The global Dye Printer Ink Market is expected to register a steady revenue CAGR during the forecast period. With the exception of black ink, which is formed from carbon blacks and thick linseed oil, printing inks are made by combining a pigment or pigments of the appropriate hue with oil or varnish. The market is anticipated to grow in the near future as a result of key factors including rising demand from the packaging and labelling industry and rising demand from the digital printing industry. For the foreseeable future, high demand for these solutions is anticipated due to the superior ability of components like pigments, binders, solubilizers, and additives to produce text, design, or images, as well as growing demand from the packaging industry, commercial printing, and shifting consumer preferences.
Top Companies profiled in the global market report include: Flint Group (Luxembourg), Sun Chemical Corporation (U.S.), Altana AG (Germany), Siegwerk Druckfarben AG Co. KGaA (Germany), Sakata INX Corporation (Japan), Wikoff Color Corporation (U.S.), TK TOKA Corporation (Japan), Toyo Ink Group (Japan), Xiamen Zhonghong (China), Shenzhen Baiduxi (China)
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Market Overview: Printing inks were primarily utilised to create publications for journals, periodicals, newspapers, and other types of literature. However, the application range of printing inks has changed from commercial printing publication to the packaging industry as a result of fast urbanisation and the expanding digitalized needs of customers. As one of the most effective ways to market and advertise items, printing inks are used in the packaging sector to print on packing materials to make them appealing to consumers. Greater customization choices are available with flexible packaging. The food and beverage industry is the main driver of flexible packaging demand, and the category of snacks and confectionery has experienced significant development as well. One of the major aspects boosting the expansion of the flexible packaging business is the rising need for food as a result of the expanding world population. The rapidly expanding flexible packaging business is expected to present enormous potential prospects for the global printing inks market.
Label production and electrophotography are two areas where digital printing is rapidly expanding. The packaging industry is expected to undergo a significant revolution over the next decade due to their increase in use. It has become very popular among various brand owners due to its quick turnaround capability. Digital printing is widely used for printing large formats on a variety of substrates due to the benefits of the inkjet process, such as its non-contact and low cost. It can be more easily integrated into existing conversion lines than toner systems. The flexible packaging industry is a major driver of flexographic type. The COVID-19 pandemic has increased demand for hygienic safe packaging, resulting in its rise. As a result, such rise in demand is expected to drive revenue growth of the market over the forecast period.
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Global printing inks market based on Type, Application and Region:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Dye Type
- Pigment Type
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Commercial Printing
- Government Agency
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030):
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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