Industry Press Releases

Growth of the Global Packaging Market Has Significantly Propelled the Demand for Printing Inks, Says Technavio

Friday, Apr 22, 2016
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According to the latest research study released by Technavio, the global printing inks market is expected to reach USD 1.06 trillion by 2020.

This research report titled ‘Global Printing Inks Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including lithographic inks, flexographic inks, digital inks, and gravure inks.

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“The global packaging market is expected to grow at a CAGR of 4.41% to reach USD 1.06 trillion by 2020 from USD 861.5 billion in 2015. The growth of the global packaging industry since 2005 had a significant impact on the development and expansion of the global printing inks market, especially liquid waterborne printing inks,” said Chandrakumar Badala Jaganatha, one of Technavio’s lead analysts for chemicals and materials research.

“During the forecast period, the demand for vegetable oil-based and biodegradable inks is expected to grow significantly. Vegetable oil-based and biodegradable inks reduce the use of mineral oils, conserve non-renewable reserves, and minimize VOC emissions. The primary advantage of eco-friendly inks is the improved recyclability of paper, as it enables efficient separation of ink from paper,” added Chandrakumar.

Global printing inks market by printing process 2015
- Lithographic inks                 41.80%
- Flexographic inks                26.22%
- Digital inks                         16.35%
- Gravure inks                       10.70%

Source: Technavio research

Lithographic inks: largest segment of the global printing inks market

The lithographic inks segment reported a revenue of USD 7.03 billion in 2015. Lithographic printing is widely used by commercial printers. It offers advantages such as longer plate life, image quality, lower costs, lower ink consumption, and printing flexibility.

The market for web offset inks will dominate the market share during the forecast period. The market for sheetfed offset inks is expected to grow rapidly due to the increased use in short-run publications such as commercial printing and special event promotions.

Flexographic inks: second largest segment of the global printing inks market

Flexographic inks are primarily used for printing on corrugated board cartons, flexible packaging, bags and sacks, labels, shrink sleeves, flexible sleeves, mold, wrap around, folding cartons, newspapers, envelopes, sanitary ware and kitchenware, and other products.

The benefits of flexographic printing such as shorter runs, lower costs, and quicker set-up times over other printing processes, influence this segment's growth. Further, the use of UV inks, which enable rapid curing, provides immense growth opportunities for the flexographic inks segment. As packaging is considered a unique selling point for many brands, manufacturers are likely to scale up investments in packaging that appeals to consumers. This trend will continue to buoy market growth until 2020.

Global market for digital inks

The digital inks segment recorded a revenue of USD 2.75 billion in 2015. The global cloud IDS/IPS market was valued at USD 410.4 million in 2015. The sophistication of cyber threats and hacking attempts is a major factor that drives the growth of the global cloud IDS/IPS market. An exorbitant increase in the number of intrusion attacks on enterprise networks and applications located in remote cloud servers has motivated enterprises and CSPs to increase their spending on cloud security. Instances of internal frauds, and high dependence on cloud computing have further fueled the demand for cloud IDS/IPS among enterprises.

Browse related reports:

    Global Electrophotographic Printing Market 2015-2019
    Global Commercial Printing Market 2015-2019
    Electrophotographic Printing Market in Japan 2015-2019
    Global Liquid Waterborne Printing Inks Market 2015-2019

Purchase any three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

 

Source : businesswire.com

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