Global Printing Inks Market to Grow at 5.5% CAGR through 2025 and Reach US$ 28 Bn in Revenues

A new detailed study titled “Global Market Study on Printing Inks: Label & Packaging to Remain Dominant Application Segment Through 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global printing inks market is likely to reach a valuation of nearly US$ 28 Bn by the end of the forecast period. The market is estimated to grow at 5.5% during the assessment period.

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According to the report, demand for printing inks will continue to be driven by their use in traditional applications such as printing of magazines, books, and newspapers. In addition to these traditional uses, demand is also likely to increase on account of growing applications in the e-commerce sector. Printing inks are used on a large scale in the packaging of e-commerce products and services, and growth of the e-commerce sector is likely to provide an impetus to growth.

Although the outlook on the global printing inks market remains positive, growing preference towards digital modes of communication has led to a decline in demand. Over the years, many newspapers and magazines have completely shifted to digital platforms, which has led to waning demand. The shift towards digital medium is likely to get stronger in the future, which will provide an impetus to growth during the assessment period.

The report segments the global printing inks market on the basis of application, product type, formulation type and region. The application segment is further sub-segmented into publications, commercial printing, label & packaging and others. The product type segment categorizes the global market by letterpress, digital, gravure, flexographic, lithographic and others. The formulation type segment divides the global market by oil-based, water-based, solvent-based and others. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

Asia Pacific is one of the most lucrative markets for printing inks globally. The high demand for printing inks in China and India is likely to provide an impetus to the growth of the market during the assessment period. In addition to Asia Pacific, Europe and North America are likely to remain the other key markets for printing inks globally.The report profiles some of the leading players operating in the market. Some of these players are Dainichiseika Color & Chemicals Mfg. Co. Ltd., Wikoff Color Corporation, Royal Dutch Printing Ink Factories Van Son, TOKYO PRINTING INK MFG Co Ltd, T&K TOKA CO., LTD., ALTANA AG, Huber Group, Sakata INX, Siegwerk Druckfarben AG & Co. KGaA, Toyo Ink SC Holdings Co., Ltd, DIC Corporation and Flint Group.

Browse Full Global Printing Inks Market Report with TOC : https://www.mrrse.com/printing-inks-market-report

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This release was published on openPR.