Published By : 06 Sep 2016 | Published By : QYRESEARCH
The rising demand for printing inks in the packaging industry has led to a significant surge in the valuation of the global printing inks market in the recent times. The market has also been driven by the growing demand for UV-cured inks from a number of printing processes. Going further, the advent of bio-based printing inks is likely to create opportunities for market growth in the coming years.
North America to Remain Dominant in Global Printing Inks Market
The worldwide market for printing inks is spread across Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. North America led the overall market in 2013 with a share of more than 30%.
The significant rise in the packaging industry in North America has been fueling the demand for printing inks in this region. Experts predict this region to retain its dominance in the near future.
China and India to Emerge as Key Consumers of Printing Inks in Asia Pacific
Asia Pacific, Europe, Latin America, and the Middle East and Africa are also expected to report a significant increase in the demand for printing inks in the forthcoming years. China and India are likely to emerge as the key consumers of printing inks in this region over the next few years.
The economic recovery after the recession is projected to boost the market for printing inks in Europe and the markets in the Middle East and Latin America are anticipated to be driven by the rise in the FMCG sectors in these regions in the years to come.
Key Players in Global Printing Inks Market
Zeller+Gmelin GmbH & Co. KG, T&K TOKA Corp., Royal Dutch Printing Ink Factories Van Son, Huber Group, Sakata INX Corp., Toyo Ink Group, Altana AG, Flint Group, Sun Chemical Corp., Wikoff Color Corp., and Siegwerk Druckfarben AG & Co. KGaA are the leading participants in the global market for printing inks.