Top Factors Driving the Global Printing Inks Market | Technavio

LONDON–(BUSINESS WIRE)–#Paints—Technavio
market research analysts forecast the global
printing inks market to grow at a CAGR of close to 6%
during the period 2018-2022, according to their latest report.

This market research report segments the global
printing inks market into the following type (lithographic inks,
flexographic inks, digital inks, and gravure inks), end-use industry
(packaging, publishing, and commercial printing), and key regions (North
America, APAC, EMEA, and ROW).

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In this report, Technavio analysts highlight the demand for water-based
ink technology as a key factor contributing to the growth of the global
printing inks market:

Demand for water-based ink technology favoring
market growth

Water-based printing inks perform well in printing applications
involving textiles, cardboard, and paper and are increasingly preferred.
Water-based printing inks are also used for printing plastics and foils.
These printing inks can easily recycle the substrate. Moreover, the
advances in the water-based ink technology that includes the development
of novel additives along with water-based printing processes are
expected to drive the demand for printing inks. For example, surface
preparation techniques, such as the corona treatment, are majorly used
in a wide range of materials, including foils and plastics.

According to a senior analyst at Technavio for paints,
coatings, and pigments, “The players in the market are
focusing on switching their operations from the solvent-borne printing
inks to water-based or waterborne printing due to the eco-friendly
properties of water-based printing inks. These inks are also
increasingly preferred as they improve the flow of inks. As they are
manufactured using water-dispersible polymers, they benefit printers and
reduce the overall cost by enhancing the ink-flow.”

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Global printing inks market segmentation

Of the four major types, the lithographic inks segment held the largest
market share in 2017, accounting for nearly 43% of the market. The
market share for this type is expected to decrease by 2022. The fastest
growing type is digital inks, which will account for nearly 17% of the
total market share by 2022.

North America was the leading region for the global
printing inks market in 2017, accounting for a market share of
nearly 54%. By 2022, APAC is expected to witness the highest growth rate
of nearly 2%.

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