Global Screen Printing Inks Market was Valued at US$ XX Mn in 2018, Growth of Packaging Industry
Analyst Speak:
“The Global Screen Printing Inks Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to growth of packaging industry.”
The global Screen Printing Inks market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors boosting the market growth include increasing demand for screen printing inks from packaging industry, rise in disposable income of the middle class, rise in inclination for online reading and growing consumer consciousness regarding wellness. In addition, demand for eco-friendly screen printing inks provides huge growth opportunity for the market. However, factors such as availability of low-cost reading devices and increase in the number of safety regulations are hindering the market growth.
Global Screen Printing Inks market segmented on the basis of type, application and region.
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Labels & Packaging Based Applications Dominate the Global Screen Printing Inks Market
Based on the Application, global screen printing inks market segmented into commercial printing, publication, labels & packaging and others. Label & packaging is a key segment of the market. Labels are vital to last for long period. Therefore, they need to be printed with the help of thick printing materials that use solvents. There is an increase in the demand for water-borne screen printing inks in the coming years due to rising demand for flexible packaging in the food and beverage sector. Labels on numerous packaged products mainly use solvent-based inks. They offer information and usage guidelines for the product, particularly in food packaging.
Asia Pacific Leads the Global Screen Printing Inks market
PBI’s global screen printing inks market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global Screen Printing Inks market with considerable CAGR owing to the increase in demand from end-use industries and moreover international players have increased their focus on Asia Pacific due to large-scale production of automobiles and growth of the packaging industry.
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Acquisitions are the key strategies adopted by market players
Global Screen Printing Inks market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in Feb 2018, Sun Chemical acquired DIC Corporation. The acquisition creates an enormous growth platform for Sun Chemicals.
Key player’s profiles in the report are Toyo Ink Co., Ltd. (Japan), Sun Chemical (U.S), Siegwerk Druckfarben AG & Co. KGaA (U.S), Proell KG (Germany), Nazdar Ink Technologies (U.S), Marabu GmbH & Co. KG (Germany), Kolorcure (U.S), Huber Group (Germany), FUJIFILM Holdings America Corporation (U.S) and Flit Group (Luxembourg).
Precision Business Insights (PBI) in its report titled “Global Screen Printing Inks Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
Detailed Segmentation
By Type
o Solvent Based
o Water Based
o UV Cured
o Others
• Plastisols
• Discharge Inks
By Application
o Commercial Printing
o Publication
o Labels & Packaging
o Others
• News Papers
• Magazines
• Office Stationery
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA
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