Global Printing Inks Market: Snapshot
Printing inks are essentially comprised of pigments of the required color mixed with varnish or oil. Black ink, for instance, is formulated from carbon blacks and thick linseed oil. The unique perceived benefits of printing inks are their smooth flow, consistency that enables them to hold more color, and ability to dry faster. Boosting their market majorly is the robust demand from the packaging industry. Additionally, increasing demand for UV-cured inks, in which high intensity ultra-violet lights are used to dry inks, from the booming digital printing market is also contributing to the growth in the market substantially.
Some of the factors countering the growth in the global market for printing inks are the soaring popularity of e-books and strict government regulations. A recent noticeable trend in the market is the emergence and popularity of bio-based printing inks. The market is slated to be worth US$20.17 bn by 2020.
Digital Printing Poised for Good Growth due to rapid Adoption of Modern Printing Methods
Depending upon the different types, the global market for printing inks can be classified into flexographic, gravure, lithographic, and digital, among others including letterpress printing. Of these, the segment of lithographic printing led the market with a significant 40% share in it vis-à-vis volume in 2013. In the foreseeable future, it is expected to continue dominating the market with a leading share. In the years ahead, however, the segment of digital printing is anticipated to witness maximum growth on account of the increasing uptake of modern printing methods and more and more households purchasing printing inks.
Based on the types of products, the key segments in the global market for printing inks are water-based, oil-based, and solvent-based, among others. Among them, the water-based inks segment on account of being environment-friendly, will likely outpace all other segments in terms of growth pace. Currently, oil- and solvent-based inks hold a sway over the market.
Application-wise, the global market for printing inks can be categorized into packaging, publication and commercial printing, and others such as decorative printing. Among them, the packaging segment leads the market owing to the rising requirement of flexible packaging across various industries. In the upcoming years too, the packaging segment is anticipated to retain is dominance in the market. Printing inks find applications in tags and labels, metal cans, and flexible materials in the packaging industry.
North America Propelled by Booming Commercial Printing and Flexible Packaging Market
From a geographical standpoint, North America, Asia Pacific, Europe, and the Rest of the World
are key regions in the global market for printing inks. Volume-wise, North America leads the market. In 2013, its overall market share was 30%. The booming commercial printing and flexible packaging market is primarily fuelling the region’s growth. In the foreseeable future, however, Asia Pacific powered by the growing demand for printing inks from India and China, is forecasted to clock maximum growth. The Europe market is also forecasted to tread on a healthy growth trajectory in the next couple of years.
Some of the prominent names operating in the global market for printing inks are T&K TOKA Corporation, TOYO Ink Group, Wikoff Color Corporation, Sakata INX Corporation, Royal Dutch Printing Ink Factories Van Son, Siegwerk Druckfarben AG & Co. KGaA, Huber Group, Sun Chemical Corporation, Flint Group, and ALTANA AG.
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
- Publication and commercial printing
- Others (Including decorative printing, etc.)
Printing Inks Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (Latin America, Africa and the Middle East)