UV Cured Printing Inks Market Forecast: Advancements in Sustainable Printing Technologies
UV curing involves a photochemical technique utilizing high-intensity UV light to rapidly cure inks, coatings, and adhesives. These inks consist of monomers, oligomers, pigments, and photoinitiators. UV-cured inks offer multiple advantages such as increased production speed, higher color accuracy, enhanced scratch resistance, and a safer pressroom environment.
UV Cured Printing Inks Market Growth Estimated:
The global UV Cured Printing Inks Market is projected to reach US$ 1786.30 million, growing at a CAGR of 4.30% by 2029. This market analysis offers a comprehensive overview of the industry, market dynamics, and key players, providing insights into demand and supply-side aspects across various segments.
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Extent of the Market Report and Research Approach UV Cured Printing Inks Market
The sizing of specific segments within the UV Cured Printing Inks market was determined utilizing diverse secondary sources including industry associations, white papers, and journals. Primary methods incorporated surveys, questionnaires, and telephonic interviews with esteemed professionals, industry specialists, market leaders, entrepreneurs, and marketing experts. Employing PESTLE analysis facilitated comprehension of the potential impact of micro and macro-economic factors on the UV Cured Printing Inks Market.
Thorough scrutiny of industry rivalry, comprising market leaders, followers, and emerging entrants, was conducted. Extensive primary research validated and confirmed crucial statistics attained post-comprehensive UV Cured Printing Inks market engineering and calculations, encompassing market statistics, size estimations, forecasts, breakdowns, and data triangulation. Secondary data was gathered from annual reports, articles, paid and free databases, etc. The bottom-up approach was utilized to estimate regional and UV Cured Printing Inks market sizes.
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UV Cured Printing Inks Market Divisibility
by Curing Process
by Printing Process
Commercial and Publication
According to application, the packaging sector dominated the market in 2022 because of the wide variety of finishes that are available and may be applied to gloss finishes, surface protection, and numerous other procedures. They are now a preferred option for manufacturers since they can completely dry during the printing process, enabling the product to proceed quickly to the next phase of production. A higher overall dot and print effect are produced by using UV-cured inks, which results in a high finish. The packaging business, especially in the food packaging sector, used to reject UV-cured printing inks because they included pigments, binders, additives, and photoinitiators that may seep into food products.
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Localised Perspectives on the UV Cured Printing Inks Industry
Dominant Market Share: Europe leads the market, particularly countries like Germany and Italy, owing to substantial consumption and leadership in the plastics packaging sector.
Shift in Consumer Behavior: An increase in frozen food sales due to post-COVID-19 health consciousness has positively impacted the market.
Economic Impact: The US economy faced a slowdown recently due to the COVID-19 pandemic, yet there's significant demand in packaging driven by the digital printing and flexible packaging sectors.
Consumer Behavior Trends: Shifting consumer behavior towards convenience and increased demand for flexible packaging has fueled the growth of the UV-cured printing ink market.
The UV Cured Printing Inks Market's Principal Players
1. 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
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
Section Heading: UV Cured Printing Inks Industry
Part 01: Executive Summary
Part 02: Scope of the UV Cured Printing Inks Market Report
Part 03: UV Cured Printing Inks Market Landscape
Part 04: UV Cured Printing Inks Market Sizing
Part 05: 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
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Sun Chemical and DIC Corporation: Acquiring Sensient Imaging Technologies and other ink-related businesses to enhance inkjet ink capabilities.
INX International Ink Co.: Completed the acquisition of RUCO Druckfarben, a prominent German printing ink company, aiming to strengthen its printing ink business.
This comprehensive report presents a detailed analysis of the global UV Cured Printing Inks Market, aiming to guide stakeholders in understanding market dynamics, competitive landscapes, and potential growth factors. Insights from past and present market scenarios, along with projected trends, empower decision-makers to navigate the industry effectively.
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