Articles
Printing Inks Market Insights, Leading Players, Growth Drivers and Future Scope
by Vijay K. Web MarketingPrinting inks refer to a paste or liquid that are used to color surfaces, like cardboards, books and magazines, newspapers, and ceramic tiles, to produce design, text, and images. These inks contain dyes or pigments that are mixed with water, oil, or solvents, which form paste or liquid. Moreover, with the growing environmental consciousness, the printing industry is increasingly adopting eco-friendly inks, such as UV-cured and water-based, as these products enhance the efficiency and decrease the harmful effects of toxic and inorganic materials used in conventional printing inks.
Owing to the multiple applications of printing inks and advantages of environment-friendly inks, their consumption has notably increased in end-use industries such as packaging, publication, printing, and food and beverages. In recent years, the usage of these inks has surged in the packaging industry, especially in India, the U.S., and China, due to their applications in flexible materials, tags and labels, and metal cans. These factors assist the printing inks market to grow by 4.7% during 2017–2023, and its value will increase from $17,537.4 million in 2016 to $23,881.9 million by 2023.
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Additionally, the rising penetration of bio-based products in the food and beverages, printing, and packaging industries, owing to the growing focus on damaging effects of volatile organic compound emissions from traditional printing inks, has generated high demand for bio-based printing inks, globally. Additionally, the surging consciousness regarding the use of flexible printing products in catalogs, periodicals, inserts, magazines, and directories will propel the usage of environment-friendly printing inks in the foreseeable future.
Across the globe, India and China are predicted to register huge demand for printing inks in the upcoming years. This is primarily attributed to the rising requirement of printing inks in various industries such as decorative printing, publication and commercial printing, and packaging industries in these countries. On the other hand, the usage of printing inks is expected to rise at a moderate rate in North America in the forthcoming years. In this region, the U.S. is expected to observe the highest sales of printing inks over the coming years.
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Hence, it can be said with certainty that the sales of printing inks will escalate considerably all over the world in the coming years, mainly on account of their increasing requirement in the packaging industry and the burgeoning demand for flexible printing materials in various applications.
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About Vijay K. 
Web Marketing
211 connections, 3 recommendations, 864 honor points.Joined APSense since, May 17th, 2016, From New York, United States.
Created on Jun 2nd 2021 04:43. Viewed 265 times.
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