The global printing inks market is estimated to be valued at nearly US$ 18,000 Mn in the year 2017 and is projected to be valued at about US$ 27,500 Mn at the end of the year 2025, registering a CAGR of 5.5% during the period of assessment. In terms of volume, the global printing inks market is estimated to be pegged at nearly 5,150 KT in the year 2017 and is projected to touch a figure of nearly 7,500 KT at the end of the year 2025, registering a CAGR of 4.7% during the forecast period. China dominates the global printing inks market in terms of consumption of printing inks. In the year 2016, the country dominated the overall consumption in the APAC region with a considerable market share of 35.8%.
Increasing demand for paper media and packaging in the APAC region
Due to the rapid economic growth in Asia Pacific and the corresponding growth in population, the demand for packaging inks is expected to soar in the region. There is a huge demand for inks for paper media and packaging in the region, especially in rapidly developing economies such as India, China and Vietnam, and these countries are particularly strong growth areas for printing in the Asia Pacific region. In addition, it is forecasted that the publishing printing sector will be partially driven by improving economic conditions, a growing rate of urbanization and rise in the education levels across the region. Consequently, there is sharp increase in the demand for publishing print products such as books, newspapers and magazines. Moreover, owing to a growing middle class in the region, the market demand for educational, professional, business and technical printed materials has risen in the region.
The boom in online shopping and growth of the packaged food industry in the APAC region bodes well for the printing inks market
Printing inks are used in the packaging of e-commerce products and a growth in the e-commerce industry will subsequently lead to a growth in demand for printing inks. In the Asia Pacific region, e-commerce is a largely preferred retail format especially among the young shoppers who are inclined towards online shopping through their smartphones. E-commerce and m-commerce have witnessed a rapid proliferation across the Asia Pacific and this has augmented the need for e-commerce packaging. Vendors operating in the Asia Pacific regional market are aligning their businesses with the current market expectations and are bringing in greater innovation and enhanced quality in the packaging of their products to meet customer expectations. A growth in the e-commerce packaging industry across the Asia Pacific is expected to significantly boost revenue growth of the printing inks market in the region.
Global printing inks market forecast by application
Among the various application segments in the printing inks market, the label and packaging segment is estimated to be valued at nearly US$ 8,300 Mn in the year 2017 and is forecasted to be valued at about US$ 12,700 Mn in the year 2025, exhibiting a CAGR of 5.3% during the period of assessment. In terms of volume, the label and packaging segment is estimated to be pegged at 2,352 KT in the year 2017 and is forecasted to reach 3,420 KT in the year 2025, exhibiting a CAGR of 4.6% during the period of assessment.
Persistence Market Research has included a new report in its repository titled ‘Printing Inks Market: Global Industry Analysis (2012–2016) and Forecast (2017–2025)’. This report tracks the global printing inks market and presents the forecast for this market for a period of eight years, with the forecast period beginning from the year 2017 and ending at the year 2025. Printing inks utilized in printing applications consist of pigments of the required color and are mixed with oil and varnishes. A variety of pigments are used in order to formulate new color combinations and such type of inks are used in different applications.
In order to have an ease of understanding of the market for printing inks, the report has been divided into four distinct parts. The first section of the report comprises the introduction section with the executive summary of the report along with the market taxonomy and the definition of the product and the market viewpoint. The global printing inks market value chain analysis and market snapshot for the year 2017 are also mentioned in the introduction. The second part of the report features the global printing inks market analysis and forecast by region, by formulation, by product type and by application. This section of the report contains important market numbers such as market attractiveness index, incremental dollar opportunity and basis point share analysis. The third part of the report comprises the regional printing inks market analysis and forecast and the regions are chosen as per the market taxonomy. In the regional section, the drivers, restraints and trends applying to the printing inks market are discussed in detail along with the regional market numbers.
The last part of the report includes the competition landscape of the global printing inks market and has information on the key players operating in this market. The competition landscape contains detailed information on the top companies operating in the global printing inks market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with a SWOT analysis. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global printing inks market in detail and also reveals how they implement their strategies and vision to stay at the top in this highly competitive market.
In order to infer the market size of printing inks globally, historical data, primary responses and public domain data has been thoroughly analyzed. Revenue of companies in the printing inks market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the study period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated with the help of the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global printing inks market.