Top 3 Trends Impacting the Global Rigid Plastic Packaging Inks and Coating Market Through 2021: Technavio

LONDON–(BUSINESS WIRE)–#Packaging–Technavio’s latest market research report on the global
rigid plastic packaging (RPP) inks and coating market provides
an analysis of the most important trends expected to impact the market
outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

The top three emerging market trends driving the global RPP
inks and coating market according to Technavio research analysts
are:

• Increased adoption of printing inks and coating for lightweight rigid
  and biodegradable plastics
• Increasing adoption of ultraviolet (UV) and electron beam (EB) curing
  technology
• Growing demand for small-sized rigid plastic packs

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Increased adoption of printing inks and coating for lightweight rigid
and biodegradable plastics

Inks and coating vendors are modifying printing materials and techniques
for new lightweight and biodegradable plastic packaging materials. The
lightweight packaging material is increasingly gaining popularity among
customers. The need for a reduction in transportation and carriage
costs, leading to increased profitability, has become one of the prime
focus areas. The unit cost of production is lowered by more than 80% in
the face of rising raw material costs, and this cost benefit is passed
onto the customer.

“Biodegradable PET are plastics that are easily decomposed by
microorganisms, thereby reducing the impact on the environment.
Biodegradable PET is not fully composed of renewable materials but
consists of plastics made from petrochemicals along with the addition of
biodegradable additives,” says Shakti Jakhar, a lead analyst at
Technavio for packaging
research.

Increasing adoption of UV and electron beam curing technology

UV light cured inks and coating designs do not emit VOC and are
environmentally safe, as they are free of toxic solvents. Further, as
these inks and paints are cured using UV light rather than conventional
sources such as dry and hot air, they consume approximately 50% less
energy along with a shorter turnover time for printing as compared to
the traditional machine printing process. UV-curable inks are
increasingly being adopted for rigid plastic food packages, as exposure
to processes used for curing normal inks can contaminate the food kept
in RPP materials.

EB technology is a modification of UV curing technology. It improves
printing turnover time and offers better curing. However, the technology
is relatively expensive and the components used are complex. The market
share of this technology is anticipated to increase due to the continual
advances in technology and decreasing costs of the needed components and
equipment.

Growing demand for small-sized rigid plastic packs

Growing demand for small-sized packs has motivated packaging companies
to expand their product and material offerings for every product in
rigid packaging. In the mass consumption branded category, a rise in
several one-person households (OPH) has led to the increased demand for
small pack sizes of various consumer products, which enable customers to
switch brands, as consumers buy products at regular intervals and are
not committed to using large volumes of products from a single brand.

These small rigid plastic packs are used for different bundling of
products, and small rigid container packaging is mainly used in the
cosmetic industry. Different inks used for printing small rigid plastic
packs are solvent-based D-PAD printing ink, EVOPACK UV screen printing
ink, and POLYPLAK UV LED screen printing ink.

“Another factor supporting the demand for multipacks is that several
merchants want packaging that is attractive and uses less shelf space.
Retailers prefer small-sized packs because it entices customers to try
new products. Different choices in small packs, such as different
flavors of the same beverage or food product and the same product type
in several small packs, have elevated the market for inks and coating in
the small RPP segment,” says Shakti.

Browse Related Reports:

• Global
  Protective Packaging Systems Market 2017-2021
• Global
  Fish Box Market 2017-2021
• Global
  Tube and Stick Packaging Market 2017-2021

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 630 333 9501
UK: +44 208 123 1770
www.technavio.com