Printing Inks Market : Facts, Figures and Analytical Insights 2014 - 2020

Inks are chemical compounds used in the printing process in packaging, publication and commercial printing applications. Printing inks are primarily used in the packaging application, followed by usage in publication and commercial printing such as advertisements. The printing inks market has been segmented in terms of process into lithographic printing, gravure printing, flexographic printing, digital printing and other printing (including letterpress printing). Besides the process segment, the printing inks market has been segmented based on products such as solvent-based printing inks, water-based printing inks, oil-based printing inks and others. Packaging was the major application segment of the global printing inks market at the end of 2013. The segment is expected to continue its dominance for the next six years.

Lithographic printing was the largest process segment of the global printing inks market, accounting for more than 40% share in 2013. Digital printing segment is anticipated to be the fastest growing process segment of the global printing inks market in the next six years. Continual growth in digital printing coupled with high proliferation of household printing devices is estimated to drive the printing inks market in the next six years. Besides digital printing application, significant growth in the packaging industry is likely to boost demand for printing inks in the next few years. Furthermore, increasing demand for water-based printing inks and UV-cured inks in various printing applications is projected to propel demand for printing inks in the global printing industry in the next six years.

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Oil-based printing inks segment dominated the printing inks market in 2013, as oil-based printing inks are employed primarily in the lithographic printing process. Water-based printing inks is expected to be the fastest growing segment in the printing inks market, as these inks comply with environmental regulations. Market share of solvent-based printing inks is anticipated to remain moderate during the forecast period.

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Geographically, the global printing inks market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the World (RoW). North America was the largest regional market for printing inks, constituting over 30% share in 2013. Increasing demand for printing inks in the packaging industry, especially flexible packaging, is projected to drive the printing inks market in North America in the next few years. Asia Pacific is estimated to be the fastest growing region in the global printing Inks market during the forecast period. Higher demand for printing inks in developing countries in Asia, such as China and India, is likely to boost the printing Inks market in Asia Pacific in the next few years. The printing inks market in Europe is projected to expand moderately in the next six years, due to steady recovery of the economy in the region. The printing inks market in RoW is expected to expand significantly in the next few years, led by rising demand for printing inks in regions such as Latin America and the Middle East.

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Increasing demand for printing inks in rapidly growing application segments such as packaging and commercial printing is anticipated to propel the global printing inks market in the next few years. Higher mass production of UV-cured printing inks and water-based printing inks is projected to offer significant opportunities to the printing inks market, especially in food & beverage, packaging and other end-user industries, in the next six years. However, fluctuation in prices of raw materials coupled with several environmental regulations on solvent-based printing inks and wide acceptance of e-books and e-commerce is likely to hamper market growth during the forecast period. Major manufacturers of printing inks include Sun Chemical Corporation, Flint Group, Siegwerk Druckfarben AG & Co. KGaA, TOYO Ink Group, Sakata INX Corporation, ALTANA AG, Huber Group, T&K TOKA Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG and Royal Dutch Printing Ink Factories Van Son.

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