025. Printing ink is an ink consisting of dyes or pigments of the required color mixed with varnish or oil. It is used in thin films on various substrates like molded plastic articles, textiles and glass, paper, plastic films, paperboard, and metallic foil and sheets. It is designed to have communicative, decorative, or protective functions. However, in many cases, a combination of these functions are used. As per the end use property it has resistive property, visual characteristics, bond to the given substrate, good printability, and drying under stated conditions. The printing inks industry is estimated to grow at a significant CAGR over the future period as the scope and its applications are rising enormously across the globe.
Growing government initiative for development of bio-friendly inks, and high demand from packaging industry as it is water resistant and resistant to fade when subjected to UV light are documented as major factors of the market that are estimated to enhance the growth in the years to come. However, presence of toxic compounds that may harm environment is a factor that may restrain overall market growth in the coming years. The market is segmented based on product types, resin type, applications, and region. Digital, gravure, lithographic, flexographic, and other products type could be explored in printing inks market in the forecast period. The lithographic segment accounted for the largest market share of the market and is estimated to lead the overall market in the coming years. This may be because of its high quality for practical and smooth surfaces at omparatively low costs. Also, gravure sector is estimated to grow at fastest pace in the coming years. It is a high-speed process and is costly. There are resin type that include polyurethane, modified rosin, acrylics, modified cellulose, hydrocarbon, polyamide, and others could be explored in printing inks industry in the future period. Polyurethane segment is estimated to lead the market with largest market share in the upcoming years, as the composition of resins is suitable for the type of ink to produce. Polyurethanes and polyamides together used for producing solvent based flexographic products and gravure products. However, lithographic solvents are produced using modified rosins and hydrocarbons.
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