The Printing Inks Market is being driven by High demand for printing inks from packaging industry
The Printing Inks Market is expected to grow at a CAGR of 2.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2317.7 million. In the dynamic printing ink market, manufacturers are prioritizing new product development to cater to evolving client requirements. Two significant trends in this area are the production of eco-friendly inks and high-performance inks. Eco-friendly inks, which are gaining traction, are manufactured using renewable resources and have low Volatile Organic Compounds (VOCs) emissions, making them more sustainable for the environment. Additionally, high-performance inks are being developed to enhance print quality and durability, featuring resistance to fading, scratching, and other damages. These advancements underscore the industry's commitment to innovation and sustainability.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
234 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.1% |
Market growth 2025-2029 |
USD 2317.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
2.1 |
Key countries |
US, China, UK, Germany, Japan, Canada, France, India, Italy, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Printing Inks Market encompasses various technologies including Inkjet, Offset, Flexographic, Gravure, Screen, and Digital Printing. Key areas of focus are UV Curing, Water-Based and Solvent-Based Ink Technology. Pigment Dispersion, Ink Jetting Technology, and Ink Formulation Optimization are crucial for ink production. Ink Rheology Control, Drying Optimization, Adhesion Enhancement, and Durability Testing ensure print quality. Regulations cover Migration Prevention, Print Quality Control, Color Gamut Expansion, Resolution Enhancement, Print Speed Optimization, Consumption Reduction, Storage Optimization, Handling Practices, Safety Standards, Certification Programs, Testing Procedures, Analysis Techniques, Recycling Technologies, Disposal Regulations, Development Trends, and Innovations.
The global commodity chemicals market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as inkjet inks, offset inks, flexographic inks, gravure inks, screen printing inks, digital inks, and UV inks. Exclusions from this market include chemical companies focusing on diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, the global commodity chemicals market will experience growth due to the escalating demand for plastic packaging. As plastic is the predominantly utilized material in the packaging sector worldwide, the increasing preference for lightweight and corrosion-resistant packaging materials has fueled continuous innovation, subsequently influencing the application of chemicals in the manufacturing process.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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