DUBLIN--(BUSINESS WIRE )--The "Printing Inks Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Chemical Component, By Type, By Application, By Market Segment, and By Region" report has been added to ResearchAndMarkets.com's offering.
The global printing inks market is projected to register growth at a formidable CAGR during the forecast period, 2023-2027.
The market growth can be attributed to the high demand for printing inks from several end-user industries, including commercial printing & publishing, flexible packaging, and printing labels.
Besides, rapid urbanization in developing economies and ongoing advancements in printing ink technology are supporting market growth. Printing inks products are anticipated to remain in high demand in the coming years, owing to their greater ability to produce text, design, or images. Consumers prefer to relocate to urban areas for improved living conditions and employment prospects. The rising disposable income boosts modern consumption habits, especially consumer desire for packaged goods. Thus, increased demand for printing inks from the packaging industry and other commercial applications are expected to boost the market growth.
Additionally, the demand for packaged goods is growing faster due to the shift in consumer choice toward nuclear families. One example is the increased consumption of food served in small portions. Customers are adopting online sales channel to order goods for everyday necessities because it provides greater comfort and convenience, and the demand for high-quality packaging is increasing as the online sales channel gains in popularity. Major firms are utilizing printed packaging in sophisticated methods to advertise their brands among consumers and attract as many customers as possible, which is anticipated to increase the demand for printing inks.
Players in the printing ink market are making investments in R&D to improve the infrastructure already in place and are finding creative ways to create inexpensive, non-toxic raw materials like modified celluloid, graphene, and carbon for printing inks.
Additionally, the global printing inks market is anticipated to benefit from the rising popularity of digital printing and ink-jet printers during the forecast period. The use of digital printing in electrophotography and label manufacturing is also growing rapidly. Digital printing has become quite popular among different brand owners due to its short turnaround time.
Applications for folding cartons, flexible packaging, and corrugated packaging are anticipated to rise due to developments in digital printing such as creasing, digital carton cutting, and other completion processes. This is expected to boost the growth of the global printing inks market in the coming years.
The global printing inks market is segmented on the basis of chemical component, type, application, market segment, regional distribution, and competitive landscape. Based on market segment, the market is divided into offset/commercial, digital, packaging, publication, screen graphics, screen industrial, and others. The packaging segment is expected to register the highest growth in the global printing inks market, owing to the rapid expansion of digital printing into label production and electrophotography.
Years considered for this report:
In this report, global printing inks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Printing Inks Market, By Chemical Component:
Printing Inks Market, By Type:
Printing Inks Market, By Application:
Printing Inks Market, By Market Segment:
Printing Inks Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/irqxj1.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T. Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900