The Asia-Pacific printing inks market is set for lucrative growth in the coming years. The major factors propelling the advancement of the market are the rising usage of packaged food items and the growing requirement for bio-based products throughout the world. Printing inks are pastes or liquids that contain dyes or pigments and are used for coloring surfaces for producing images, designs, or texts. They are heavily used for coloring various surfaces such as cardboards and newspapers.
Depending on product, the market is divided into gravure inks, lithographic inks, digital inks, letterpress inks, flexographic inks, and others, wherein, the others category includes fluorescent inks, magnetic inks, and metallic inks. Amongst these, the flexographic inks category recorded the highest growth in the market in the past. This was because of the various beneficial traits of these inks such as their ability to support numerous colors and their ability to be used with both oil-based and water-based inks.
During the last few years, regional countries such as Indonesia, China, and India have emerged as some of the biggest printing inks markets in the APAC region. The rapid commercialization and industrialization in these economies have caused a sharp rise in the usage of printing inks, especially in offices. Additionally, the improving living standards of people in these countries are pushing up the demand for food items, which is, in turn, propelling the requirement for printing inks in the region.
Thus, it can be said with certainty that due to the growing requirement for printing inks in various packaging applications, the market will register huge growth in the coming years.
Read more: https://www.psmarketresearch.com/market-analysis/apac-printing-inks-market
