Eco-Friendly Inks Drive Growth in the Global Printing Inks Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Printing Inks markets. Global market for Printing Inks is projected to reach US$19.4 billion by 2018, primarily driven by technology developments, increasing application in the packaging end-use sector and growing focus on environmentally friendly inks.

Printing Inks: A Global Strategic Business Report

Follow us on LinkedIn – Health of the printing inks market is closely linked to the economic climate and GDP growth. The market is highly cyclical with economic ups and downs influencing demand patterns. The global market was negatively affected by the 2007-2009 world economic recession and by the weak economic recovery that followed soon after. Higher raw material prices triggered by shortages in supply aggravated the unfavorable market climate. The rise of alternate application markets for printing ink raw materials and feedstock, consolidation in the value chain, widespread capacity reductions by manufacturers as a result of reduced demand, represent few of the many factors that resulted in tight supply conditions during the period.

Currently, product and technology innovations are creating new growth opportunities. The growing focus on R&D, amidst intensifying competition and environmental concerns, is poised to benefit the market for Printing Inks. Innovative technologies have the potential to transform the market by enabling manufacturers to add value to their product offerings. Advancements in UV fluid inks for instance, has led to improved product functionalities such as enhanced opacity, better print quality, compatibility with high-speed printing, and environmental compliance, among others. UV-curable ink, an offshoot of the hybrid energy-curable ink technology, is making inroads into markets in the US, Western Europe, Japan, and parts of Asia-Pacific. Developmental efforts will increasingly be focused on engineering products with smaller environmental footprint, superior energy efficiency and enhanced resistance to chemicals such as solvents and cleaners.

Strict environmental regulations are exerting pressure on manufacturers to develop eco-friendly inks. Growing concerns over VOC (volatile organic compounds) emissions from conventional solvent-based inks is leading to a shift in preference for inks free from heavy metals such as cadmium, mercury and lead. With regulatory authorities setting standards for the maximum permissible amount of heavy metals in inks, there is a growing trend towards ingredients based on vegetable oils as against the conventional petroleum oils. Biodegradable Inks, against this backdrop, is expected to witness strong demand, particularly in the commercial printing business. A key advantage of biodegradable inks is enhanced paper recyclability as it aids in effective separation of ink from paper. As safety labeling requirements become tougher especially in the food packaging industry, green inks which are odorless and free from toxic compounds are poised to benefit. Falling prices of environmentally friendly inks will additionally support penetration into newer application markets.

Packaging inks market is expected to witness encouraging demand driven by technology advancements in packaging technologies, particularly in the field of flexible packaging techniques. With over 30% of all consumer goods coming packaged in flexible-packaging materials, flexible packaging inks are forecast to witness strong gains. Opportunities for packaging ink manufacturers will also stem from packaging categories such as, labels, folding cartons, and graphics corrugated packaging. Labels and flexible packaging are expected to maintain their leading position in terms of growth. Developing countries are forecast to lead gains supported by strong economic growth, increasing discretionary spends, rising standards of living and the resulting retail sector boom that spurs applications in food and non-food product packaging.

As stated by the new market research report on Printing Inks, the US represents the single largest market worldwide. Growth in this market is driven by increased adoption of digital and environmental friendly ink formulations. Asia-Pacific is forecast to emerge as the fastest growing market with volume sales projected to grow at a CAGR of 5.5% over the analysis period. Lithographic inks represents the largest product market, while digital inks is forecast to be the fastest growing segment driven by improvements in screen-printing technology, growing popularity of outdoor signage, and widespread use of inkjet printing.

Major players in the market include Dainichiseika Color & Chemicals Mfg. Co. Ltd., DIC Corporation, Sun Chemical Corp., Flint Group, Sakata Inx Corporation, INX International Ink Co., SAKATA Inx (INDIA) Limited, Siegwerk Druckfarben AG & Co. KGaA, T & K Toka Co. Ltd., and Tokyo Printing Ink Mfg. Co. Ltd., among others.

The research report titled "Printing Inks: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in US$ and Thousand Tons for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia Pacific (China, India, Australia and Rest of Asia-Pacific), Middle East and Latin America. Product markets analyzed include Lithographic Inks, Flexographic Inks, Gravure Inks, Digital Inks and Other Inks.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Printing_Inks_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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