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Global Oil-Based Printing Inks Market Players - Strategies For 2022-2031
The global oil-based printing inks market report by the business research company identifies increasing demand for environmentally friendly inks is expected to drive the oil-based printing inks market in the forecast period to be a major growth driver for the oil-based printing inks market. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks have been banned due to an explosion and fire that occurred in March 2019 in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks which can be used as a substitute for petroleum and chemical-based inks and it is produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, Mojoprint, which is Japan's number one English-language printing service company uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks.The demand for environmentally friendly inks is increasing and it is expected to drive the oil-based printing inks market in the forecast period. The supply and use of several important chemicals, including ingredients used in paints, coatings, and printing inks have been banned due to an explosion and fire that occurred in March 2019 in Jiangsu Province, China. The incident has increased the demand for oil-based printing inks which can be used as a substitute for petroleum and chemical-based inks and it is produced from vegetable oils such as soybean, sunflower, cottonseed, safflower, and canola oils. For instance, Mojoprint, which is Japan's number one English-language printing service company uses vegetable oil-based printing inks derived from soy, palm, and other vegetable oils because these inks are an environmentally friendly and sustainable alternative to petroleum-based inks.
The global oil-based printing inks market size is expected to grow from $10.88 billion in 2021 to $11.35 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The global oil-based printing inks market size is expected to grow to $12.95 billion in 2026 at a CAGR of 3.3%.
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Western Europe was the largest region in the oil-based printing inks market in 2021. Asia Pacific was the second-largest region in the global oil-based printing inks market. The regions covered in the global oil-based printing inks report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major players in the oil-based printing inks market are Nazdar Ink Technologies, Van Son Holland Ink Corp., Superior Printing Inks, Flint Group, Hubergroup, Sun Chemical, Wikoff Color Corp., and Siegwerk Druckfarben AG & Co.
The global oil based printing inks market is segmented -
1) By Type: Vegetable Oil-Based Printing Inks, Mineral Oil-Based Printing Inks
2) By Application: Marking and Coding, Package Printing, Signage
3) By End User Industry: Packaging, Print Media, Commercial Printing, Other End-Use Industries
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The Oil-Based Printing Inks Market Report Contents Include
1. Executive Summary
2. Oil-Based Printing Inks Market Characteristics
3. Oil-Based Printing Inks Market Trends And Strategies
4. Impact Of COVID-19 On Oil-Based Printing Inks Market
5. Oil-Based Printing Inks Market Size And Growth
....
26. Africa Oil-Based Printing Inks Market
27. Oil-Based Printing Inks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Oil-Based Printing Inks Market
29. Oil-Based Printing Inks Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the oil-based printing inks market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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