Printing Inks Market in North America 2016-2024 - Booming Packaging Industry Stimulates Demand

This research study analyzes the market for North America printing inks in terms of revenue (US$ Mn) and volume (Kilo Tons). The North America printing inks market has been segmented on the basis of product, application, end-use, and country. The report features a detailed segmentation with market growth forecasts from 2016 to 2024. 2015 has been considered the base year and 2016 the estimated year, while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the submarkets and country-specific levels from 2016 to 2024.

North America Printing Inks Market: Scope

The report provides a broad competitive analysis of companies engaged in the production and distribution of printing inks in North America. The report also includes key market dynamics such as drivers, restraints, and opportunities affecting the North America printing inks market. These are analyzed in detail and illustrated in the report with supporting graphs and tables.

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The report also provides a comprehensive analysis of the market with the help of the Porter’s Five Forces Analysis model, which helps in understanding the factors that affect the structure and profitability of the North America printing inks market. These are the bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

North America Printing Inks Market: Drivers and Trends

The report provides detailed insights into the North America printing inks business. Currently, numerous factors drive the North America printing inks market. The most prominent drivers include growth of renewable energy, volatility in crude oil prices, bio-based raw materials, oil & gas industry outlook, North America printing ink production facilities, growth rate of end-user industries, and others. Market attractiveness analysis was carried out for the North America printing inks market on the basis of product, application, end-use, and country. Market attractiveness was estimated on the basis of common parameters that directly impact the market.

Flexographic and gravure printing inks are primarily used with solvents as base materials. Flexographic and gravure printing methods are widely employed in flexible packaging, especially in food and beverages industries. Solvent-based inks consist of inorganic solvents and toxic metals such as cadmium, hexavalent chromium, lead, and mercury. These lead to various health hazards if they come in direct contact with edibles. The number of safety regulations in North America has been increased in order to avoid adverse health consequences resulting from intake of toxic substances. This is likely to hamper the printing inks market in the next few years. In North America, demand for VOC-free printing inks is gaining momentum. Increased environmental regulations regarding usage of VOC inks are driving the market for UV-cured printing inks.

Packaging is considered one of the highly important marketing aspects that influence the consumer’s purchasing decision. In North America, the packaging industry is one of the major consumers of printing inks. Expansion of the food & beverages industry along with increased demand for flexible packaging from the health care sector is expected to boost the demand for printing inks in the next few years.

The North America printing inks market has been segmented into four categories: product, application, end-use and country. In terms of product, the North America printing inks market has been classified into solvent-based, water-based, oil-based, and UV-cured. In terms of application, the North America printing inks market has been classified into flexographic printing, gravure printing, offset printing, digital printing, screen printing, and specialty printing. In terms of end-use, the North America printing inks market has been classified into publication & commercial printing, packaging, textiles, metal cans, and others (decorative printing etc.). In terms of country, the North America printing inks market has been segmented into the U.S. and Canada.

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Key Players Mentioned in the Report are:

Major players operating in the North America printing inks market include Sun Chemical Corporation, Flint Group, Wikoff Color Corporation, Siegwerk Druckfarben AG & Co. KgaA, Toyo Ink America, LLC, American Ink and Coatings, INX International Ink Co., and others.

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