Printing Inks Market, Covid-19, Outbreak, Synopsis, Regional Analysis, Segmentation, Key Players and Forecast to 2023

Market Scenario:

The lithography printing inks process segment is anticipated to observe a higher CAGR during the forecast period. The enhanced and superior qualities of these printing inks such as image quality and low cost among others find its application in wide range of materials. Moreover, the growing demand for food & beverage and the automotive industry is also significantly adding to the growth of the segment.

The global printing inks market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as food and beverage, personal care, home care, and automotive among others, which, in turn, is anticipated to fuel the demand for printing inks in the region. Moreover, the growing processed food demand mainly in Japan, India, and China owing to the growing working population and changing lifestyle is also expected to contribute to the market.

Market Segmentation:

 Global Printing Inks Market is segmented into process, resin type, and application. On the basis of the process, the market is segregated into gravure, flexographic, lithographic, digital, and others. The market by resin type is bifurcated into modified rosin, hydrocarbon, modified cellulose, acrylics, polyamide, polyurethane, and others. The market by application is further bifurcated into packaging and labels, corrugated cardboards, publication & commercial printing, and others.

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Competitive Analysis:

Some of the prominent players operating in the global printing inks market are Flint Group (Luxembourg), DIC Corporation (Japan), Siegwerk Druckfarben AG & Co. KGaA (Germany), Sakata Inx Corporation (Japan), Toyo Ink S.C. Holdings (Japan), T&K Toka (Japan), Wikoff Color Corporation (U.S.), Sun Chemicals (U.S.), Royal Dutch Printing Ink Factories Van Son (Netherland), and Zeller+Gmelin GmbH & Co. KG (Germany) among others.

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