Global Printing Ink Market: Snapshot

The global printing ink market is teeming with a variety of players having a range of contribution to the value chain. Competition is stiff among them and in order to surge ahead of rivals, players are seen integrating vertically through mergers, acquisitions, and collaborations to gain more control over the entire production process. This enables them to gain easy access to technologically improved solutions, equipment procurement, and distribution channels.

At the forefront of driving demand in the global printing ink market is the ever-soaring demand from the packaging industry. Further, demand from UV-cured inks from the fast-expanding digital printing market is also having a positive impact on the global printing ink market. Nevertheless, major headwinds are being posed by the rising uptake of e-books and online editions of newspapers. A noticeable trend in the global printing ink market is the shift towards water-based ink segments owing to its environmental friendly nature. Currently, oil- and solvent-based inks hold a sway over the market.

By 2020, the global printing inks market is predicted to reach a valuation of US$20 bn.

Market Growth Stoked By Uptake of Letterpress Printing

The different types of products available in the global printing inks market can be broadly classified into gravure, flexographic, digital, and lithographic. There are others too such as letterpress printing. At present, lithographic printing accounts for maximum share in the market. In the near future too it is predicted to account for a leading market share. However, with respect to growth, digital printing is predicted to surpass all others because of the perceptible shift towards modern printing methods.

Different application areas are serving to generate sales in the global printing inks market. Those include publication, packaging, and commercial printing. Decorative printing is another application area.

Currently, most of the demand is created by the segment of packaging because of the unprecedented proliferation of the ecommerce sector and skyrocketing consumerism. In the next couple of years too, the packaging segment will likely register most of the demand. Printing inks are used in tags and labels, flexible materials, and metal cans – all of which are used in packing a range of products.

Europe and North America Market Catapulted to Fore by Surging Demand for Flexible Packaging

Geographically, North America and Europe hold majority of the share in the global printing inks market. The regions’ growth have been mainly facilitated by the proliferating flexible packaging and commercial printing market. Easy availability of resins has also contributed to market growth in the region. In the near term, Asia Pacific printing ink market is predicted to spell maximum opportunity. This is mainly on account of the rising demand from China and India, economic superpowers in the region. The expansion in manufacturing of goods, trade and commerce, and demand for international shipping of non-consumer goods in the region have fuelled the market. Paperboard packaging has become important in the packaging sector due to its sturdy nature, and the global printing inks market has benefited immensely from the consistent demand for printing on packaging equipment.

Some of the key players operating in the global printing ink market are Royal Dutch Printing Ink Factories Van Son, TOYO Ink Group, Sakata INX Corporation, Wikoff Color Corporation, Flint Group, ALTANA AG, Siegwerk Druckfarben AG & Co. KGaA, Sun Chemical Corporation, T&K TOKA Corporation, and Huber Group.

The report analyzes and forecasts the market for printing inks on the global and regional level. Market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2014 to 2020. The study includes drivers and restraints of the global printing inks market. It also covers the impact of these drivers and restraints on demand for printing inks during the forecast period. The report comprises the study of opportunities in the printing inks market on the global and regional level. 
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global printing inks market. Analysis of Porter’s five forces model for the printing inks market has also been covered to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a decisive view of the global printing inks market by segmenting it in terms of product, process and applications. All the three segments have been analyzed based on present and future trends. The global printing inks market has been estimated from 2014 to 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also covers demand for individual application segments in all the regions.
 
The study includes profiles of major companies operating in the global printing inks market. Key players profiled in the report 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. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments.
 
The report provides the market size of printing inks for 2013, and forecast for the next six years. The global market size of printing inks has been provided in terms of volume as well as revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on various key application segments of printing inks. Market size and forecast for each major application is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape and outlook, etc. Furthermore, these help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
The report segments the global printing inks market into:
 
Printing Inks Market – Product Segment Analysis
  • Solvent-based printing inks
  • Water-based printing inks
  • Oil-based printing inks
  • Other printing inks (Including UV-cured Inks, etc.)
Printing Inks Market - Process Segment Analysis
  • Lithographic printing
  • Gravure printing
  • Flexographic printing
  • Digital printing
  • Other printing (Including letterpress printing, etc.) 
Printing Inks Market - Application Analysis 
  • Packaging 
  • Publication and commercial printing
  • Others (Including decorative printing, etc.)
Printing Inks Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (Latin America, Africa and the Middle East)
.