LONDON--(BUSINESS WIRE)--The global printing inks market is expected to post a CAGR of nearly 5% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Water-borne printing inks are less toxic and non-flammable due to low VOC levels and hazardous air pollutants. They provide excellent adhesion and exhibit good resistance to heat and abrasion. Waterborne printing inks do not require additional additives, thinners or hardeners, and are cost-effective when compared to solvent-borne coatings. Owing to many such advantages, end-users prefer water-borne printing inks over solvent-borne inks. This is compelling vendors to increase the use of powder and waterborne chemicals to cater to the growing demand. The increasing demand for waterborne printing inks is one of the critical factors that will drive the growth of the global printing inks market.
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As per Technavio, the rising demand for bio-based printing inks will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Global Printing Inks Market: Rising Demand for Bio-Based Printing Inks
End-users across industries such as packaging, publishing, and printing paper are exhibiting strong demand for eco-friendly printing inks. This is encouraging major market vendors to use bio-based raw materials to manufacture eco-friendly printing inks. Vendors are using raw materials such as soy, palm, and other vegetable oils to provide a sustainable alternative to conventional petroleum-based inks. The use of such raw materials ensures the production of eco-friendly products that are biodegradable and have reduced VOC emissions.
“Apart from the rising demand for bio-based printing inks, new product development and the increasing demand for UV-curable printing inks are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Printing Inks Market: Segmentation Analysis
This market report segments the global printing inks market by type (lithographic inks, gravure inks, flexographic inks, digital inks, and others), end-users (packaging, publishing and commercial printing, and others), and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2019, followed by North America, Europe, MEA, and South America, respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market, due to the proliferation of e-commerce companies in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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