Printing Inks Market
Printing Inks Market (Application - Screen Printing, Flexographic Printing, Gravure Printing, Offset Printing, Digital Printing, and Specialty Printing; End Use - Publication and Commercial Printing, Packaging, Textiles, Metal Cans, and Decorative Inks) - South Africa Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Press Release :
South Africa Printing Inks Market: Snapshot
Wide use of printing inks in newspaper industry is stimulating the growth of the South Africa printing inks market. The key purpose of printing ink is to reproduce and transfer an image from a printing surface. Printing inks can be described as colored pastes and liquids that deliver message together with making substrate decorative. Printing inks are made up of solutions of dyes and insoluble colors. In South Africa, there is increased inclination toward using packaged products. This trend is responsible for rise in demand for printing inks in South Africa packaging sector. As a result, the vendors in the South Africa printing inks market have numerous growth avenues.
Besides packaging, major end-users of the products from the South Africa printing inks market are metal cans, textiles, publication, and other sectors. This wide spread use of printing inks shows promising future for the market during upcoming period. Based on processes, these inks are distinguished into flexography, rotogravure, and lithography.
Strategic Moves by Vendors Supporting Market Growth
Key vendors in the South Africa printing inks market are chasing diverse strategies to attract new customer base for their products. Growing new product launch activities is one of the representatives of such strategies. A case in point here is the recent launch of rigid UV ink by NUtec. The firm stated that the latest product is exclusively introduced for HP FB printer series. This move by NUtec is projected to stimulate the growth of the South Africa printing inks market.
The list of key players in the South Africa printing inks market includes Hi-Tech inks PTY Limited, Flint group South Africa Limited, New Africa inks Limited, Hostmann-Steinberg South Africa (Pty) Limited, Constantia Printing Inks, and NUtecb Digital Ink (Pty) Ltd. Presence of well-established players indicates the intense competitive landscape of the South Africa printing inks market.
Printing inks are basically colored pastes and liquids, which are mainly formulated for reproducing and transferring an image from a printing surface. Such inks provide protection, deliver message, and also offer a decorative image to substrate. Printing inks comprise of solutions of dyes and insoluble colorants. Such inks are distinguished by processes such as rotogravure, lithography, and flexography. Growing demand for packaged products and rising need for printing inks in various industry such as packaging are driving the global printing inks market. Apart from packaging, printing inks are majorly used in commercial printing, metal cans, textiles, and publication. Such USPs are also fueling the global printing inks market.
According to experts, the global printing inks market is expected to hit US$155.13 mn by the end of 2024. The growth is expected to occur at a promising CAGR of 6.9% during the forecast period from 2015 to 2024. Rising environmental concerns is prompting various companies to produce environment-friendly products. Thus, boosting the global printing inks market. The market is mainly segmented on the basis of application and end-user.
Offset Printing Account for Leading Share in Printing Inks Market
From the perspective of application, the global printing inks market is segmented into flexography, offset printing, specialty printing, screen printing, digital printing, and gravure printing. Among these segments, offset printing is expected to showcase fantastic expansion in the next few years, especially during the mentioned forecast period – 2016 to 2024. This is mainly due to their extensive application in commercial, packaging, and publication printing sectors and also constant expansion of various end-use industries. Flexographic printing is the next leading segment in the market as they are widely adopted in several end-use industries such as packaging industry. Another leading segment is digital printing. This segment is expanding owing to the rising trend of digitalization.
In terms of end-user, the global printing inks market is divided into following segments – packaging, metal cans, publication and commercial printing, and textiles. Among theses end-users, packaging segment is expected to witness highest proliferation thanks to the increasing demand for packaged consumer products. The publication and commercial printing segment also showcases a significant share in the market due to the rapid growth in print media. However, due to the contraction between textile and other industries, metal cans and textiles segments are expected to remain less attractive during forecast period.
Asia Pacific Showcases Largest Share In Terms of Consumption
Geographically, the global printing inks market is bifurcated into Asia Pacific and South Africa. Among these, Asia Pacific is expected to lead the global printing inks market. This regional market is expected to contribute largest share during the forecast period. This is because the region has witnessed rapid growth in consumer goods sector. Apart from this, growing demand from packaging industry, increasing expenditure in healthier products, and rising disposable incomes are also fueling the demand in the printing inks market in this region.
Key players operating in the global printing inks market include GL Specialized Inks Ltd, Hi-Tech Inks, Select Inks, NUtec Digital Ink, and Millian inks.
South Africa Printing Inks Market: Research Methodology
Printing inks is a liquid or paste that contains pigments or dyes mixed with oil or solvents or water. Printing inks are used to color surfaces such as paper, cardboard, and ceramic tiles to produce an image, text, or design. These inks can be classified into liquid and paste. Liquid inks are employed in gravure and flexographic printing processes, while paste inks are used in offset printing process. Pigments are extensively used in printing inks as colorants (except in flexographic printing process). Invisible or fluorescent printing dye stuff is used as colorants in flexographic printing process and some other special applications such as heat transfer printing.
The report provides in-depth analysis and forecast of the printing inks market in South Africa. It includes forecast for the period from 2016 to 2024 in terms of volume (kilo tons) and revenue (US$ Mn). Quantitative data has been derived through extensive secondary research of the printing inks market in South Africa. Secondary sources typically include company websites, relevant magazines, government documents, and press releases. The top-down approach has been adopted to derive the revenue and volume figures for the printing inks market in South Africa. Furthermore, the bottom-up approach has been employed to derive data for various application segments based on demand for printing inks. A combination of top-down and bottom-up approaches helps validate the quantitative data. The data was further validated with the help of primary research with industry experts to ensure accuracy of derived numbers.
South Africa Printing Inks Market: Scope of the Study
Detailed analysis of various factors driving the printing inks market in South Africa has been included for astute decision making. Impact of these drivers has been analyzed with data to substantiate research findings. Furthermore, factors restraining market growth have been included for better understanding of the market. Impact of these restraints has been analyzed over the course of the forecast period. The report also comprises various opportunities available for market growth during the next eight years. Opportunities entail untapped or recently explored factors that are anticipated to drive the printing inks market in South Africa during the forecast period.
The report includes value chain analysis to help understand the industry thoroughly. Value chain analysis comprises detailed evaluation of the roles of various entities involved in the printing inks industry, from raw material suppliers to end-users. Various processes employed in the manufacture of printing inks have been included in the value chain analysis. Porter’s Five Forces model has been employed to determine the degree of competition in the market during the forecast period. Company market share analysis has been included for better understanding of the competitive landscape. Company market share analysis comprises the market share of dominant players in 2015, based on their production capacities. Furthermore, market attractiveness analysis has been conducted to analyze product segments that are expected to be lucrative during the forecast period. This is based on various factors such as market size, growth rate, profitability, raw material procurement, and competition in each product segment.
South Africa Printing Inks Market: Segmentation
Based on application, the printing inks market in South Africa has been segmented into screen printing inks, flexographic printing inks, gravure printing inks, offset printing inks, digital printing inks, and specialty inks. The report comprises detailed analysis of all the segments in the printing inks market in South Africa and forecast based on current and future trends in the industry in terms of volume (kilo tons) and revenue (US$ Mn). In terms of end-user, the market has been segmented into publication & commercial printing, packaging, textiles, metal cans, and others (decorative inks, etc.). Demand for printing inks in each of its application segments has been analyzed and forecast for the period of eight years.
South Africa Printing Inks Market: Competitive Landscape
The report also comprises profiles of leading companies in the printing inks market in South Africa. These include New Africa Inks (Pty) Limited, GL Specialized Inks (Pty) Ltd., Constantia Printing Inks, Hi-Tech Inks (Pty) Ltd., Millian Inks, Select Inks, Flint Group South Africa Ltd., NUtec Digital Ink (Pty) Ltd., and Hostmann-Steinberg South Africa (Pty) Ltd. Various attributes of these companies such as company overview, business strategies, and recent developments form the core of the company profiles section.
This report segments the printing inks market in South Africa as follows:
- Printing Inks Market – Application Analysis
- Screen Printing Inks
- Flexographic Printing Inks
- Gravure Printing Inks
- Offset Printing Inks
- Digital Printing Inks
- Specialty Inks
- Printing Inks Market – End-user Analysis
- Publication & Commercial Printing
- Metal Cans
- Others (Decorative inks, etc.)