Global UV Cured Printing Inks Market: Projected to Reach US$ 1786.30 Mn at a 4.30% CAGR by 2029

12.09.2023: UV Cured Printing Inks Market Report Scope and Research Methodology

UV curing, a photochemical technique utilizing high-intensity UV light to rapidly cure or dry inks, coatings, and adhesives, is at the core of the global UV Cured Printing Inks market. Unlike traditional methods that rely on heat, UV curing relies on a photochemical reaction, utilizing light. The UV-cured inks consist of four key components: monomers, oligomers, pigments, and photoinitiators.

UV cured inks offer several advantages over traditional drying methods, including increased production speed, reduced rejection rates, enhanced color accuracy, superior bonding, improved scratch and solvent resistance, exceptional print quality, high adhesion, scratch resistance, lightfastness, heightened color density, and a safer pressroom environment.

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What are UV Cured Printing Inks Market Dynamics?

The UV cured printing inks market is expected to experience growth during the forecast period, primarily driven by the increasing demand for packaging across various applications, from food to pharmaceuticals. Factors contributing to the market's growth include constant technological advancements, a rising appetite for innovative packaging inks, a trend towards eco-friendly printing inks, and substantial R&D investments by major industry players to introduce creative and environmentally friendly printing ink technologies. The UV curing ink remains popular across industry sectors due to its versatility.
The packaging sector, in particular, is in a state of continuous development to meet evolving consumer demands. Rising disposable incomes and a growing middle-class population are fueling the demand for packaging across industries, including food and beverage, consumer goods, and industrial products. Developing economies like China and India are witnessing increased demand for packaged food and pharmaceutical products, further propelling market growth.

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What is UV Cured Printing Inks Market Segmentation?

Application: In 2022, the packaging segment led the market, driven by the availability of various finishes for surface protection, gloss finishes, and various other processes. UV-cured inks have gained popularity due to their ability to fully dry during the printing process, expediting product movement to the next manufacturing stage. These inks result in a superior overall dot and print effect, delivering a high-quality finish. Previously, the packaging industry, particularly in food packaging, rejected UV-cured inks due to concerns about the transfer of ink components into food products. However, ongoing advancements in UV-cured inks have transformed this landscape.

For instance, Siegwerk, a leading provider of printing inks for packaging, labels, and catalogs, introduced LED UV printing inks for food and pharmaceutical packaging, marking a significant breakthrough.

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Who are UV Cured Printing Inks Market Key Players?

Sun Chemical (DIC Corporation)
2. INX International Ink Co.
3. Siegwerk Druckfarben AG & Co. KGaA
4. Flint Group
5. TOYO INK SC HOLDINGS CO. LTD
6. APV Engineered Coatings
7. Avery Dennison Corporation
8. FUJIFILM Corporation
9. Gans Ink & Supply
10. ALTANA
11. HP Development Company LP
12. Marabu GmbH & Co. KG
13. TOKYO PRINTING INK MFG CO. LTD.
15. T & K TOKA Corporation
16. Other Key Players
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Table of content for the UV Cured Printing Inks Market includes:

Part 01: Executive Summary

Part 02: Scope of the UV Cured Printing Inks Market Report

Part 03: Global UV Cured Printing Inks Market Landscape

Part 04: Global UV Cured Printing Inks Market Sizing

Part 05: Global UV Cured Printing Inks Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

Europe: Europe holds the largest market share, with countries like Germany and Italy being significant consumers. Europe is a global leader in the plastics packaging sector. Increased awareness of healthy eating habits following the COVID-19 pandemic has driven substantial growth in frozen food sales in the UK, as reported by the British Frozen Food Federation. This has further propelled the demand for packaging in the region.

United States: The United States, boasting the world's largest and most influential economy, has witnessed significant growth in packaging demand driven by the digital printing market and the flexible packaging sector. Changing consumer behavior and a focus on convenience have accelerated the growth of the flexible packaging industry, benefiting the UV-cured printing ink market.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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