Packaging Printing Inks Market Key Point Analysis On PPG Industries, Inc., AkzoNobel NV, Flint Group, Valspar Corporation, Sun Chemical Corporation, Siegwerk Druckfarben AG & Co., ALTANA, Sakata, and Toyo Ink.

According to a study published by Polaris Market Research, global packaging printing ink market is expected to grow from USD 8.1 billion in 2017 to USD 13.45 billion by 2026, at a CAGR of 5.8% during the forecast period.

Packaging ink is one of the largest application segments for the printing inks. Packaging printing inks are applied on different substrates via different printing processes depending on the requirement. Some of these major substrates include plastics, metal, and paper.

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The global packaging printing is mainly driven by the rapid growth of the packaging industry. Packaging industry growth is an outcome of number of trends depending on different geographical regions. Investments in construction & housing, growing urbanization, flourishing cosmetics & healthcare sectors, and the development of retail chains are some of the crucial drivers for the global packaging industry.

Increase in the personal income and the living standards of consumers in the developing as well as in some emerging nations have fuelled consumption across a wide array of consumer products that require packaging. Different trends in the packaging industry such as the Internet of Things (IOT), 3D printing, and consumer parcel shipping business concerning the dimensional weight pricing have also played vital role in the growth of packaging materials and packaging printing inks.

The global packaging printing ink industry has also witnessed growth prospects on account of continuous technological developments. High color strength water-based flexo, 100% VOC free EB flexo, improved UV blocking packaging inks, and nanographic printing technology are among some of the recent developments in the field.

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Packaging industry is very dynamic, influencing directly or indirectly all other industries and significantly underpins the packaging printing inks industry. The packaging printing ink processes differ with different regions of the world. For instance, flexographic is the leading packaging printing ink process in North America whereas gravure is the dominant process in the Asia Pacific region.

Packaging printing ink industry is subjected to regulatory framework and policies as some of the ink formulations are known to have harmful impact. Food and pharmaceutical packaging are the most affected end-use segments if the ink formulation contains volatile organic compound or is a solvent-based ink. International agencies such as EPA, REACH, and Food and Agricultural Organization (FAO) have initiated and implemented different policies for the use of water-based or safe packaging printing inks.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Packaging Printing Ink Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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Competitive Landscape and Key Vendors

Asia Pacific and North America are the popular regional markets for the packaging printing inks industry. China, Japan, India, and Southeast Asian countries have mainly driven the demand in Asia Pacific with steadily growing trends concerning packaging inks in the food & beverage industry.

The global packaging printing inks market comprises of large multinational and domestic companies. The industry is fragmented and highly competitive in tandem with the high degree of integration across the manufacturing and distribution stage. Some of the key packaging printing ink market players include PPG Industries, Inc., AkzoNobel NV, Flint Group, Valspar Corporation, Sun Chemical Corporation, Siegwerk Druckfarben AG & Co., ALTANA, Sakata, and Toyo Ink.

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