APAC Printing Inks Market With Strategic Trends, Growth, Demand & Future Potential For Manufacturers Including DIC Corporation, Toyo Ink America, LLC., Sakata Inx Corp, Yip's Chemical Holdings Limited, T&K, hubergroup, Siegwerk, DAIHAN INK & SICPA

The APAC printing inks market is projected to reach $7,000.2 million by 2023, the market growth is driven by the growing consumption of packaged food items and rising demand of bio-based products.

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On the basis of product, the APAC printing inks market is segmented into lithographic inks, flexographic inks, gravure inks, digital inks, letterpress inks, and others; ‘others’ include metallic inks, fluorescent inks, and magnetic inks. Of all products, flexographic inks are expected to exhibit the fastest growth in the market, witnessing a CAGR of 5.7% during the forecast period.

Based on formulation, the APAC printing inks market is categorised into oil-based, solvent-based, water-based, and others. Oil-based was the largest formulation category in the market, contributing more than 40.0% revenue in 2017. This can be attributed to its properties such as the ability to print well and better on most of the things including coated or gloss stocks, as compared to other inks.

Over the past few years, countries such as China, India, and Indonesia have emerged as some of the major markets for printing inks. The rapid industrialization and commercialization in these countries have resulted in sharp increase in the consumption of these inks for office purposes.

China has been generating the highest revenue in the APAC printing inks market. Increasing demand of packaging and paper media is fueling the demand of these inks in the country. Along with that, growing urbanization coupled with increasing literacy rate is also contributing towards the increasing demand of these inks in China.

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Some of the major players operating in the APAC printing inks market are DIC Corporation, Toyo Ink SC Holdings Co. Ltd., Sakata INX Corporation, T&K Toka Co. Ltd., Tokyo Printing Ink Mfg. Co. Ltd., Hubergroup India Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, Daihan Ink. Co. Ltd., Yip’s Chemical Holdings Limited, SICPA, Dainichiseika Color & Chemicals Mfg. Co. Ltd.

APAC Printing Inks Market Segmentation

By Product

• Lithographic Inks
o Sheetfed offset inks
o Heatset web offset inks
o Coldset web offset inks
• Flexographic Inks
• Gravure Inks
• Digital Inks
o Electrography
o Inkjet
• Letterpress Inks
• Others

By Formulation

• Oil-Based
• Solvent-Based
• Water-Based
• Others

By Application

• Labels and Packaging
• Commercial Printing
• Publication
o Newspaper
o Books and magazines
o Others
• Others

By Country

• China
o By product
o By formulation
o By application
• Japan
o By product
o By formulation
o By application
• India
o By product
o By formulation
o By application
• Australia
o By product
o By formulation
o By application
• Rest of APAC
o By product
o By formulation
o By application

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This release was published on openPR.