The global printing inks market is expected to reach over US$ 25 Bn by 2025, expanding at a CAGR of 4.6% from 2017 to 2025.
Printing is widely used on many different surfaces ranging from aluminum cans and plastic bottles through to paper. The basic raw materials for ink production are pigments, binders, solvents and additives. Demand for printing inks is growing rapidly owing to increasing array of end-use application and industries.
On the basis of product type, global printing inks market is segmented into solvent-based printing inks, water-based printing inks, oil-based printing inks and other printing inks. In 2016, oil based printing inks dominated the global printing inks market followed by solvent based printing inks. However, water-based printing inks and bio based printing inks are expected to grow at a faster rate.
On the basis of application, the printing inks market is categorized into packaging, publication and commercial printing and other applications. In 2016, packaging segment accounted for the largest share of global printing inks market. It accounted for more than 35% revenue share in the global printing inks market. Printing inks is widely used in various sectors such as; automotive sector, sport, toys, promotional items, electronic, household appliances, plastic cups, pots, plastic bottles, plastic cartridges, plastic tubes, glass, labels, optical media, bottle caps, furniture industry, flexible packaging, wallpapers, cigarettes, bottle caps for wine and sparkling wine, aluminum covers, films. Rising demand from publication and commercial printing across the globe is expected to boost the demand for printing inks in upcoming years.
For the purpose of this study, the global printing inks market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In 2016, North America was observed as the largest market for printing inks followed by Asia Pacific and Europe. The overall growth of the Asia Pacific market will be above the global average during the forecast period. Asia Pacific is expected to achieve highest growth rate compared to other regions due to presence of countries such as China, India and Japan are observing significant growth in packaging and commercial printing industries.
Global printing inks market is highly consolidated. Major players includes DIC Corporation, Flint Group, Royal Dutch Printing Ink, Sakata Inx., Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical, T&K Toka, Toyo Ink S.C. Holdings, Wikoff Color etc.
Existing players are facing intense competition from the small/ regional players as the market is highly price sensitive. The manufactures are investing in research and development to develop high quality, differentiated and cost effective products to increase their market penetration especially in key consuming economies.
Traditional Oil Based and Solvent Base Printing Inks are Rapidly Replaced by Environment Friendly Printing Inks
Water Based Printing Inks is Expected to Register Highest CAGR
Flexography Printing Process Gains Prominence
Asia Pacific is likely to Drive the Printing Inks Market
Steady demand from the Packaging Industry
Key Topics Covered:
Chapter 1. Preface 1.1. Report Scope and Description 1.2. Research Methodology
Chapter 2. Executive Summary 2.1. Global Printing Inks Market Portraiture 2.1.1. Global Printing Inks Market, by Product Type, 2016 2.1.2. Global Printing Inks Market, by Process Type, 2016 2.1.3. Global Printing Inks Market, by Application, 2016 2.1.4. Global Printing Inks Market, by Geography, 2016
Chapter 3. Printing Inks Market: Market Dynamics and Future Outlook 3.1. Market Overview 3.2. Drivers 3.3. Challenges 3.4. Opportunities 3.5. Porter's Five Forces Analysis 3.6. Attractive Investment Proposition, by Geography 3.7. Competitive Landscape 3.7.1. Competitive Landscape, by Key Players, 2016
Chapter 4. Global Printing Inks Market, by Product Type, 2015 - 2025 (US$ Mn) 4.1. Overview 4.1.1. Market Share Analysis: Global Printing Inks Market, by Product Type, 2016 vs 2025 (% value) 4.1.2. Attractive Investment Proposition: Global Printing Inks Market, by Product Type 4.2. Solvent-Based Printing Inks 4.3. Water-Based Printing Inks 4.4. Oil-Based Printing Inks 4.5. Other Printing Inks
Chapter 5. Global Printing Inks Market, by Process Type, 2015 - 2025 (US$ Mn) 5.1. Overview 5.1.1. Market Share Analysis: Global Printing Inks Market, by Process Type, 2016 vs 2025 (% value) 5.1.2. Attractive Investment Proposition: Global Printing Inks Market, by Process Type 5.2. Lithographic Printing 5.3. Gravure Printing 5.4. Flexographic Printing 5.5. Digital Printing 5.6. Other Printing
Chapter 6. Global Printing Inks Market, by Application, 2015 - 2025 (US$ Mn) 6.1. Overview 6.1.1. Market Share Analysis: Global Printing Inks Market, by Application, 2016 vs 2025 (% value) 6.1.2. Attractive Investment Proposition: Global Printing Inks Market, by Application 6.2. Packaging 6.3. Publication and Commercial Printing 6.4. Others
Chapter 7. Global Printing Inks Market, by Geography, 2015 - 2025 (US$ Mn)