Printing inks refer to a paste or liquid that are used to color surfaces, like cardboards, books and magazines, newspapers, and ceramic tiles, to produce design, text, and images. These inks contain dyes or pigments that are mixed with water, oil, or solvents, which form paste or liquid. Moreover, with the growing environmental consciousness, the printing industry is increasingly adopting eco-friendly inks, such as UV-cured and water-based, as these products enhance the efficiency and decrease the harmful effects of toxic and inorganic materials used in conventional printing inks.
Owing to the multiple applications of printing inks and advantages of environment-friendly inks, their consumption has notably increased in end-use industries such as packaging, publication, printing, and food and beverages. In recent years, the usage of these inks has surged in the packaging industry, especially in India, the U.S., and China, due to their applications in flexible materials, tags and labels, and metal cans. These factors assist the printing inks market to grow by 4.7% during 2017–2023, and its value will increase from $17,537.4 million in 2016 to $23,881.9 million by 2023.
 |
| To learn more about this report: https://bit.ly/3b6YhVv |
Geographically, North America consumes the highest volume of printing inks, wherein the U.S. is larger contributor to the regional printing inks market. Whereas, Germany, Turkey, and Brazil were the largest consumers in the European, Middle East and Africa (MEA), and Latin American regions, respectively.
In addition to this, the penetration of bio-based products is also increasing, as people are becoming increasingly aware regarding the adverse effects of volatile organic compounds emissions in printing inks. Due to this the need for bio-based products in the different end-use industries, including printing, packaging, food & beverages, and publication, is growing. Printing inks find applications such as metal cans, tags and labels, and flexible materials in the packaging industry.
In conclusion, the demand for printing inks is growing because of the expanding packaging industry and rising requirement for eco-friendly products.
Read more: https://www.psmarketresearch.com/market-analysis/printing-ink-market
